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Why Solana and what is Blockchain?
Discussions on a new round in the
development of the Clones World - the implementation of Token Government - have
continued at the forum. From the developers posts we learned that the tokens
will be created in the Solana blockchain. What is Solana, good or bad - we'll
deal with that.
Solana is a world top-10 blockchain
Wait! What’s a blockchain?
In simple terms, a blockchain is a chain
of blocks with information that you can’t change or fake. It is impossible,
because the information is stored not in any specific computer, but thousands
of its copies «smeared» all over the Internet, and for the safety of each copy
is responsible a separate «node». If you attempt to falsify data on any node
(or even several at once), it will be rejected as unreliable. And it’s
physically impossible to falsify all the nodes at the same time.
You can store any
data in the blockchain, but it usually stores financial information - a list of
all wallets, their balance, and the entire history of transactions since the
start of the blockchain.
Blockchain is open, anyone can see how
much cryptocurrency is in each wallet, from and where the transfers were. But
there’s no record of who these wallets belong to on the blockchain, and all the
wallets are initially anonymous.
On the one hand, it’s a plus because no
one wants outsiders to see how much money they have and to whom you transfer
it. On the other hand, this anonymity opens up opportunities for financial and
tax crimes, and for that reason the cryptocurrency market is constantly
«pressed» by the governments of many countries. And also - if you lose «keys»
from your wallet (you can name their login and password) - then restore them to
you no one will help. Control over your money only in your hands.
More about Solana’s blockchain and its
pros and cons will be described in the next article.
As I wrote in a previous article, a token can act as a
stock or a bond and give the right to receive dividends.
But the Central African Republic decided to use tokens
differently. They tokenize the natural resources of their country.
State-issued digital tokens will serve to certify
rights to a real asset, such as a coal or precious metal deposits. Africans
have something to tokenize: the country is rich in deposits of diamonds,
uranium, gold and oil.
Tokens in this case are contracts placed on the
blockchain (also known as smart contracts). It contains all conditions - who
owns asset, for how long, etc. Smart contracts are available for everyone to
review, i.e. the system is completely transparent - everyone can see who bought
asset, at what price and how owner fulfills his obligations under the contract.
It is important that the token cannot be forged, unlike ordinary documents and
Looking at the experience of Africa, it is easy to
draw parallels with the World of Clones - land deeds, mines, hunting grounds
and much more can be tokenized and receive free circulation among players.
The news about the
appearance of "government tokens" in the World of Clones inspired the
players. While we do not know the details about the implementation of tokens in
the game, let's see how tokens are applied in other areas of life.
Here is a good example from Germany.
There, entrepreneurs decided to combine their love for beer and love for
They decided to open the world's first
decentralized brewery. This means that it will be owned and managed by the
owners of special crypto-tokens - NFTs. These people can be citizens of any
country and live anywhere in the world - there are no borders for cryptocurrencies.
Tokens will replace the usual shares. They will give the holders a share in the
co-ownership of a real German brewery and beer business, as well as the right
to vote in key business decisions - what beer to brew, where to sell, at what
price, etc. And yet - the right to 100 free mugs of beer a year.
Of course, the owner of the token can
always sell or donate it, thereby transferring the rights to the new owner. I
think tokens in the World of Clones will be implemented in a similar way.