At STORE, we believe that high throughput, truly decentralized, zero-fee transactions are necessary to achieve global adoption of cryptocurrencies.
We’re designing a consensus protocol called Dynamic Proof of Stake that will combine flexible economic incentives, high levels of on-chain security, credibly low inflation, and a checks and balances-based governance system with a new block production mechanism.
Our crypto-powered Web — WebC — will enable $STORE token owners, merchants and developers to transact fee-free while enjoying economic incentives tied to staking and accepting STORE’s native currency.
1/ We're designing tools for owners to stake and power Storecoin. Also, for Merchants and Developers to sell using$STORE.— Storecoin [$STORE] (@storecoin)September 8, 2018
2/ Storecoin is building an integrated blockchain that secures zero-fee transactions for developers, merchants, & users.— Storecoin [$STORE] (@storecoin)September 8, 2018
The tools to bring$STORE to life will interoperate w/the blockchain using an API-first and two-factor authentication-required approach for all transactions.
3/ We're calling the tools and apps that bring Storecoin to life WebC -- or the zero-fee crypto-powered web.— Storecoin [$STORE] (@storecoin)September 8, 2018
Tools will be brought to life through our Ecosystem Fund. Early adopting apps will be funded by it, too.
Progress is being made on multiple fronts, daily. Here's a look:
5/ Eliminating the transaction fee for app developers and merchants creates profits while incentivizing users to spend (because they will save).pic.twitter.com/8eKzOpvIVI— Storecoin [$STORE] (@storecoin)September 8, 2018