Page Summary
Bitnation is the world’s first Decentralised Borderless Voluntary Nation (DBVN). It records the identities of its citizens using blockchain technology. Susanne Tarkowski Tempelhof founded Bitnation in 2014. Bitnation uses Ethereum smart contract technology.
Tempelhof’s father had been stateless for a decade. Tempelhof’s vision is that blockchain governance could create virtual citizenships and autonomous communities.
How does Bitnation work?
Bitnation uses a peer-to-peer voluntary governance system called Pangea. This system replaces the arbitrariness of birth as the decider of one’s citizenship. Bitnation uses this system to host blockchain marriages, birth certificates, and more.
Pangea acts as a decentralized market for legal services. Users can create peer-to-peer agreements and resolve disputes. On Pangea, users can also create their own Decentralised Borderless Voluntary Nation (DBVN). They can choose their own Code of Law and Decision Making Mechanism. Pangea is a secure mesh network that forms a distributed web. It runs on smart contracts on the blockchain built on Ethereum.
Pangea Arbitration Token (XPAT)
Transactions within Pangea take place in Pangea Arbitration Tokens (XPAT). These tokens are ERC20 compatible. The tokens reward users with a good reputation. Pangea citizens can earn XPAT tokens but not trade them. They can earn them by creating, completing, or resolving disputes with contracts.
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Stefan Grasic (Dipl.-Jur) is the owner of Business24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active stock, CFD, crypto and general investment researcher, advising blockchain companies such as Blockbird, GoCrypto, Hive Terminal at their start up level. Stefan began trading in 2010 as a college student. Money was tight,…