What is a Cryptocurrency and a Blockchain?

A cryptocurrency is a digital form of money designed to be secure, decentralized, and often anonymous. It allows people to send and receive value online without the need for a central authority like a bank. These currencies operate using blockchain technology, which provides the foundation for their security and trustworthiness.

What is a Blockchain?

A blockchain is a type of distributed ledger—a database shared across a network of computers. Once a piece of information is added (like a transaction), it’s grouped into a “block” and linked to the previous block in the chain. This creates a chronological and unchangeable history of transactions. Because it’s maintained by a decentralized network and not a single server, no one person or government can alter it without consensus.

Imagine a digital ledger — like a notebook — but instead of being kept by one person or locked in a filing cabinet, it’s:

• Public: Everyone can read it.

• Distributed: Copies exist all over the world.

• Unchangeable: Once something is written in it, it cannot be erased.

This ledger is the blockchain.

Because every block is linked to the one before it, if anyone tries to change one block, they would have to change all the blocks after it — on every copy of the ledger in the world. That’s nearly impossible.

A blockchain is essentially a chain of “blocks” — digital containers that store information. Each block contains:

• A list of transactions or records (like who sent coins to whom),

• A timestamp,

• A unique code (called a hash),

• And the hash of the previous block, which “chains” them all together.

Each participant in the blockchain network keeps a full copy of the ledger. Before new data is added, the network must agree that it’s valid. This is done through a consensus mechanism like Proof-of-Stake or Proof-of-Work. Once agreed, the data is encrypted and added to the chain permanently.

This system creates trust without intermediaries—a core principle of digital communities or network states like New Tibet.

Why Use Blockchain for New Tibet?

Using blockchain ensures that New Tibet’s digital economy, identity system, and governance are:

• Transparent: All transactions can be tracked and verified by anyone.

• Secure: Once information is written to the blockchain, it cannot be tampered with.

• Decentralized: No central authority controls the system, preventing misuse of power.

New Tibet’s cryptocurrency — the New Tibet Coin —will be built on the Ethereum blockchain, the most widely used and secure blockchain platform today:

Large Network

• As of early 2025, between 6,000 and 10,000 active nodes (servers) validate and maintain Ethereum’s network globally.

• A robust node network ensures decentralization, making manipulation or censorship extremely difficult. Each node holds a copy of the ledger and participates in consensus.

Transaction Volume

• Ethereum processes ~1.6 to 1.7 million transactions per day, averaging ~60,000 to 70,000 transactions per hour.

• Over a full year, that totals to roughly 600 million transactions — a testament to the platform’s high throughput and widespread use.

Consensus Mechanism & Trust

• Since September 2022, Ethereum uses Proof‑of‑Stake (PoS) instead of energy‑intensive Proof‑of‑Work, reducing energy consumption by 99%.

• Blocks are added roughly every 12 seconds, with block proposers (validators) staking ETH to participate in consensus. This ensures secure, transparent, and energy-efficient operation.

Why These Metrics Matter for New Tibet Coin

Feature	Why It Matters
High daily TX volume	Liability to adopt network with proven scalability
Thousands of independent nodes	Builds trust by eliminating single-point failure or censorship
Proof of Stake (PoS) consensus	Supports sustainability (extremely energy effecient, >99% better than for instance Bitcoin) and aligns with ethical mission
Fast block times (~12 s)	Enables rapid token transactions & responsive governance

5. Network Values to Communicate

• ✅ Security by design: Distributed consensus by thousands of validators prevents fraud or manipulation.

• ✅ Transparency for all: Public ledger ensures that every transaction with NTC is auditable.

• ✅ Sustainability: PoS allows energy-efficient operations — in line with Tibetan cultural values of harmony and care for the environment.

• ✅ Scalable & global: Ethereum’s daily volume proves it can handle a token economy like New Tibet’s with ease.

6. How Technical Infrastructure Supports Mission

For New Tibet, building on Ethereum means:

• Reliable currency issuance: Creating NTC on Ethereum as an ERC‑20 token taps into existing trust infrastructure.

• Instant verification: Token issuance, transfers, and eligibility (e.g. verified Tibetan identities) can be managed with immutable records.

• Interoperability & tools: Compatible with wallets like MetaMask and Layer‑2 solutions (Arbitrum, Polygon) to reduce fees and scale community participation.

Conclusion

Ethereum delivers a globally proven blockchain with robust decentralization, high throughput, and low energy use. These characteristics support the design ethos of New Tibet Coin: transparent, sustainable, scalable, and trustworthy. The blockchain’s performance numbers—millions of transactions per day, thousands of nodes—are not just stats but symbols of reliability upon which an entire digital state can confidently build.