MIR Token price

MIR

#3796

Today, as in the past, financial transactions in the banking system face enormous difficulties, including systemic segmentation and isolation, high transfer fees, and the unavailability of liquidity in certain amounts and among banks. Even more so now, since Covid-19, it has become increasingly common to use digital transaction methods. Thus, the most digitalized banks are more and more solicited and efficient with three details: Transactions from one bank to another take a lot of time, they are costly and sometimes when they drag on, it is almost impossible to track the level of evolution of the transaction, both for the Sender and the Reciever. All this is even worse when it comes to Africa.

One of the main difficulties, which central banks will face when they finally decide to start using it, is the progressive weighting of Blockchain over time. Indeed, it turns out that the more Blockchains are solicited, the heavier they become over time. This is the case of the Bitcoin blockchain, whose speed of issuance has been considerably reduced over the past ten years. Not to mention its mining costs, which have become increasingly insignificant, for increasingly complex algorithms. Also other Blockchain models have emerged, offering a total mining, but suffering quite quickly the same problem of weighting in the medium term. All this does not serve the banking sector any more at the moment when it decides to tackle it.

MIR is a Token to fund the future of Blockchain, an optimization model of two types: Blockchains that will be able to carry billions of transactions per day without the constraint of reduced performance, thanks to new types of servers already in development.

Algorithms that reverse the weighting of Blockchain, thanks to new types of encodings and language of micro compression of information on Blockchain.

All the results of this work will be primarily dedicated to the banking sector and made available to them in open source. Then, they will be able to be used by Blockchain operators worldwide, while revolutionizing what today seems to be a global innovation, the Blockchain itself. Thus the two solutions, new types of powerful servers combined with the new micro-compression language, will give us access to a Blockchain 100 times more powerful than anything we know today. This will give Africa via Russia a stroke of genius on the world, in a partnership that will make them the first users with closed ears. Blockchain solves the three primary problems of the banking sector, namely the slowness of operations, progressive and instantaneous nontraceability, and very expensive transfer fees. However, the Blockchain itself has another problem, is that the more users there are, the heavier it gets.

Two solutions are possible: Create a new language for microcompression of information on the Blockchain to reverse the weighting process.

Develop server solutions 100 times more powerful than those available and at average market costs.

MIR will finance this work and make available to the banking system the first models of a supreme open source Blockchain, via R3, Corda and Ripple..

Blockchain solves the three primary problems of the banking sector, namely the slowness of operations, progressive and instantaneous nontraceability, and very expensive transfer fees. However, the Blockchain itself has another problem, is that the more users there are, the heavier it gets.