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Cryptocurrencies – XEM-
Blockchain could replace Fiat
Manas Goyal
Kondratieff Cycles as Indicators
2
Cryptocurrency
Cryptocurrencies
Bitcoin: 2009
Counter-proposal to a central bank issued fiat currency (€, $, ¥)
3
Cryptocurrency - Basics
- Digital → Decentralised and safe environment
Miners: Use computing power to make transactions.
B...
Market-cap of crypto
.
.
.
.
.
.
.
. .
.
.
.
ca. +40X
ca. –5X
5
January 2017
January 2019
Key question
What technical and economical conditions should
a cryptocurrency fulfil in order to be authorised as
a legal ...
General – India
Capital: New Delhi
Currency: Rupee
Geo.-Koord.: 35° N, 77° O - 5° N, 77° O
Population: 1.339 Billion
7
The current banking system of India
Banking system today:
- Creation of a bank account very
slow.
- Transactions slow
- Ti...
176
241
319
403
488
567
638
0
200
400
600
800
2016 2017 2018 2019 2020 2021 2022
UsersinMillion
Users of Mobile-
Payments ...
Technological and economical
aspects
10
NEM as Basis
- Cryptocurrency and Blockchain-Platform
- Publication: 29. March 2015
- Benefit: Multiple ledgers can exist ...
Advantages of NEM based on own cryptocurrency:
eRupee
eRupee created in the TestNet
Namespace: Domain-Name
Mosaic: Subdoma...
Distribution of XEM-Token
Current money in circulation in India
20.150.000.000.000 INR = 20.15 Billionen INR
(Comparison: ...
Limited money circulation
More Mosaics More money in circulation
eRupee
Different versions of eRupee
14
Private Blockchain: XEM
- Chronological recording of transactions
eRupee
User 1 User 2
Registered
User
Registered
User
Ass...
Private Blockchain
Private Channels
Registered Users = Central Banks
Private transactions can be monitored by the central ...
Scalability
5,000 transactions per second
17
Corruption and money laundering
„Widespread disease:
Corruption and money laundering“
Corruption-Index: 40
Permissioned Bl...
Conclusion
19
Economical Aspects Technological Aspects
Limited Supply
XEM Blockchain : Maximum Supply
9,000,000,000 XEM
Di...
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Technological and economic requirements for a central bank-issued digital currency

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In Germany, students are required to choose a topic and form a presentation at the end of their school career. The presentation counts as much as seven per cent towards the German High School Diploma (German Abitur). I was firmly convinced to pick a current, relevant topic and decided to choose computer science as a reference and economics as a supplementary subject. When paying at a local supermarket, I wondered what a world with a central bank-issued digital currency would look like. This is when I decided to construct a presentation about the technical and economic conditions required for a cryptocurrency to be authorized as legal tender in the Republic of India. Shortly thereafter, I did some research and could only find two sources of information. I contacted various users on Telegram and eminent people familiar with this topic and came to the resolution that the XEM-Blockchain offers a sustainable base for a central bank-issued digital currency. Feel free to contact me for questions, comments and complaints.

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Technological and economic requirements for a central bank-issued digital currency

  1. 1. Cryptocurrencies – XEM- Blockchain could replace Fiat Manas Goyal
  2. 2. Kondratieff Cycles as Indicators 2 Cryptocurrency
  3. 3. Cryptocurrencies Bitcoin: 2009 Counter-proposal to a central bank issued fiat currency (€, $, ¥) 3
  4. 4. Cryptocurrency - Basics - Digital → Decentralised and safe environment Miners: Use computing power to make transactions. Blockchain: Passbook Bitcoin: Value through market balance of supply and demand. Altcoins: All cryptocurrencies besides Bitcoin 4
  5. 5. Market-cap of crypto . . . . . . . . . . . . ca. +40X ca. –5X 5 January 2017 January 2019
  6. 6. Key question What technical and economical conditions should a cryptocurrency fulfil in order to be authorised as a legal tender currency in the Republic of India? 6
  7. 7. General – India Capital: New Delhi Currency: Rupee Geo.-Koord.: 35° N, 77° O - 5° N, 77° O Population: 1.339 Billion 7
  8. 8. The current banking system of India Banking system today: - Creation of a bank account very slow. - Transactions slow - Time-consuming: Yearly KYC- Process Cryptocurrency as a solution: - Fast, one-time KYC/AML-Process - Interview: Transactions through Blockchain technology very fast and cheap. 8
  9. 9. 176 241 319 403 488 567 638 0 200 400 600 800 2016 2017 2018 2019 2020 2021 2022 UsersinMillion Users of Mobile- Payments in India 9 statista.com changed
  10. 10. Technological and economical aspects 10
  11. 11. NEM as Basis - Cryptocurrency and Blockchain-Platform - Publication: 29. March 2015 - Benefit: Multiple ledgers can exist in a blockchain. Why NEM? 11
  12. 12. Advantages of NEM based on own cryptocurrency: eRupee eRupee created in the TestNet Namespace: Domain-Name Mosaic: Subdomain 12
  13. 13. Distribution of XEM-Token Current money in circulation in India 20.150.000.000.000 INR = 20.15 Billionen INR (Comparison: ~ 260 billion €) Calculation Thus: Anyone would get one (1) NEM token when exchanging 2239 INR. 13
  14. 14. Limited money circulation More Mosaics More money in circulation eRupee Different versions of eRupee 14
  15. 15. Private Blockchain: XEM - Chronological recording of transactions eRupee User 1 User 2 Registered User Registered User Asset XEM-Blockchain 15
  16. 16. Private Blockchain Private Channels Registered Users = Central Banks Private transactions can be monitored by the central bank. Benefit: 16
  17. 17. Scalability 5,000 transactions per second 17
  18. 18. Corruption and money laundering „Widespread disease: Corruption and money laundering“ Corruption-Index: 40 Permissioned Blockchain KYC/AML-Formalities Raghuram Rajan Reserve Bank of India Governor 2013 – 2016 18
  19. 19. Conclusion 19 Economical Aspects Technological Aspects Limited Supply XEM Blockchain : Maximum Supply 9,000,000,000 XEM Divisibility XEM - 2,239 INR/NEM (0.05 NEM = 112 INR) Safety Permissioned Blockchain KYC/AML - Regulations (Money- laundering / Corruption) Permissioned Blockchain: XEM Scalability 5,000 Transactions per Second Increase money supply XEM Blockchain: Create more Mosaics

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