Bitnation: new concept of global interaction on the blockchain

in #ico6 years ago

Bitnation eng top.PNG

Bitnation: this project is not about immediate goals, but about far-reaching consequences.
Bitnation is an entity, a voluntary association of people based on a community of interests, goals, and any other that can connect them. Digital nations exist on the specially created platform Pangea. The task of the project is to allow people to get out of the dictates of state machines and become free.

The degree of technological study of the project inspires respect. The team has done a very serious job. The project exists since 2014. Starting in 2015 three versions of MVP were released all of which used different protocols.

There are dispute resolution and cooperation are encouraged in Pangea, not conflicts.
Pangea is a software platform for creating bit-nations.

Bitnation is a decentralized community with voluntary participation that does not have boundaries (DBVN). The concept of "DBVN-nation" arose by analogy with the DAO (Decentralized Autonomous Organization).

A nation is a large group of people united by common interests or goals. A nation is a voluntary formation (as opposed to a state).

DBVN-nations unite people and provide their services beyond any framework and limitations, be it geography, race, ethnicity, nationality, religion, and so on.

DBVN-nations do not use coercion, deception or violence, do not attract their citizens to servitude, labor service, debt dependence or slavery against their will. They basically exclude harassment, intimidation, repression, and other forms of systemic violence. DBVN-nations compete in free-market conditions, that is customers ("citizens" of the platform) voluntarily choose which bit-nation services to use. This implies the possibility of using membership in several DBVN-nations or creating your own bit-nation.

Pangea is built on the Ethereum platform. But this is not a matter of principle, it can go to any blockchain system that will prove more efficient for the tasks being solved by the system.

The project uses the Panthalassa network built using Secure Scuttlebutt (SSB) and Interplanetary File System (IPFS) protocols. Due to this Pangea has the necessary level of fault tolerance and security.

In contrast to the vast majority of other projects Pangea uses several types of tokens. All of them can be divided into two types: tradable and non-tradable.

Tradable is a PAT token conforming to the ERC-20 standard. In another way it is called the Arbitration Token. PAT was developed specifically to reward the successful implementation of contractual agreements on the Pangea platform. This token is not a currency although it will be traded on crypto-exchanges. PAT also regulates three non-tradable reputational tokens each of which has its own functions and attributes:

  • the confirmation of the agreement token (POA) for citizens and arbitrators - it is charged for the creation and execution of smart-contracts;
  • the collectiveness confirmation token (POC) for DBVN-nations, user groups, and management services - it is accrued on the basis of user satisfaction with the results of the creation and performance of a collective contract;
  • the legality confirmation token (PON) for contracts, laws, and legal codes - it is charged for their compliance with the needs of users.

Thus, the system has a reputation that is encouraged by charging tokens which can be converted to fiat on crypto-exchanges. But this is not the main thing, the main thing is that thanks to this rating the most useful laws, legal norms, and smart-contracts will be promoted.

To independently charge tokens on the Pangea platform an artificial intelligence system is used - the Lucy bot. It is initially run on Ethereum as a smart-contract. This mechanism is neutral with respect to the blockchain, it can be transferred to any functioning platform for the processing of intellectual contracts.

Another entity Pangea is Oracle - it is facilitates the implementation of the described semi-autonomous mechanism of distribution in a decentralized and safe way.

On the Pangea platform participants can:

  • create their own bit-nations;
  • join any other (even several);
  • create a peer-to-peer relationship with other citizens or nations;
  • receive legal, notarial, and arbitration support;
  • choose lawyers (notaries, arbitrators) at their own discretion (for example, relying on their rating);
  • choose the laws that apply to personal property and personal security by joining the DBVN-nation that complies with these laws;
  • create your own laws.

The Pangea platform is launched for citizens as an application on a smartphone.
Pangea software has open source code and allows anyone to create their own platform or write an application for an existing version.

To learn more about the details of this project as well as to participate in the purchase of platform tokens visit the official website https://bitnation.co/
The official group in Telegram: https://t.me/PangeaBitnation
Also, you can find a lot of useful information on the bitcointalk forum (ANN thread): https://bitcointalk.org/index.php?topic=2290580.0

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