Native is an ethereum built platform that allow communities, an individual to produce or generate their own token currency and thoroughly manage their token through a collective decision making tools.
Native has allow the communities, an individuals to known their inherent value in the economy and granting them the enablement to produce a widespread impact and prosperity in an economic state of growth with rising profit and full of employment. these platform was launched on mainnet giving the users the enablement to acquire the platform. What the users need is to get a wallet, some ETH and so on. These platform has allow other to inaugurate their currency with a good standard which include membership,transaction and vote.
This Native platform first recorded involved the use of fiat money which happened in an Asian country China around 1000 AD. These was a bronze shell called chao. Therefore with the help of the government which has backed currency, have help to dominate the global economy landscape. These system can be more effective with the help of the users as long as the authority in charge has the ability to cater the need of the citizen and society.
In 2008, at these period the largest financial platform crashed , the bitcoin white paper released which fully decentralised peer to peer monetary system with no full confidence on government or bank intermediation. Shortly after, when the crypotocurrency platform encounter some slight modifications platform like ETH which allowed execution of smart and nice contract to be implemented and grant them the ability to transfer and store value.
In 2018, the total cryptocurrency ecosystem was valued over $30B which also include oLl
The underlying technology powered bitcoin and all other cryptocurrencies in essence in which do not necessarily rely on centralised source to verify the validity of transaction. The traditional financed which was managed by bank and card companies which leaves an amole room on both internal and external attack had one point in control and management which was based on point of failure.
The transaction verification process across many agent with an intense risk and allowed a high degree of transparency of an authentication process. Cryptocurrency are not with any disadvantage the market has allow some convinent to act in a favourably way to the less financial savvy people. There are rigorous strategies to these challenges are emerging. A good example are some project required state of capital to be executed so as to participate in the market if an unfavorably activity was able to determined which could cost the staker to be penalise, because the pace of development in making financial technology is by shifting power to an individuals. A semi technical users was able to make use of financial system with equal and greater degree functioning to that of the traditional fiat currency and banking system.
A good example of local currency is berkshared accepted by over 4000 business and 8 local bank which primary goals to keep currency local and ensure growth in global economy. The increase in local centralised capital allow or created a condition for local business which surface in the local business trend. Additionally, the challenged faced today is that there is no structure for low that is non technical community to generate their own currency, these system are then too large which cannot meet the need of their member/ users accessing or utilising them.
Benefit
1.) Collective decision through the platform policy featured.
2.) Raising capital through token issuance and many other fundraising model.
3.) Ability to recognised the redeemed value in global framework.
Furthermore, Native
in these process,curators has the trust in administrator, they have a great knowledge of community vision and act to ensure a relevant and beneficial potential content to be added for member to able to access. Note that member join the community to show value, interest and goals toward the platform. The curator approved or deny work completed by the member in which they also have the power to change the curators when necessary. Theese Native platform exhibit a continuous token model which at time mint and destroy the token as the member/users interact with smart contract.
These settings was built on arbitrarily numbers of token and keeping the token in supply state.the benefits of these process include:
1.) Accurate indicator of market size and acting
2.) Carrying valued based implementation
native in cryptocurrency has been been able to have some advantages and so also disadvantage.
advantages
1.) They are very easy to access
2.) The price which is part of investing in cryptocurrency must be reasonable in such away that they are in stable conditions.
3.) Token stability unlike fiat currency are stable in such away that they are not affected by any daunter in the country.
disadvantages
1.) So also again the price which may fall to point where member/ users are losing their fund.
2.) Crashing of the cryptocurrency platform.
In conclusion, Native in cryptocurrency platforms has been able to built a systes for its member to generate its token used in a good decision taking, and so also informing its user with a proper price stability to enable user to continue to take part to make the platform had is growth in economy and ensuring a great portals for their platform without being hacked by some scrupulous hacker across the world.
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