What is Flarnchain

What is Flarnchain

By flarnrules | Flarnchain | 10 Jul 2021


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I have a question for myself:

What is Flarnchain?

I don't really have a concrete answer, but I do believe it lies somewhere in me gaining a better understanding of blockchain technology, distributed ledger systems, and truly grasping the concept of a "state-machine".

state machine

I also believe things will solidify a bit when I continue to wrap my head around the concept of "securing the network" through staking. That terminology is used quite frequently, but rarely have I seen it actually described in a concise manner that makes sense.

That said, when I contemplate the governance structures and network effects of blockchain systems I begin to grasp at the concept of "securing the network" through staking, but it feels like a mere glimpse.

secure the network

The lengthier these glimpses linger in my mind, the more I am able to understand the pieces of the puzzle, and realize that something like Flarnchain is best suited for the Decentralized Autonomous Organization (DAO) structure. I have a lot to learn about how to properly structure and implement a DAO, but I realize that DAOs cannot exist without a Byzantine Fault Tolerant (BFT) system like a proper tokenized state-machine.

engines

One last point I'd like to put out there, just to get it out of my brain. I anticipate that Flarnchain will be an ecosystem dependent on a two token system. The "Flarncoin" and The "FlarnDAO Token". The Flarncoin will be the primary state transfer crypto-currency, the utility token that captures and transfers value. The FlarnDAO token will be the governance token for voting and governance.

The question of course, is can Flarncoin just encompass everything? I do know one thing, I think that Flarnchain.com should be the place to use Flarncoin, and Flarnchain.io is the place to understand the mysteries of the FlarnDAO Token.

Perhaps this question is better suited for another time.

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flarnrules
flarnrules

I like to paint, skate, and dabble in crypto investing.


Flarnchain
Flarnchain

This is a weekly newsletter that I publish to the Flarnchain readership about my thoughts on the crypto markets and things that I've learned. It's also a place where I provide updates on my progress on the Flarnchain project, which involves the creation of a blockchain and crytpo-currency - Flarchain and Flarncoin. The utility provided by the Flarnchain ecosytem is yet to be determined, but it may involve something known as the cube, and a novel, decentralized solution to finding your lost stuff.

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