Karbo is a decentralized peer-to-peer exchange network and stable exchange medium, designed to be used by customers and merchants as private Internet money that respects and protects their privacy. It does not have centralized management or issuer and ensures privacy and anonymity of transactions without intermediaries and regulators. Its units of exchange are units of information, cryptographically protected (encrypted) from copying and counterfeiting by the blockchain technology.
The goal of Karbo project is to create an algorithmic stablecoin – decentralized cryptocurrency with low price volatility by using new to crypto world techniques of regulating coin supply and its market price. The key principle of CryptoNote is adaptive parameters. Karbo already has adaptive block size limit and difficulty. In addition to it Karbo will implement adaptive emission, minimal transaction fee and monetary deposit interest rate to achieve this goal. More in Whitepaper...More about Karbo...
The anonymity of payments without the ability to track them, resistance to the blockchain analysis is provided by technology CryptoNote. Privacy is mandatory for all operations, in order for it to be effective. Due to this, all karbos have the same value and are fungible, that is, they are interchangeable because their history cannot be traced. Fungibility is required for Karbo to be a full-fledged and effective exchange medium.
The network, transactions, your account, and karbos are cryptographically protected (encrypted). Only you control your karbos and are responsible for their safety. No one can take them away from you or confiscate them, seize them, deny you access, or restrict your freedom to dispose of your karbos. You can send them to anyone, anywhere in the world anytime.
Transactions take place through a decentralized peer-to-peer network without any intermediaries. The emissions system operates according to a predefined mathematical algorithm without central control bodies. The protocol emulates central bank.
Karbo is an open and decentralized network. Everyone is welcomed to contribute, participate in mining, development and governance. There are no monthly account fees, there is no need for a bank card, license or permission, – you can download a Karbo wallet free of charge.