Page 8 - Understanding EOS TojuKaka FlipBook

created the EOS.IO software), blockchain offers a
promise that large organizations are not only run on
behalf of shareholders, but also for the users
themselves safeguarding their privacy and driving
value back to those that create it. Blockchain offers a
promise of a freer, more transparent, efficient, and
interoperable world.

Blockchain started in the mind of an unidentified
person or group of people called Satoshi
Nakamoto. Satoshi used this technology to create
Bitcoin, an electronic peer-to-peer payment system
that allows people to own and transfer money
without the permission or control of banks or
governments. Many years ago, it was possible to own
money without a third party interference. Bitcoin is
just like gold, a true store of value. It has limited
supply and no government or bank can inflate the
supply. This is how money should be.

Our ancestors once used gold as money. Gold was
true money. It had intrinsic value, it was a scarce
commodity and a store of value. Paper money was
first issued as a receipt for gold. For every paper
money the government printed, they had the
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