Transactional Intelligence executive details

The application of transactional intelligence to cryptocurrencies allows for the opening and control of transactions, decision-making regarding transfer actions, and the use of an internal security protocol across numerous service smartcoin containers based on blockchain immutability and block in-chain interconnection mechanism.

 

This provides users with:

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• Granting users control over their property.

• The economic power asymmetry is reduced by automated price parity execution.

• Protection against non-compliance by a party through the use of double transaction containers. The users are liberated from its constraints in the event of default, recovering their digital assets automatically.

• Automated intermediary schemes for mass collaboration trading.

• Secure use of funds for cash payment.

• Wallet to wallet DEX capability is an introduction to multiple services offering.

• Internal stablecoin production disconnected from external influences.

• Wallet mining for adoption vision focused on transactions execution.

• Smart tokenization of assets

• New financial approach based on digital warranties

• New Startup investing mechanism for additional warrant offers for investor.

• This novel concept allows to expand the utility of cryptocurrencies over secure and transparent uses for unlimited application in the future.

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Transactional Intelligence: In a short explanation it refers to the ability to use data and analytics to gain insights into the behavior during a Web3 transaction and eventually take control of compliance parameters, through the connection of non-continuous blocks on a blockchain. 

 

Transactional intelligence is a high-performance, automated Web3 technology for a new generation of programmable money designed to counteract defaults between unknown users, providing security and transparency..

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To achieve all of this, the concept of Transactional Intelligence in detail is to actively intervene in a transaction through impartially designed code that connects past and future transactions in the blockchain. This process grants rights and obligations to both parties over a digital asset created under inflation-resistant rules, with its price being determined by external demand, thus remaining unaffected by either party's influence. Ultimately, the underlying value is conferred by the parties when tokenizing the initial agreement to exchange. This tokenization materializes the agreement by defining an initial parity and its evolution between two or more tokens on the same blockchain network, which each party will create. These tokens will serve as the legal embodiment of the material and immaterial assets involved in the transaction. As part of this tokenization, aspects such as pricing parities, guarantees, insurance, interests, settlement, and other financial elements of the transaction will be included.

 

A transaction involves the exchange of value between two parties, where A has something of interest to B, and B has something of interest to A. However, inherent conflicts of interest often arise, hindering the establishment of natural partition and leading to negotiation challenges. The Harvard negotiation approach model addresses this by considering key points for achieving the best win-win results possible. In a simple explanation, the CWR Transactional Intelligence development adheres to the following minimum requirements in a transaction:

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a) Both parties must be willing to compromise and build a long-term relationship.

b) Each party objectively evaluates the other's value and determines a fair market value as a negotiation target.

c) Negotiations are separate from negotiators, with a focus on being firm with the problem but gentle with the people involved.

d) Both parties creatively work to expand the benefits, so A receives A+ and B receives B+.

 

A complex transaction involves more than two parties, variable values, interdependence between parties, or the need for a third party to reduce friction. Ensuring counterpart compliance, be it payment, transfer, rights, or obligations, remains challenging despite agreed-upon rules, laws, and coercion.

Web3 technology integrates money and data into a unified entity, aligning economic and technological viewpoints. Bitcoin's robust digital value creation and Ethereum's smart contracts enabled full tokenization, while Bettercoin's transactional intelligence brings balance to power asymmetries in digital value exchange through automated negotiation and agreement fulfillment. 

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Smartcoins: such as Bettercoin cryptocurrency is a not marketing data systems for privacy protection of users, but provide corporations with a means to leverage the benefits of the cryptoeconomics in their sales strategies. By using smartcoins, the companies can take advantage of the decentralized, secure, and transparent nature of blockchain technology to streamline transactions, reduce costs, and enhance customer engagement. This digital tokens new generation that are programmable and customizable to meet specific business needs, based on AI program process for advanced in-blockchain algorithm applications.They can be used for a variety of purposes, including loyalty programs, incentive schemes, and payment systems. By creating their own Smartcoins, companies can establish their own branded digital currencies that can be used to reward customers for their loyalty, incentivize desired behaviors, and facilitate seamless transactions within their ecosystem. Bettercoin is the first approach of the massive implementation of Transactions Intelligence over cryptocurrencies in the future.

