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Years ago in order to satisfy their needs, people used to trade their properties. This strategy has a great characteristic that is no one could own more than a specific amount of properties. That is because it was hard to deal with them and keep them valuable.
Having many possessions required space and maintenance. However, as time passed some particular materials such as gold and silver became more valuable than others. And, one who owned more gold was wealthier and could trade a little, say gold, with a considerable amount of other substances.
Eventually, metal coins such as various types of gold and silver coins were introduced to the world. And, money in other forms got permanent in the world. Again by the passage of time for security and for investing and other reasons, everyone saved his or her money in different bank accounts. And, the account numbers became anyone’s possession. So, numbers reveal the actual wealth of anyone. Recently, an idea came into being. Based on this idea only numbers are enough, and there is no need to be some kind of physical material or anything else to represent someone’s financial capability. This is called virtual money or to be more accurate “virtual coin”.
Nowadays, various types of virtual coins have introduced to the world, which bitcoin is one of the most common ones. In order to implement such kind of coins, many considerations should be taken into account, among which security and correctness are highly important. Previously, a thief needs to steal something by some physical actions such as bank robbery, regarding virtual coin no thief needs to plan a physical robbery. Stealing is more approachable using networks and hardware instruments, and even more affordable using software strategies.
In addition to security concerns, wasting time, hardware, and energy to compute complicated algorithms used to produce valid numbers for the virtual coins, currently exist in the world, is a big issue the world has encountered in the recent years. There are quite a few costly computers currently in many countries running highly intricate algorithms to produce virtual coins. This amount of hardware capability and energy, which is using for this calculation can be used for actual more useful purposes such as medical researches. Moreover, big companies in the world are dealing with many complex problems that highly complicated algorithms are required to solve them. Some papers deal with this idea. In fact, they want to use the hardware and energy and time behind the calculation of producing virtual coins so that not only the coins will be generated with the similar characteristics as before but also that capabilities behind this calculation get into service for valuable purposes.
The LoR system tries to present a method that reveals that not anyone needs to solve a hard problem, either actual or fake (as a proof-of-work), to earn virtual coin. You do not need to purchase miners or other special hardware. We propose a foundational shift in designing decentralized systems, using ideas that have already proven their advantage in operating systems and distributed systems.
We will publish the strategy used by LoR later. But you must know it works based on some specific cooperation which will be introduced later. TAAK is an implementation of the LoR system. Anyone who works on this platform can send or receive various types of services from different sides of the world securely. The LoR system will guarantee security. Considering a specific service anyone who provides that sooner in the system will receive more money at the end. Any cooperation gives a user a percentage of the money transformed through that cooperation. Those who join the system in the first steps can collaborate on more cooperation and make more money. Please contact us if you need more information.