The gold standard was facilitated through a few key mechanisms: Fixed Exchange Rates: Under the gold standard, countries agreed to maintain a fixed exchange rate between their currency and gold. This meant that the value of a country’s currency was directly linked to a specific amount of gold. Governments would buy or sell gold to ensure that the exchange rate remained stable. Gold Reserves: To support the fixed exchange rate, countries needed to hold a sufficient amount of gold reserves. These reserves served as a backing for the currency and provided confidence to both domestic and international investors. Central banks would hold gold reserves to ensure they could redeem their currency for gold when necessary. Convertibility: Convertibility was a crucial aspect of the gold standard. It meant that individuals and businesses could exchange their currency for gold at the fixed exchange rate. This allowed for the free flow of gold and currency, promoting international trade and investment. International Cooperation: The gold standard required coordination and cooperation among countries. They needed to agree on common exchange rates and maintain a stable supply of gold. This was often facilitated through international agreements, such as the Genoa Conference in 1922 and the Bretton Woods system in 1944. Overall, the gold standard was facilitated by the commitment of countries to maintain fixed exchange rates, hold sufficient gold reserves, and ensure the convertibility of their currency into gold. These mechanisms helped establish stability and confidence in the monetary system, promoting global economic interactions.

The gold standard is a monetary system in which the value of a country’s currency is directly linked to a specific amount of gold. Under this system, each unit of currency is convertible into a fixed amount of gold, and vice versa. The gold standard was widely used in the 19th and early 20th centuries as a basis for establishing exchange rates between different currencies. The origins of the gold standard can be traced back to ancient times when gold was recognized as a valuable and widely accepted medium of exchange. However, it became more formalized during the 19th century. The United Kingdom played a significant role in establishing the modern gold standard in 1821, when it adopted gold as the official standard for its currency, the pound sterling. Other countries, such as the United States, followed suit and adopted their versions of the gold standard. The gold standard was based on the idea that a country’s currency should have a fixed value based on a specific amount of gold. This meant that the supply of money in the economy was directly linked to the amount of gold held by the country’s central bank. Governments were required to maintain a fixed exchange rate between their currency and gold, and they had to be ready to buy or sell gold at that fixed rate to stabilize the value of their currency. The gold standard had several advantages. It provided stability and confidence in the currency, as the value was backed by a tangible asset. It also helped to promote international trade and investment, as it facilitated the exchange of currencies at fixed rates. However, the gold standard also had limitations. The supply of money was restricted by the available gold reserves, which limited the ability of governments to respond to economic fluctuations and implement monetary policies. It also required countries to maintain a sufficient gold reserve, which could be challenging and costly. The gold standard began to decline during the early 20th century, particularly after World War I. Economic pressures and the need for increased flexibility in monetary policy led countries to abandon the gold standard. The system was officially abandoned by the United States in 1971, when it stopped converting dollars into gold. Today, the gold standard is no longer in use, as most countries have adopted fiat currencies, which are not backed by any specific physical asset.

DeFi, short for Decentralized Finance, refers to a set of financial applications and platforms built on blockchain technology that aim to provide traditional financial services, such as lending, borrowing, and trading, without intermediaries like banks or brokers. These platforms often utilize smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. A Hyper-Barter Exchange is a type of DeFi platform that facilitates peer-to-peer trading or bartering of assets without the need for a traditional order book. Instead, users can directly trade assets with each other, often using an automated market maker (AMM) model. If the currency used on a Hyper-Barter Exchange is a multichain DeFi token based on the Ethereum Mainnet, it can benefit from the widespread adoption and network effects of the Ethereum ecosystem. Ethereum is the most prominent blockchain platform for DeFi applications, offering a wide range of tools, infrastructure, and user base. This can provide greater liquidity and accessibility for the token, attracting more traders and investors to the Hyper-Barter Exchange. Uniswap is a well-known decentralized exchange (DEX) and a popular example of an AMM. Its V3 LPS (Liquidity Provider Shares) enable liquidity providers to stake their assets into multiple liquidity pools and earn fees in return. If a Hyper-Barter Exchange like HYBX integrates with Uniswap, it can leverage the liquidity and trading volume of Uniswap’s ecosystem. This means that HYBX token holders can provide liquidity to Uniswap’s pools and earn fees, while also benefiting from the potential trading activity generated by the Hyper-Barter community. In summary, a Hyper-Barter Exchange built on a multichain DeFi token based on the Ethereum Mainnet can leverage the benefits of the Ethereum ecosystem, including widespread adoption, infrastructure, and liquidity. Integrating with platforms like Uniswap can further enhance the trading experience and potential for liquidity provision.

