About Platon

About PlatOn PlatON is a next-generation computing architecture PlatON’s mission is to create a computing factory that will allow accessing resources and applications listed as services through an own service marketplace. PlatON architecture will enable to build a next-generation clearinghouse for fast and transparent dispute resolution and protect privacy on an industry-leading level. PlatON’s technology can be used to substantially enhance currently existing authentification, credit reporting, and data transaction applications, create social networks and provide global infrastructure for IoT devices.
The proprietary technology developed by the team in the past few years further reduces the overhead time and resources for the prover by several magnitude turning it into a more practical solution for general trustless computing.
https://www.platon.
Block reward is different from “usage-based payment” in many aspects. For example,
“usage-based payment” redistributes existing tokens from transaction initiators to miners, while
block reward means new token issuance. In most literature, the block reward is referred as
inflation. However, this is inaccurate.
For fiat money, inflation doesn’t mean the growth of the money supply. Rather, inflation means
the rise of the general price level, which is measured by the fiat-money-denominated price of a
basket of goods and services. There exists a close relationship between money supply and
inflation. Milton Friedman, a world-renowned economist and Nobel laureate, once famously
pointed out that inflation is always and everywhere a monetary phenomenon. Inflation rises
whenever too much fiat money chases a limited amount of goods and services. However,
token-denominated economies are still too immature to define a general price index, let alone
token-denominated inflation.
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