Name
The name of this organization shall be Optio Consortia DAO, hereafter referred to as the Optio Blockchain.
All functions of the Optio Blockchain can be found at www.optioconsortia.com
Vocabulary
Blockchain:
A blockchain is a system where data and transactions are processed across multiple computers. A leading example of a blockchain is Bitcoin.
Node:
A node refers to each computer that runs the software to process data and facilitate transactions within the blockchain. An active node also secures the blockchain.
Decentralized Blockchain:
A decentralized blockchain is a type of blockchain network that operates without an authority group. Control and decision-making are performed by every member of the blockchain, who each gets an equal vote.
Purposes
Decentralization:
A decentralized blockchain removes the need for a central authority or intermediary. This reduces the risk of manipulation or corruption by distributing control across a network of participants, which fosters trust among users who may not know each other.
Autonomy:
Users within the blockchain decide for themselves how much they are going to contribute to the community. Contributions are rewarded, rather than required.
Transparency:
Transactions on a blockchain are recorded in a transparent ledger that is accessible to all participants. Once data is added to the blockchain, it is extremely difficult to alter or delete, which ensures that records are immutable.
Security:
Decentralized blockchains are more resistant to attacks because there is no single point of failure. The distributed nature of the network means that compromising it requires overcoming the majority of nodes, which is almost impossible.
Efficiency and Cost Reduction:
By eliminating intermediaries, decentralized blockchains can reduce transaction costs and streamline processes.
Censorship Resistance:
Since no single entity controls a decentralized blockchain, it is less susceptible to censorship. This means that transactions and data recorded on the blockchain are less likely to be altered or blocked by authorities or other entities.
How it Works
Purchase license:
- Customer purchases a node license from the Optio Blockchain (example: $1000). Node licenses can be purchased at optio.community
Run Software:
- Node owner runs the software in the background of their device, which gives Oracle applications (apps that Optio has partnered with) computer power to perform their functions.
Receive Rewards:
- In return, node owners receive Optio digital rewards. Just like any other rewards program, “points” are saved and used to purchase something (free food, free clothes, free services).
- Unlike other rewards programs, the possibilities for exchanges are endless! Within the Optio Marketplace, you can exchange your rewards for things like your morning coffee, TV subscriptions, and grocery store items.
Grow the Community:
- Node owners can receive additional Optio digital rewards for increased effort and innovation in the Optio decentralized ecosystem. This includes successful proposals, building out the blockchain, etc.