Jibrel Network : Traditional Financial Assets.......

saurabhprabhu (39)in #blockchain • 7 years ago

Jibrel Network

INTRODUCTION AND SOME BASIC INFORMATION ABOUT JIBREL NETWORK –

Introduction with the help of Bitcoin in two thousand nine, blockchains have opened very high value. With this new ideology , we can check and commit transactions in an immutable decentralized ledger, or invested more broadly, achievement of decentralized consensus. The no connection between the traditional and the cryptoeconomy, the same challenges plaguing the former still persist in the latter. Customers wishing to transfer traditional token between one another still face to the time sometime late and fees imposed by relying on a mixture of cryptocurrency token Exchanges, traditional financial institutions, as well as payment related processes. The total risks are compounded further by the fact that Online currencies play a big role, they are used to reward miners for facilitating transactions; as a means of transforming value; as a speculative investment gadget; and most recently, to crowdfund and go towards decentralized organizations and performance . For example decentralized computer and etc. The different tools are used for these subject and are regulated accordingly. This helps manage systemic risk. Upto decentralized regulatory consensus protocols are totally forming out, the cryptoeconomy faces security and fraud case risk, in the form of unregulated tokens; marketing risks, resulting from fully volatile currencies that are used above their architectured reasons and systemic risks starting from crowdfunds stored in volatile online currencies and subsequently closed into smart development. This shows the limitations and challenges of the todays environment and proposes an way that leverages existing structure to gives a result for all stakeholders.

JIBREL NETWORK IMPLEMENTATION AND WORK –

1)ETHEREUM BLOCKCHAIN -

The blockchain which selected must decouple mining rewards and the underlying transaction with the participants of the system. For this only , Ethereum is well devoloped toform the base of jibrel’s underlying architectural constructions. Mining rewards will be in the type of Ethereum ‘gas’, while any tethered token will not be branch of the mining construction.

2)CRYPTO DEPOSITORY RECEIPTS –

Crypto depository receipts tethered value that present ownership on an underlying traditional asset held by jibrel developers . In this paper, they are indicate as jAsset . On showing, jibrel will support six different currency tokens and two money market tools, with plans to adding extra financial equipment in the future days.

3)JIBREL NETWORK TOKEN EXCHANGE-

While nonfiat portals charged offline fees in fiatcurrencies, the JDB’s onchain fees and commissions will be levied in the type of Jibrel Network Tokens (JNT). Jibrel token networks will be listed on ERC20 compatible exchanges.

SERIOUS ROLE IN JIBREL NETWORK TOKEN -

A key trading of the Jibrel Network is that all CryDRs must remaining tethered to an underlying asset. In order tthis, offchain assets must first be securitized, which is why a token exchange currency is required. Both to transactions with this network, as well as facilitate the value offchain fees. This currency (for example bitcoins ) is not suitable as the value movements of these currencies are not related to utility in the Jibrel Network. This disconnect imposes market and credit risk. In summation of the Jibrel Network aims to gives a dedicated chain in the upcoming days , a dedicated value will be required to facilitate a seamless migration project .

FULLY DECENTRALIZED OPERATIONS –

In the to medium term, offchain facilities will be Required to undertaken the necessary legal and financial due diligence to convert physical assets to online assets. In all the BOD members will be required to oversee the JDB to ensure full transparency and regulatory compliance. In the long term, it is considered that regulation will evolve to facilitate on chain verification of asset ownership, enabling jibrel to become a decentralized self company.