Web3 is a term used to describe the next generation of the internet, which aims to decentralize power and control from centralized authorities and give more autonomy to individuals. It is based on blockchain technology and focuses on creating a more transparent, secure, and privacy-centric online environment. Web3 enhances ecommerce in several ways: Decentralization: Web3 enables peer-to-peer transactions without the need for intermediaries like banks or payment processors. This reduces transaction fees, eliminates the risk of fraud, and allows for direct ownership and control of digital assets. Trust and Transparency: With blockchain technology, all transactions and data are recorded on a public ledger, ensuring transparency and trust among participants. This can help combat issues like counterfeiting, fraud, and data manipulation in ecommerce. Smart Contracts: Web3 facilitates the use of smart contracts, which are self-executing contracts with predefined rules and conditions. These contracts automate various aspects of ecommerce, such as payment processing, order fulfillment, and dispute resolution, thereby reducing the need for intermediaries and streamlining the overall process. Tokenization: Web3 enables the creation and exchange of digital tokens, representing ownership or access rights to various assets. This allows for new business models, such as tokenized loyalty programs fractional ownership of assets, and incentivizing user participation. Enhanced Privacy: Web prioritizes user privacy by giving individuals control over their own data. Users can choose what information to share and with whom, reducing the risks of data breaches and unauthorized access. Improved User Experience: Web3 offers a personalized and seamless user experience by leveraging decentralized identity solutions. Users can have a single digital identity across multiple platforms, eliminating the need for repetitive account creation and login processes. Overall, Web3 revolutionizes ecommerce by transforming the way transactions are conducted, enhancing security and privacy, and empowering individuals with greater control over their digital assets and data.

KYCs, or Know Your Customer, are important for several reasons: Compliance with regulations: KYC processes are essential for businesses to comply with anti-money laundering (AML), counter-terrorism financing (CTF), and other regulatory requirements. KYC helps prevent illegal activities such as money laundering, fraud, and terrorist financing. Risk management: KYCs enable organizations to assess the risk associated with a customer or client. By gathering information about their identity, financial history, and other relevant details, businesses can evaluate the potential risk of engaging in a relationship with that individual or entity. Fraud prevention: KYCs help in verifying the identity of customers, ensuring they are who they claim to be. This helps prevent identity theft, impersonation, and other fraudulent activities. Enhanced security: KYCs provide an additional layer of security by confirming the identity of customers. This helps protect businesses and their customers from cybercrimes and unauthorized access to sensitive information. Reputation and trust: Implementing effective KYC processes enhances the reputation and trustworthiness of businesses. By demonstrating a commitment to due diligence and compliance, organizations can attract and retain customers who value security and transparency. Financial institutions’ obligations: Banks and other financial institutions are legally required to conduct KYC processes as part of their risk management and regulatory obligations. Failure to comply with these requirements can lead to significant penalties and reputational damage. Overall, KYCs are important for mitigating risks, complying with regulations, preventing fraud, and maintaining the integrity and security of business relationships.

HYBX Token - is used in the same way as a promissory note in traditional business. How? The HYBX token is built to acknowledge the value of gold you are holding in 11::11. Alltra have created an issuance protocol and user interface (UI) that allows 11::11 owners to receive an issuance of HYBX tokens every time they purchase or increase their balance of 11::11. HYBX tokens can then be used to trade with and participate in the greater crypto market. It also has the added benefit of Alltra Dollars. What is Hyper-Barter Exchange? The Hyper-Barter Exchange is a decentralized marketplace platform where users can buy and sell goods and services using the function of the HYBX token. As a cross chain token on Alltra Chain, the platform utilizes smart contract technology to enable secure, transparent, and decentralized transactions and interactions between buyers and sellers. A powerful App and Business directory platform that provides a user-friendly marketplace and business marketing system for the community to thrive in.

There are several reasons why blockchain technology is gaining popularity and being adopted across various industries: Decentralization: Blockchain operates on a decentralized network, meaning no single authority or organization has control over the entire system. This makes it more resistant to censorship, manipulation, and fraud. Security: Blockchain uses cryptographic techniques to secure transactions and data. Once a transaction is recorded on the blockchain, it is nearly impossible to alter or tamper with it, making it highly secure. Transparency: Every transaction recorded on the blockchain is visible to all participants in the network. This transparency helps to build trust as it allows for the verification and validation of transactions by multiple parties. Efficiency and Cost Reduction: Blockchain eliminates the need for intermediaries in many processes, reducing costs, and increasing efficiency. It enables real-time settlement, eliminates paperwork, and automates processes, leading to faster and more streamlined operations. Immutable Records: Once a transaction or data is recorded on the blockchain, it cannot be changed or deleted. This feature provides a transparent and auditable history of all transactions, making it useful for industries like supply chain management, finance, and healthcare. Trust and Disintermediation: Blockchain technology allows parties to interact directly with each other without the need for intermediaries such as banks, brokers, or other third parties. This reduces the reliance on trust in traditional systems and enables peer-to-peer transactions. Potential for Innovation: Blockchain has the potential to revolutionize various industries by enabling new business models and applications. It has already been applied in areas like decentralized finance (DeFi), digital identity management, supply chain tracking, smart contracts, and more. However, it’s important to note that blockchain is not a solution for every problem and has its limitations, such as scalability issues, energy consumption, and regulatory challenges.

