Manage your interesses
Last updated
Last updated
“This is how the system works: Add interests and manage them locally:
Users add their interests in the app. When a new word is created (this word has never been used before) you can add these, these are the so-called keywords/hashtags. These “interest texts” are stored in a central data server to prevent duplicate entries and to create an efficient “word glossary”. The word glossary can include the user defining which languages he wants to accept. As an example, you can only display texts that were written in German and only receive all auto-translated texts in other languages if you want this I receive all the information from around the world written in every language. However, from a local product only the information is in German. It is important to note that only the word glossary - not the personal data - is stored centrally only manages the total number of users who are interested and matched in a particular interest, word or topic, both globally and regionally. So to speak, xx matches of the word xyz exist (not who that is.) Because this data is only stored locally in the phone. Everyone has their own data. No personal preference data is recorded on the server.
The data is therefore decentralized and encrypted only on the phone and the match makes the link / the entanglement (see Proof-of-contact encryption with quantum security to be proven) / Only the 2 users know the connection between these 2 people and this link In the safest case, they have physically linked themselves, so to speak, physically agreed with each other on the encryption for this match without ever having to show this to anyone else or let alone know their interests because the system is built on a Zero Knowledge Proof (ZKP). That means it is Zero Trust
Secure, encrypted data profile: Users' personal data, which could allow conclusions to be drawn about their identity, is only stored locally on their own device. This means that only the user has access to their full, encrypted profile. Backups of this data are the responsibility of the user and can only be accessed using biometric security methods (such as fingerprint or facial recognition) in the app.
Basis for matches: These encrypted data profiles form the basis of the system on which the so-called “matches” are then built. Matches arise when users compare their interests with each other (ZKP). In the first versions of the system, this means that users “discover” that they share similar interests using an encrypted QR code – matching so-called preference data. In further versions, the physical contacts come with proof-of-contact encryption, which offers the system “quantum computer secure encryption”.
Decentralized data network through matches:
The highlight of the system: Users match their data directly with each other, which creates a decentralized data network. Personalized content is passed from person to person without the need for a central server for “data trading”. The central server simply stores a “word glossary” with usage counters to track general usage of interests without having to access the actual personal data.
Why is this unique? Full control and security: Users retain full control over their data, which can never be stored in central locations or used by third parties.
Decentralized data structure: A unique system built on decentralized connections and interactions enables personalized communication and content without centralized data management.
Anonymity and privacy: Data remains local and encrypted, and the central server only receives aggregated usage information - no personal details. MatchCoin creates a completely new way to use and “share” data – secure, decentralized and completely under the control of the user.”
A revolutionary system for secure and valuable data matches In the world of MatchCoin, the value of a data match is based on transparency of values and the decentralized structure of the network. Every data match has the potential to generate financial value, and this value is secured through a series of mechanisms and conditions that protect both users, companies and investors.
This is how the system works: Ownership of Interests and Consent to Matches: Any interest a user adds belongs solely to them. When two users match their interests, this happens with the consent of both parties, without them knowing exactly what specific match will result. This ensures privacy protection. The data matches can be interrupted immediately after receiving unwanted content and the sender will still be charged the fee and the user will, so to speak, receive his reward for “reporting” content in the sense of a stop data match with the sender. or can already be created through a “colleague-like network”.
Financial compensation through claims: Users have the opportunity to receive financial compensation for a match by submitting a so-called claim. You can use this claim to ask the “investor crowd” whether they will receive a financial reward/financial security for the match generated and whether they will transfer a percentage of the data stream sales in return. By default, a match is valued at 0.5 MP (MatchPoints) per user, which together results in a complete MatchCoin for a match.
Staking & Security for Investors & Users: Investors can purchase shares in the matched data channels. In return, they offer users financial security by guaranteeing the value of the match through staking. However, a MatchCoin remains blocked for both parties (user and investor) until the investment has doubled its value with real value creation by being generated through data streams. During this time, the investor's investment cannot be withdrawn.
Efficient use of resources: If a data channel generates little or no revenue, the investor's investment is redirected to other, more profitable channel regions. This ensures that the funds are used where they create the greatest value.
Option to waive the claim: Users can also decide to waive the claim and keep the full profit from the data stream for themselves. In this case, they do not receive financial security from the investor, but assume the full risk and benefit.
Refund and value adjustment: If a data stream/chain does not generate sufficient revenue, the original amount of coins will be returned to the investor. If the coin has increased in value during the staking period but no value has been created through the data streams, the user receives the profit of the increase in value, while the investor receives his coins back to the original number, even if the market value has since fallen. In this way, the user can earn something because the trust in the currency increases, which he made possible with his data channels, even if this time the data chain did not add sufficient value.