The blue (wtf?) paper is really confusing. Is this a bitcoin fork? What is the marketplace? The coin?!?!!? This blue paper reads like shit
blue paper?? = A blue paper sets out technical specifications of a technology or item of equipment.
While the Safex Blockchain could be a “vanilla” cryptocurrency and blockchain, the
further progression of Safex is to establish a decentralized marketplace. Therefore, this document outlines the beta phase of the
development cycle. This blue paper outlines the foundation on which the Safex Development team will build upon.
fork? no!The migration of Safex from the Bitcoin Blockchain into the Safex Blockchain
marks the start of the Safex Blockchain.All Safex Tokens that are on the Bitcoin
Blockchain will be passed through a one way burn function and credited on the Safex
Blockchain and will forever only exist on the newly established Safex Blockchain.
marketplace??The main value proposition of the SafexBlockchain is its embedded marketplace. The
world has found that cryptocurrencies arehighly effective for making international payments and purchases (Nakamoto, 2008).
However, there are many shortcomings due to offsite clearing of the payments.
Safex Blockchain addresses this by providing a fully functional marketplace mechanism where people are capable of offering their
goods or services directly on the Blockchain and all payment clearing and processing takes place atomically via blockchain transactions.
There are a number of advantages to such a system:
1. No longer do people need to host complex services to provide purchasing
mechanisms for cryptocurrencies.
2. The advancement permits fewer risks inservice breach that leads to theft and
compromised payment systems involving cryptocurrencies. Safex Marketplace eliminates the web server altogether
because all payment and clearing is carried out cryptographically over a decentralized network.
3. Discovery of trading partners becomes more efficient so that you can find products and services readily.
The Safex marketplace is a collection of markets and sale listings. People can interact with the marketplace term agreements.
Within a term agreement are the parameters by which a transaction will be fulfilled. Among the attributes include: arbitration, escrow, digital
receipts, timestamp proofs, cash on delivery. The possibilities of expanded data structures of a CryptoNote Transaction allows the
network to implement various advancements in
utility (Werner, 2012).
if you cant understand this your reading is shit.