DPoS (Delegated Proof of Stake) is a consensus algorithm used in blockchain networks. It is a variation of the Proof of Stake (PoS) consensus mechanism. In DPoS, token holders of a blockchain network can delegate their voting power to a select number of trusted entities called “delegates” or “witnesses.” The main purpose of DPoS is to provide a more efficient and scalable consensus mechanism compared to traditional PoS or Proof of Work (PoW) algorithms. Here are some key features and benefits of DPoS: Speed and Scalability: DPoS enables faster block confirmation times and higher transaction throughput compared to PoW or PoS. Delegates are responsible for validating transactions and producing new blocks, which allows for quicker consensus. Decentralization: While DPoS involves a limited number of delegates, they are elected by token holders through voting. This democratic process ensures a level of decentralization, as the elected delegates represent the interests of the community. Energy Efficiency: DPoS requires significantly less energy consumption compared to PoW algorithms, as there is no resource-intensive mining involved. Security: DPoS provides a high level of security through regular block verification by elected delegates. The voting system and reputation-based mechanism incentivize delegates to act honestly, as they can be removed from their position if they behave maliciously. Flexibility: DPoS allows token holders to change their vote and delegate their voting power to different delegates at any time. This provides flexibility and adaptability to the network’s changing dynamics. Despite its benefits, DPoS has faced some criticisms. One concern is that it may lead to centralization of power, as a limited number of delegates control the network. Additionally, there have been cases of collusion among delegates, potentially compromising the security and decentralization aspects of the protocol. Overall, DPoS is a consensus protocol that aims to provide a balance between decentralization, scalability, and security in blockchain networks.

11::11 Coin is a Tuley redeemable gold-backed Crypto token that holds immense value in the digital realm. What sets it apart from other cryptocurrencies is its unique proposition - each 11::11 Coin is equal to 1/1000 of 1 Oz of fine gold. This means that it combines the stability and security of gold with the convenience and flexibility of a digital asset. The concept behind 11::11 Coin is to bridge the gap between the traditional world of precious metals and the rapidly evolving world of digital currencies. By anchoring its value to gold, it provides a tangible asset that backs its worth and offers investors the opportunity to diversify their portfolios without sacrificing stability. The advantages of 11::11 Coin extend beyond its gold-backed nature. It utilizes blockchain technology, ensuring transparency, security, and efficiency in every transaction. Additionally, its Tuley redemption feature allows holders to redeem their tokens for physical gold if desired, adding an extra layer of flexibility and peace of mind. With the increasing interest in cryptocurrencies and the growing demand for stability in the digital asset space, 11::11 Coin has garnered significant attention. It opens up exciting possibilities for both seasoned investors and newcomers looking to explore the world of cryptocurrencies without compromising on the security and reliability of traditional assets.

ALLTRA Coin, the native coin of the ALLTRA SmartChain, is a cryptocurrency that aims to create a decentralized economy by connecting various sectors of the economy on a single platform. It aims to provide a seamless experience for users to transact, invest, and participate in different aspects of the economy such as ecommerce and Real estate. ALLTRA Coin aims to leverage blockchain technology to provide transparency, security, and efficiency in financial transactions. It also aims to empower users by giving them control over their digital assets and providing them with opportunities for growth and wealth creation.

Alltra is a fully developed, EVM based, independent blockchain ecosystem, having their own coins, tokens, marketplace, projects, and exchange all hosted on the Alltra Chain Network (Alltra Chain). It enables users to buy, sell, swap, and develop. Alltra’s coins and tokens comprise the gold-backed, hard-tethered stable coin 11::11, the Hyper-Barter Exchange (HYBX) Token, the ALL Coin, and the Alltra Dollar Coin (Alltra Dollar). The Alltra coins and tokens are already in use across multiple exchanges. They are all designed specifically to complete the ecosystem, amongst others to stimulate commerce, advancements in DeFi, maximising usage of Alltra Chain, promoting business marketing efficiencies, and developing projects. Why Alltra Chain? Through many years of experience, we became frustrated with the cost of building and transacting (e.g., gas fees) on the Ethereum and Bitcoin networks. We decided to launch our own network and move the whole project over to it. In the end we settled on the Delegated Proof of Stake (DPoS) consensus, due to its low energy usage, very high transactions per second (TPS) rate, as well as the rewards and compensation protocol that can exist. Alltra Chain Protocol: Alltra Chain uses the DPoS mechanism to elect a validator. Thus, this constant election of validators keeps the blockchain safe from any malicious activity. There is delegation through staking with validators. Those users who choose to stake, are referred to as ‘delegators.’ A delegator is free to choose any validator (or validators) and stake any amount of coin with them to participate. The most convenient way to delegate coin to a validator is via a chain staking platform. ALLTRA Chain is a decentralized EVM-compatible public blockchain that powers the blockchain platform and ecosystem. It is fully compatible with Ethereum, meaning that any smart contract that can be deployed on the latter can also run on top of Alltra Chain.