Millicent: directed acyclic graph (DAG) cryptocurrency designed for ultra low-fees, nanopayments, price-stability, mass adoption, and regulatory compliance.

Millicent：有向无环图（DAG）加密货币，专为超低费用、极微支付、价格稳定性、大规模采用和监管合规性而设计。

• 批准号: 105533
• 金额: $ 26.51万
• 依托单位: GLOBEX INNOVATIONS LTD
• 依托单位国家: 英国
• 项目类别: Collaborative R&D
• 财政年份: 2021
• 资助国家: 英国
• 起止时间: 2021 至 无数据
• 项目状态: 已结题
• 来源: https://gtr.ukri.org/projects?ref=105533
• 关键词: Millicent; directed; acyclic; graph; DAG

**Millicent combines the benefits, and eliminates many problems, of fiat and cryptocurrency_---_creating a global payment system for the future.**When you woke up this morning, you likely turned on the light, and had a shower. Did you think about the fractions of a penny doing either of those actions cost you? Probably not.But why - given we can make these fractional payments with ancient technology - can't we pay for things in the same way online?The answer is: a financial system decades behind the times, and too many middlemen who each want a cut. With fees of up to 4% of the total sale price, _plus_ a fixed fee of 20p, small payments are impractical/impossible.High fees are bad for larger transactions as well. In 2019, card providers took £65bn in transaction fees alone!_These high fees hit small businesses and sole traders especially hard._**Blockchain is often touted as the future of payments, but it suffers from fundamental flaws.**The linear sequence of blockchain transactions causes slow settlement times, and the need for third-party transaction verification requires the payment of network fees.**An emerging alternative to blockchain is Directed Acyclic Graph (DAG)**. With DAG's branching structure, **transactions can occur simultaneously**, greatly improving transaction speed, and, as users also perform verification, it can **completely eliminate network fees**!**DAG opens up a myriad of use cases.** For example:* Clicking on a paywalled newspaper article to find the publisher charging 5p to read the article, instead of £10 for a monthly subscription.* A social media network powered by passing value back and forth between users, instead of big tech collecting private data to power personalised ads.* Small businesses saving thousands of pounds in transaction fees.Millicent is based on **fiat-pegged stablecoins like the mGBP**, tradeable one-to-one for Pound Sterling, its price never fluctuating so everyone always knows exactly what they're spending/earning.Currently, we are creating an **easy-to-use DAG-powered e-wallet** (available as a browser extension and iOS/Android apps), **as well as components to integrate with existing tech** (payment systems, platforms, apps), **powering them to accept ultra-low fee payments and nanopayments.**Without a network of real-world users, new financial systems are just academic, so **we have developed a radical adoption incentivisation program to ensure rapid initial traction.****We believe DAG is the key to a host of improvements for the global financial system, and we've got huge plans for the future.**

**Millicent结合了法定货币和加密货币的好处，并消除了许多问题，为未来创造了一个全球支付系统。当你早上醒来时，你可能打开灯，洗了个澡。你有没有想过做这两件事所花的一分钱？也许不会。但是为什么--既然我们可以用古老的技术来支付这些零碎的费用--我们不能用同样的方式在网上支付吗？答案是：落后于时代几十年的金融体系，以及太多的中间人，每个人都想从中分一杯羹。由于费用高达销售总价的4%，再加上20便士的固定费用，小额付款是不切实际的/不可能的。高费用对较大的交易也是不利的。2019年，信用卡提供商仅交易费就收取了650亿英镑！这些高收费对小企业和个体经营者的打击尤其严重。区块链经常被吹捧为支付的未来，但它存在根本性的缺陷。区块链交易的线性序列导致结算时间缓慢，需要第三方交易验证需要支付网络费用。区块链的一个新兴替代方案是有向无环图（DAG）**。通过DAG的分支结构，** 交易可以同时发生 **，大大提高了交易速度，并且，由于用户也进行了验证，它可以 ** 完全消除网络费用 **！** DAG开辟了无数的用例。**例如：* 点击付费报纸文章，发现出版商收取5便士阅读文章，而不是每月订阅10英镑。一个社交媒体网络，通过在用户之间来回传递价值来提供支持，而不是收集私人数据以支持个性化广告的大型技术。小型企业节省数千英镑的交易费用。Millicent基于 ** 与法定货币挂钩的稳定币，如mGBP**，可一对一兑换磅，其价格从不波动，因此每个人都能准确地知道他们的支出/收入。目前，我们正在创建一个 ** 易于使用的DAG驱动的电子钱包 **（作为浏览器扩展和iOS/Android应用程序提供），** 以及与现有技术 **（支付系统，平台，应用程序）集成的组件，** 使它们能够接受超低费用支付和纳米支付。如果没有现实世界的用户网络，新的金融系统只是学术性的，所以我们已经开发了一个激进的采用激励计划，以确保快速的初始牵引力。我们相信DAG是全球金融体系一系列改进的关键，我们对未来有着巨大的计划。