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Safety considerations in non-technical explanations: there are several essential security components that have been taken into account: technological, transactional, economic, and others. In the technological aspect, all the codes used have been verified by our cybersecurity experts, the latest compilers have been employed, and code control routines have been incorporated, including bait schemes for hackers, along with more than one encryption system and self-managed monitoring. From the transactional perspective of two or more users using smart tokens on a blockchain, the technique of connecting non-consecutive blocks was developed to establish the condition of multiple transactions grouped under the same transaction compliance scheme. From the economic point of view, smart tokens are resistant to volatility, inflation, malicious interference, and considerations related to the common susceptible vulnerability of a cryptocurrency, such as price manipulation through aggressive trading strategies, tokenized and non-tokenized price exchanges, parities with tokens of unknown origin, etc. All these mechanisms are safeguarded in the representation of the digital asset through a smart token, such as Bettercoin. Additionally, two closed-code systems were developed to establish automatic pause and transaction unlocking in the face of a re-entry attack, and a standalone balance validation component was added to face a potential 50+1 attack. Bettercoin's transactional intelligence technology reserves virtual connectors for future validator node protocols with quantum encryption. Certain critical components for security are reserved for presentation only to SEC.

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Future corporate uses: A corporate specialized smartcoin design involves collecting and analyzing data from various sources, including automated point-of-sale systems based on corporate cryptocurrencies, commands customer feedback of offer accept or refuse, and other customer interactions, to improve customer experiences and business outcomes.This enables companies to identify patterns and trends of user behavior, such as purchase history, product preferences, and buying habits, which can be used to personalize the customer experience and provide more targeted marketing and sales efforts. By understanding user needs and preferences, companies can also identify opportunities for cross-selling and upselling. 

 

Wallet To Wallet transactions (W2W): this is an evolution of the P2P (Peer to Peer) protocol, which allows one party to send a digital asset to another without intermediaries, with this data transaction registered on the blockchain. When two users perform a swap, they must carry out two P2P transactions; however, there is no obligation for the second P2P transaction to occur because of the first one. W2W executes transaction aggregation by connecting two blocks that are not necessarily consecutive to generate a second-order transaction. In other words, the first P2P transaction is related to the second P2P transaction, resulting in a more complex W2W-type transaction. This ensures that the second P2P transaction is consistent with the first one. This means that W2W involves at least two records on the blockchain that are linked to establish a cross between them, allowing, for example, the payment for a received digital asset to be effectively made before being able to use it.

 

Bettercoin extensively utilizes the W2W concept in most of its transactions, enabling users to know that when they send a Bettercoin to another wallet in a first transaction, they can recover it in case there is no second transaction to credit the payment for the recently sent Bettercoins. Another use case of W2W is the delegated transaction of Bettercoin, in which an owner sends their Bettercoins to a Delegate under a W2W scheme so that the Delegate can transfer the payment order (ETH_PAY) to a buyer, also through W2W. In this situation, the original owner waits to receive the payment that the buyer will make, and if it doesn't happen, they can recover their Bettercoins, thanks to the W2W transactions carried out using Bettercoin technology.

 

Throughout all the aforementioned scenarios, the blockchain provides the foundational technological security, and Bettercoin, in a secondary position, utilizes the transactional logic of the blockchain, generating multiple concatenated records while respecting the characteristics of decentralization, anonymity, encryption, and validation that are typical of the Ethereum Virtual Machine (EVM).

 

The technical details of how W2W functions have undergone rigorous cybersecurity testing, including re-entry attacks and smart contract attacks, resulting in a secure transactional scheme.

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Advanced information are available in the technical Whitepaper TI101-ServerWare,  1st and 2nd releases and Haskell++ notes.

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Coinware dev A team, 2022