Topic: Trestor Foundation (Read 727 times)

We, at Trestor, must apologize in advance because the answer to your questions has been consciously kept ambiguous and slightly philosophical. 

While the whole ecosystem is celebrating the rise of Bitcoin and how Bitcoin 2.0 protocol (whichever wins) is going to bring about second phase of cryptocurrency growth. We think, as a community, we should introspect and watch out for complacency & avoid making Bitcoin a religion of sorts. 

Trestor (T-Net), does not see itself as Bitcoin 2.0 project, Instead we see ourselves as a “Bitcoin 0.5” project. While the whole ecosystem is focused on celebrating promising ideas like smart contracts, we think, as a community, we need to back a protocol which is able to execute "Four fundamental functions of money" to perfection first:

Functions are as follows:

1. Standard of deferred payments
2. Store of value
3. Unit of account
4. Medium of exchange

The only way Trestor can satisfy these 4 functions of money is by executing its mandate correctly:

“Our mission is to create the most efficient Money, Payment and Market system for the world.”

Even before our launch, we have already partnered with over 200 Retail Locations in over 16 countries, the idea is to create a “truly decentralized” and highly accessible “store of value” thereby creating a very functional “medium of exchange” system.

Starting 1st February, we will be adding, 500 independent locations every month to our global Retail Network. These locations would not have any contractual obligation to deliver service, they would deliver the best service because they are systemically incentivised to deliver.

To summarize, We think that most of us have started thinking of protocols like applications, protocols are very very different from applications. 

Mentioned below are some of Trestor's views about cryptocurrency protocol development:

1. Protocols are not apps, adoption is its true disruption (from a protocol's standpoint)
2. Apps are disruptive when they execute certain task better than their closest alternative; protocols are disruptive when they achieve mass adoption (rephrasing our 1st point for more clarity)
3. Efficiency is overrated (from a protocol's standpoint)
4. IPv4 addresses are exhausted but still over 94% of the internet traffic still flows through it despite over 18 years of effort by big multinationals for IPv6 adoption (Reiterating 3rd point)
5. Protocol stability is underrated; would you leave Facebook if you are unable to login for an hour; what if the same thing happens with your money (T-Net transactions)?
6. Simpler protocols with minimal ‘Organisational overhead’ are better positioned to win. At Trestor, the maximum team size (for any autonomous core team) is 7; ie. The team should be able to fit into an SUV, drive to a pizza place and share an XXL pizza for lunch.

We might not have done justice to your excellent question, but we promise to do justice to executing our thought process in coming weeks and months.

Regards,

Trestor Team
www.trestor.org
@trestorconnect

Have you decided on the technical specs yet? ie algorithm, block time, mining reward, max coins etc.

Hello Altcoin Community,

Here is our news coverage in Indian Express. Thought it is appropriate to share here.

http://indianexpress.com/article/technology/social/trestor-to-bring-bitcoin-like-digital-currency-in-india/

You will hear a lot more from us, beginning next year.

Look forward to connecting with you all soon, you guys are awesome!

Trestor Team
www.trestor.org
@trestorconnect