Open Source Crypto
Dynamo coin is an dynamic evolving open-source crypto project which brings together several state-of-the-art technical features to form a unique value proposition along with practical use case opportunties.
The core tenants of Dynamo are consensus governance and economic utility. The primary purpose of Dynamo is to democratize asset transfer by facilitating true peer-to-peer financial transactions in an environment which is governed in a totally decentralized manner by the stakeholders.
This whitepaper is intentionally non-traditional. The purpose is to convey intended features and the value of those features in simple, non-technical terms.
The implementation detail of these features will be more fully stated in the upcoming roadmap update. For example, Dynamo will contain a stateful and deterministic VM. This paper will propose why that is valuable but will not detail the technical theory behind design choices.
KEY FEATURES
Decentralized Governence
All asset holders will have the ability to materially participate in decision making via on-chain voting which will have finality and result in action being taken.
Economics
Monetary policy will be enacted based on the consensus governance mechanisms. Built-in on-chain tools will be available to enact inflationary or deflationary policy. There will be no issuance cap.
Fair Issuance
No-premine, no up-front reserve and no initial dev-fund.
Native P2P self-executing transactions
Native on-chain tools for self-executing financial instruments will be available via a stateful, deterministic, Turing-complete VM (limited only by execution time).
Purpose
Cryptocurrencies are, at their core, software and hardware running a consensus algorithm. However, coins are defined by the people who made them, curated them and maintained them. The ethos of the coin, the soul of the project, is driven by people and their collective values and beliefs.
ASIC resistant POW
The intention for this coin, is to be a long lasting quality project. Contributors are building fundamental tangible value into the core technology so it has diverse practical use cases that ultimately improve lives and better the world.
PURPOSE
Cryptocurrencies are, at their core, software and hardware running a consensus algorithm. However, coins are defined by the people who made them, curated them and maintained them. The ethos of the coin, the soul of the project, is driven by people and their collective values and beliefs.
The ethos of Dynamo is democracy. Crypto is, by its very nature, a democratic instrument – it is designed to transfer financial power from tyrants to individuals. However, many crypto projects are highly centralized, with a small number of people profiting early on from an ICO, pre-mine or the like.
Dynamo creates a framework which allows anyone who is interested to meaningfully contribute to the project and to truly provide native, on-chain, totally decentralized P2P transactions with no intermediary. Dynamo is crypto-democracy.