Introduction
In the year 2008, 18th of August to be precise, a futuristic thinker and a mindful financial analyst in person of Satoshi Nakamoto (willingly anonymous) orchestrated the publishing of a Whitepaper titled; Bitcoin: A peer to peer electronic cash system. This was done through a cryptography mailing list. Since then, the world has ceased to remain the same.
By the year 2009, the Bitcoin mining activity commenced through a peer to peer decentralized blockchain based platform alongside cryptography [The use of secure communications excluding third party interference to send messages and carry out functions], this made the Bitcoin the foremost virtual currency on the globe.
Briefly, Bitcoin is defined here;
Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.
Briefly, Bitcoin is defined here;
Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.
Source: Wikipedia
Subsequently, within 2009 to 2018, virtual currencies and tokens like Ethereum, Litecoin, Luno, Dutchcoin, Imtoken, Avinog and a myriad of them have sprung up. Most of these tokens are introduced by start-up companies upon inception through their whitepaper, airdrop operation tasks, KYC (Know Your Customer) , mining and other activities. Not to bore you with too much talk, the advent of Cryptocurrencies (as they are popularly known) ushered in a new order of transactions and payment systems variant from the conventional Fiat money that the world has been -age long- accustomed to. Most advanced forerunning countries of the world like China, U.S.A and Europe have embraced these virtual tokens and they have been adopted into many of their payment systems
thereby facilitating a safe exchange system void of third party interference.
Some Shortcomings and Limitations
Despite the wide adoption of Cryptocurrencies and blockchain blockchain based operations that has highlighted a secured end to end encrypted transactions, some shortcomings and loopholes are still evident. They are listed here.
- Fraudulent and illicit market activities by perpetrators.
- Non-technical users are shut out from applicable use of such utilities.
- High and intensive capital for performing some of these transactions.
- High volatility and unstable fluctuations in prices of virtual tokens.
- Public disclaimers by regulatory financial authorities of many countries to disembark on cryptofinancial investments.
- Lack of a solid structure for nontechnical communities to generate their own currencies and the lack of means to value such currencies against each other within a global framework.
- The inability of large systems to meet the individual needs of interested participants willing to utilize them.
In lieu of recent activities, events and shortcomings of these transactions, Native is here to provide the structure for people to create and generate their local currencies alongside a set of decision making tools.
What is Native ?
Source: Google
Native is an Ethereum-based decentralized secure blockchain platform that helps o administer and provide a structure for the valuing and operating communities through the creation of their own local currencies.
also helps to provide a set of decision making tools for users and is dynamic such that it is fashioned in a flexible manner to suit the needs of various types of communities.
What Makes Native Dynamic?
Native has an unbiased and optimistic motive and vision in view by harnessing and facilitating the participation and involvement of variant users and communities with limited economic and technical knowledge in the emerging financial ecosystems.
It is such that the involvement in the crytographical system no longer fizzles out people with limited technical know-how of how these systems are operated. Various communities and prospective team builders will be happy to know that this platform offers them the ability to carve out a niche for themselves distinct from every other groups, as such, they are opened to a wide range of options like
- Generating and creating their own tokens.
- Accessing knowledge on how to operate and manage these tokens.
- Involvement of new groups into the happening trends and rudiments of the cryptofinancial sphere and its adoption into operating systems, protocols and transactions.
User Types
Curators
Curators are trusted administrators of Communities. They have the most thorough knowledge of a Community’s initial vision, and act as a filter to ensure that only relevant and potentially beneficial content is added for Members to view and vote on. Additionally, Curators approve or deny work completed by Community.
Members
Members join Communities that align with their values, interests and goals. Membership enables rights. Members are the ultimate decision-makers for capital deployment and critical decisions. They also have power to replace the Curator if necessary. Members can join and participate in multiple communities.
Source: Native Whitepaper Page 6
How Native Works
Native has a building block of communities, as stated earlier, individuals or group of common interest whether digital based or locally can create communities through the platform.
Source: Google
Watch this dynamic and explanatory video to garner more knowledge about the intricacies of Native broken down for further enlightenment.
For more Information and Resources click on the following links;
- Native Platform
- Native Website
- Native Whitepaper
- Native Medium
- Native Telegram
- Native Reddit
- Native Facebook
- Native Twitter
- Native YouTube
To also participate in this contest, click on the link below and follow 
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