Monet - mobile ad hoc blockchains

MONET is designed to solve issues of decentralization and scalability. Based on a powerful consensus system, Babble, with ad hoc blockchains MONET can process thousands of transactions per second with near instant finality. Since blockchains are ephemeral, any off-shelf device can participate in the blockchain. The result is no middlemen fees, no centralization risks, no sluggish blockchain speed and no cost compromise.

STO/ICO Status

Status
Ongoing
Symbol
TENOM
Start Date
2019-07-15
End Date
2019-09-27
Hard Cap
6,160,000 CHF
Initial Price
1 TENOM = 1.54 CHF
Token Supply
4,000,000
STO/ICO Website Owner of Monet?
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Basics

PlatformSeparate blockchain
TypeOwn
AcceptingETH, CHF, USD
Circulating Supply40%
KYCN/A
Restricted AreasN/A
HomepageWebsite URL
White PaperView/Download

About

The peer-to-peer economy, where individuals are both consumers and providers of goods and services, is paradoxically built on centralized client-server infrastructure. Attempts at moving these services on public blockchains, to mitigate the trust factor, are very inefficient because they require every node, across the world, to process everybody’s commands. Part of the problem can be addressed by designing more efficient consensus protocols, but the idea of implementing localized services on a global public network is fundamentally flawed. We suggest a system, based on mobile ad hoc blockchains, whereby groups of people involved in any task or activity can effectively form temporary networks, with their mobile devices, and coordinate themselves without delegating full responsibility to trusted third parties. Users only connect to people they need to be connected to, based on service and location, for the duration of their interaction. The system initially relies on Babble, a consensus module suitable for mobile deployments, and the MONET Hub, a public blockchain providing infrastructure services.

Team View All

Mauro Martino
Mauro Martino
Mark Stuart Day
Mark Stuart Day
Abdi Hersi
Abdi Hersi
Martin Arrivets
Martin Arrivets
CTO of Mosaic Networks. Software developer in Blockchain and Telecommunications. Creator of Babble and EVM-Babble
Giacomo Puri Purini
Giacomo Puri Purini
Co-founder and CEO of Mosaic Networks. Entrepreneur with successful exit. Worked closely with VC funds in the Boston area.
Kevin Jones
Kevin Jones
Software Developer at Mosaic Networks. Blockchain developer with experience in Radar Signal Processing.