TROPTIONS WHITE PAPER WHAT BITCOIN WAS SUPPOSED TO BE!

Fundamentally, the purpose of TROPTIONS is to develop a bartering system with computer technology for enabling multiple parties to send payments online directly to each other (“peer-to-peer cash system”) without requiring a financial institution such as a bank. First and foremost, the underlying system for such transactions would need to meet several security requirements. As the proposed transaction is to be cashless and be executed online, the problem of double spending would need to be addressed. Double spending is the potential weakness in a digital cash system - the possibility that the same unit of value (the token) could be spent twice if someone duplicates or falsifies a token. The prerequisites for this type of decentralized cash system to work are • Cooperation between the parties running the system (network structure) • Ensuring that previous records can never be changed (immutability) and • Agreement on the validity of transactions according to certain rules (consensus)...