Page 4 - ABiT Network Whitepaper

Executive Summary

oc
u
y that is designed t
urr
e acr
oin is a cr
T
c
yp ario
at
eat
ors.
ect
oss v
us s
enc
e v
o cr
al
t
en ec
y
os
a, the goal is t
o b
t of Afric
Originating fr
st
om the hear
uld go a o
em that w
ok
uild a t
ed b
ac
oblems f
y in alle ans.
y Afric
viating most of the financial pr
long w
a
y
t
onsist
er
est in cr
enc
y b
yp
e
F ently rising int e has been a c urr oc
or the past f
ears ther
w y
ans especially the y
Afric o ulation.
ung pop
or
c
o Google t
r
c
A
ding t
o
a and Ghana ar
uth Afric
ends, Nigeria, S t of the t op fiv
e nations
e par
c
with the most Bit
oin s
ealth cr
eation
u
e of w
. A
nd this is d
w av
en
e t ear ches globally
o the ne
u
r
yp urr encies pr o
t
that C
.
oc
vide
a as a c
ed with a lo
onomic
omes t ontinent has been f ac
o ec
t of diffic
ulties when it c
Afric
urr
ontinent that needs the C
r
oc
v
e
ution
y r
ol
yp enc
gr
o
w
th and w
e that Afric
v
t
a is one c
e belie
the most.
st c er
oin E
em of pr
at
c
s w
ans in mind.
e designed with the daily needs of Afric
ct
u
od
y
The T
os
ol
v
da
utions f
or the e
chain s
y people in a c
eating Block
C
r
er
y ontinent that is in dir e need of
undanc .
ur
o
or ab
e is no
t a simple endeav
st
ne
w s
ems f
y
ent in the ec
o
o w
ork ar
o stu
The need t dy and als onomic and es
und the harsh r
ealities pr
ent pr
ent
e c
as
r
ene
epr os oin c
y
urial ec
or T
ct
ems w
od
s and us
st
u
es f
at
as clear and the differ
o the int
urr
that c
eat
at
e
o cr c
oin t
xist ar
ently e
eam behind T
e v
alidation t
y of the t
entionalit
ed on Afric
ans and o
us
us needs.
ur v
ario
od
eally f
s r
pr
u
ct
oc
y
t
v
, ​
er
wn that Nigeria is c
xample
S
tatistics ​
ently the po
has sho
Using Nigeria as an e
urr
c
apital of the w
orld. ​
y on f
ther
ood and o
spend less than $1 dollar a da
ut of 1
0 Nigerians​
4 o
basic needs.
e as one of the
t
uld s
er
v
o
x
change that w
y peer-
ABiT
oc
yp urr t o-peer (P2P) e
rader is a cr
enc
et o
’t just s
uild ano
ut t
o b
as
e c
at oin. When designing the platf orm w
c
ther
e didn
es of T
us
e cr
, w
y e
cr yp um par ticipation b
t
change
o
y
eatur
x
ed f
uld ens
es that w
ur
eat
e maxim
urr
enc
oc
one
e
. er v
y