The paper of Bitcoin already mentioned the need of a third party – a trustee – to provide buyer protection. Buyer and seller would have to trust this third party that decides what happens with the payment in case of problems.
We present a new decentralized crypto technology that binds vendors to their offered goods despite anonymity or national borders. In contrast to previous approaches, this happens without involving any third parties whereby online trading can be trusted again.
The vote result can be used to decide over the direction of a Let’s Play or influence a pornographic live stream.
There are many creative ways to use and incorporate votes. The votes are executed with small amounts of SavAct and the choice that accumulated the highest amount of coins won the voting.
The patent serves as protection against a market flooding of coins with copied or similar principle. It will also strengthen our market position. We want to reach a permanent technological advantage against potential future competitors by means of continuous development.
The coin is going to have applications in many domains. SavAct’s nonprofit organization is going to support projects and ideas that use SavAct.