Storecoin will transform data into cryptocurrency (into datacoins).
Coordinated by a governance of checks and balances.
KYC/AML checks are required for securities law compliance. This will be a Reg D and Reg S global offering.
*For live networks, decentralization is based on current status, not future goals
*Inspired by research from Tom Shaughnessy and Delphi Digital
*View data used in the graphic at http://storecoin.com/compare
(per transaction fees)
(transactions per second)
|*Estimates based upon our current R&D.||<100 milliseconds*Dependent upon the incoming transaction rate and parallelism achieved.||Zero-Fee for Users and DevelopersPaid for with up to 2% yearly token inflation, or a maximum of 20 Million $STORE per year.|
|10 mins||$0.04 to $0.50+||2-6 TPS+10000 active Miners|
|13-15 secs||$0.04 to $0.33+||15-20 TPS+10,000 active Miners|
|2.63 mins||$0.39 to $0.58+||28 TPS+4,800 active Masternodes|
|*Claims from whitepaper and blog posts||0.5 secs||Zero-Fee for dApp Users but Developers Must StakePaid for with 5% yearly token inflation. Developers must buy and stake tokens to enable free transaction (a SaaS model)||No data available, 50,000 claimed21 maximum Block Producers|
|2-4 secs||0.00001 XRPEquivalent to a fraction of a penny||1,500 TPS70+ Validators|
|*Claims from whitepaper and blog posts||20 secs||~0.15 ADAEquivalent to $0.035 USD||250 TPSNo data available for decentralization|
|3-5 secs||Fraction of a pennyFees go into a pool that is distributed back to the community via inflation spending||1,000 TPS64 Validators|
|*Claims from whitepaper and blog posts||60 secs||Fees can be optional but can expedite the transaction speed||40 TPS64 Validators|
|15-24 secs||Free for basic transactionsUndetermined fees for smart contact-based transactions||1,000 TPS7 hard-coded Validators|
(per transaction fee)
(transactions per second)
|*Estimates based upon our current R&D.||<100 milliseconds*Dependent upon the incoming transaction rate and parallelism achieved.||Zero-Fee for Developers and UsersPaid for with up to 2% yearly token inflation, or a maximum of 20 Million $STORE.|
|Swipe Card: < 2 secs|
Chip Card: < 5 secs
|$0.10 plus a 1.51% of transaction fee||Up to 24,000 TPS-5,000 TPS is generally believed for VISA1,600 network endpoints|
|Less than 2 seconds for PayPal but 3-5 days for banks to process||$0.30 plus %2.9, varies for foreign payments||450 TPSCentralized servers hosted by PayPal|
|Near Instant||2.9% + $0.30 for each successful card charge||20 TPS (rate-limited by Stripe)Likely near-instant payments|
|A few minutes to a few days||10% for small transactions|
1% for larger transactions
|30 TPSCentralized servers hosted by Western Union 500,000+ locations|
|1 to 5 days||$15-$35 for Domestic|
$15-$45 for International
|350 TPSProvides communication for 10,000,000+ institutions|
The Storecoin project is laser-focused first on securing its zero-fee settlement layer. Our team is researching and building this scalable and decentralized zero-fee payments infrastructure now.
As security with scalability is proven, Storecoin will open up miner (dWorker) participation to anyone in the world. From there, the secure settlement layer can evolve into a p2p cloud platform for the decentralization of data and the creation of new, zero-fee tokenized apps (tApps).
The era of zero-fee, p2p computing with datacoins will be born.
Throughout this evolution, Storecoin’s governance moves from informal (but present), to semi-formal with voting, to fully ratified and formal.
Once ratified – estimated to be between 2021-2022 – Storecoin will be fully decentralized.
|Release Age||Type||Est. Launch Date||# of dWorkers (miners)||**Est. cost to run a node (annual)||***Est. Yield||****Security Budget / *****Inflationary Rewards (yearly)||Path to Decentralization (governance)|
|Genesis||R&D with public peer reviews||May 2017 to Q4 2019||None: R&D||None: R&D||None: R&D||None: R&D||8-year vesting on founders; milestone- based token sales-only; a 6-month public peer review on our governance proposal; Storecoin joins the Messari registry for public disclosures on Treasury; a long-term Treasury Schedule is released allowing for predictable maximum yearly emissions; all decisions are made by Storecoin, Inc. but the public peer review network acts as a check and balance on changes.|
Storecoin open sources its economic model projections for each launch phase – from its zero-fee settlement layer to its zero-fee computing platform. These models account for dWorker costs of hardware, compute, data storage, internet connectivity, load balancers, firewall, and more. The models back into potential break-even requirements and potential gross profits for dWorkers which are derived from the Yield – the annualized tokens earned relative to the estimated dWorker stake size and the active security budget for the blockchain.
* To build your own Yield models, start at http://storecoin.com/stakingeconomics
|Apr 2019 Source||Storecoin launches its Research Division releasing specs on its address schema, its staking economics, and compares BlockFin to other consensus algorithms like Tendermint; 40% of the current STORE circulating supply indicates interest in staking Storecoin||Source|
|Mar 2019 Source||Storecoin releases its long-term plans for a zero-fee, p2p cloud computing platform with data-backed tokens (datacoins)||Source|
|Feb 2019 Source||Storecoin joins the Messari Disclosure Registry; commits to fixed and long-term emission schedules for its treasury; the first simulation of our BlockFin BFT consensus algorithm is released||Source|
|Jan 2019 Source||The governance peer review mailing list grows to 70+||Source|
|Dec 2018 Source||Storecoin releases the first version of its zero-fee computing platform for internal peer review||Source|
|Nov 2018 Source||Storecoin releases its governance of checks and balances for public peer review||Source|
|Oct 2018 Source||First version of the Storecoin Wallet is released||Source|
|Aug 2018 Source||Community members are wearing $STORE tees in 56+ countries and our Telegram grows to 2,000+||Source|
|Jul 2018 Source||Storecoin releases a new inflation plan to be in alignment with sound money of gold and BTC||Source|
|Jun 2018 Source||Testing on BlockFin grows to 220 validator nodes and 40 message nodes||Source|
|Apr 2018 Source||Storecoin’s consensus engine BlockFin becomes patent pending as to prevent malicious hard forks||Source|
|Mar 2018 Source||Storecoin pushes the Tendermint consensus to 169,00 transactions per second with 8 nodes||Source|
|Jan 2018 Source||Storecoin’s second milestone-based sale ends, adding 200+ wallets and $1.3 MM of Treasury||Source|
See our engineering roadmap here
See all at http://storecoin.com/cloud
See all at http://storecoin.com/essays
See all at https://research.storecoin.com/blockfin
See all at http://storecoin.com/governance
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Nothing herein is intended to be an offer to sell or solicitation of offer to buy, Storecoin tokens or rights to receive Storecoin tokens in the future. In the event that Storecoin conducts an offering of Storecoin tokens (or rights to receive Storecoin tokens in the future), Storecoin will do so in compliance with all applicable laws which may include the Securities Act of 1933 and the rules and regulations promulgated thereunder, as well as applicable state and foreign law. Any offering for sale to US Persons in a regulated transaction will be pursuant to a registration statement qualified by the Securities and Exchange Commission, or an applicable exemption from the registration requirements.