Monet eliminates the intervention of another server

About Monet

Monet is a public network architecture where the users can join a mobile network to interact with each other in a decentralized manner without the intervention of the third party.

Monet consists of multiple ephemeral blockchains that users dynamically create with their mobile devices.

Monet's vision

• develop a system that does not rely on a specific server

• help the users connect with each other for the length of time to accomplish the tasks

Monet's application in finance

Monet might provide the creation of sharded cryptocurrencies, wherever the shards area unit mobile. teams of people might withdraw funds from the main ledger, deposit into a short-lived unintentional blockchain, interact solely among themselves to come to the most ledger.

Some Pros and cons

PROS

● Solid team academically, entrepreneurially and technically

● Solid advisors with business experience

● Novel idea for peer to peer blockchains

● Leverages an existing mobile API for implementation

CONS

● Business plan TBA

● MVP yet to be released

● Very long timeline

Native Token

The Tenom token will be used to incentivize validators(nodes) in the network throughout the Proof of Stake portion of Monet’s consensus mechanism.

All transactions fees within the network are paid in Tenom.

Further information: https://monet.network/