Tagion

The World’s Most Usable Cryptocurrency

Easy, Open And Fair Banking For All

DEMO

About

Tagion is the world’s first completely usable cryptocurrency. The units of exchange are called Tagions (Tags for short), which you can use as an everyday currency – to buy a meal, for example, or pay for your shopping. This is unique – no other cryptocurrency has this capability.

Tagion is a peer-to-peer system – so currency is exchanged directly between two parties without the need for a third party, such as a bank or credit card company.

Its biggest benefit is protecting your money from the harm that can be caused by rampant inflation, or financial corruption. Tagion represents financial safety for anyone, anywhere in the world and makes saving money easy, open and fair for all.

Tag creation is public and transparent on the network, but identities remains 100% secure. A transaction happens peer-to-peer, so the network keeps track of which Tags are valid and usable. This prevents fraud.

Tagion is a revolution in the banking sector. It switches the purpose of banking from the wealth creation of vast organisations, and places the power in the hands of the people that actually use the money.

Key features

Full privacy (non-traceable transactions

Self-governed as a common

Decentralized exchange protocol for full market liquidity

Intrinsic economic stability

Hashgraph consensus mechanism

Multi-currency protocol for multi-currency transactions

The technical stuff

Full privacy (non-traceable transactions)

Each Tag is a one-time virtual money bill, which has a spend key (that is held by the owner of the bill) and a serial number (that is stored on the network to validate its integrity). For each transaction, the spend key is given to the receiver and the network is informed that the bill is spent and no longer valid. The receiver then creates a new bill with the same value and a new serial number, which is updated to the network.


Intrinsic economic stability

The economic model of Tagion tries to stabilize the intrinsic value of the system, rather than being tied to the value of all other currencies. So, a sandwich that costs one Tag today could cost the same in ten years, as Tags should neither gain nor lose value.

The idea is that money reflects underlying asset value. The output is the control of the reward rate, which controls the burn or adding of money to the system. By this mechanism, the amount of money proportional to the underlying assets’ value should stay the same.

The mechanism requires a certain volume to work, so the price will be volatile and probably surge in the first few years – before achieving stability.


Self-governed as a common

Tagion rejects the idea that resources must be either private or state owned. Instead it uses the common model, a polycentric self-governance model, which means the resource is governed by all parties engaged in using, maintaining and controlling access to it through a common system and common set of rules.


Hashgraph consensus mechanism

The hashgraph mechanism performs transactions fast and is scalable, unlike current PoW systems. That’s because Hashgraph is not built on the data structure of a blockchain, but of a directed acyclic graph.

Through this mechanism, Tagion transactions take less than three seconds to perform a transaction (compared to up to ten minutes for other cryptocurrencies). More than 100,000 transactions per second is possible, with very low power consumption and asynchronous byzantine fault tolerance. This makes the consensus mechanism secure, as long as 2/3 of the network nodes do not misbehave.


Decentralized exchange protocol for full market liquidity

The network has a protocol for submitting ask and bids to the network to ensure market liquidity across exchanges, rather than being limited to single exchanges. Bid and asks involving fiats need to be settled by the two exchanges they originate from, whilst pure crypto-settlement can be done automatically by the network.


Multi-currency protocol for multi-currency transactions

Each Tag can be locked to a currency by an exchange rate, enabling trade of tags in different currencies. With a fiat Tag, the broker guarantees its value, and must have a constantly updated, fully public balance sheet, to show deposits and guarantees in different currencies. If it’s in crypto, then the currency is placed on a currency contract, which can be traded just like a normal Tag. The owner of the bill can always claim its nominal value in fiat at the broker, or by terminating the crypto-currency contract.  This on-chains currencies and makes them transferrable on the Tagion network.

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