V3.3
SYSTEM LEDGER & MINTING When AGX and/or AUX Coins are on a public blockchain network, LODE offers no transfer restrictions and does not maintain KYC/ AML records for each transfer.
LODE does ensure that KYC/AML checks are completed for: • • •
Each identity on Hyperledger Fabric; Each time AGX and/or AUX Coins are transferred to Hyperledger Fabric, and Each time AGX and/or AUX Coins are transferred from Hyperledger Fabric to another public network.
LODE WILL: 1. 2. 3.
4. 5.
6.
50
store LODE Token balances on the LODE Hyperledger Fabric; issue revocable identities to LODE oken Holders; associate Public/Private ECDSA key pairs (or other unique identifiers) with each identity; record LODE Token balances for each identity on a LODE Hyperledger; not retain the ability to edit LODE Token balances directly and can provide proof to regulators and auditors that LODE did not change balances post-issuance, and retain the ability to freeze accounts, revoke identities, or otherwise update the business logic/rules associated with the LODE Token transfers on the LODE Hyperledger.
INTERNAL GATEWAY The LODE Internal Gateway manages all of the connections to any provider, partner, merchant, or user and it allows monitoring of all of the LODE System transactions fiat, digital, or otherwise.
SYSCOIN – PERMISSIONLESS NETWORK ACCESS Syscoin is the base Proof-of-Work (PoW) layer managing the AGX-S and AUX-S Coins. There are three unique core competencies of Syscoin that are offered to the industry: 1. Merge mined with Bitcoin (hash rate is shared with Bitcoin as the parent, thus secure from 51% attacks, unlike most other chains.) 2. The token platform where businesses can create tokens and leverage Z-DAG for micro-transaction settlements within seconds, for a fraction of fees because of the new fee market Z-DAG presents. The option of using Z-DAG is fully compliant with Bitcoin security and thus does not open new security concerns. 3. Interoperability with other chains presents a solution to users of other chains to come to Syscoin to leverage speed/cost savings as well as PoW security of Bitcoin. It also presents a solution to users of Syscoin to move to other chains that have utility value without trust. This shows that first-time supply can be fractionalized across multiple blockchains.
