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A world based on human values and supported by cryptocurrency - The PlanetPay project

The PlanetPay team are building the PLP DAO, a fully automated, decentralized online system which connects people in a peer-to-peer manner and facilitates their interactions through the PLP cryptocurrency. Through its unique design it is able to combine the functions of employment exchange, post office, savings bank, investment bank, project financer and mortgage provider without being any of these institutions. It may however end up being an entirely different and yet unknown animal with who knows what properties or effects.

The PLP DAO

As Andreas Antonopoulos so perceptively points out in the above video, DAOs are the killer apps in the crypto space. There are vast opportunities in the very near future to create solid, robust decentralized apps running on a blockchain which have the potential to completely replace all levels of management, including the highest board levels with a decentralized system which never fails, makes clear logical judgements and executes considered decisions in seconds.

This is of course akin to rocket science, as any slight mistake can blow the whole organization up and cause irreparable damage in a very short time. Our team have been studying the way real-world organizations operate for many years, and we are carefully creating a real-world DAO which has been designed to operate independently of any human interaction and which, being decentralized, cannot be controlled by any party.

The PlanetPay Token, PLP

PLP is a new cryptocurrency which is very fast, secure and with very low transaction costs. While bitcoin is and will continue to remain the major cryptocurrency and store of value, the PLP currency complements bitcoin by being an optimized transactional currency.

PLP is a DAG (Directed Acyclic Graph) system, not a blockchain, which can be visualized as a thick cord of threads, each comprising the directed transactions. This parallel approach overcomes the limits imposed by blocks in blockchain cryptocurrencies and enables rapid, secure and immutable transactions to take place.

The PLP system is truly decentralized and highly scalable, with increases in speed and efficiency as the system grows in usage.