Today IOTA announces it’s Coordicide solution for the removal of the Coordinator, a breakthrough step towards becoming the world’s first scalable and fully-decentralized distributed ledger technology. The planned protocol upgrade provides a new, decentralized mechanism for securing the IOTA network. With this upgrade IOTA will be the first DLT to solve three fundamental problems with blockchain technology: high fees, scaling and centralization.
Find the full version of the press release here: http://www.businesswire.com/news/home…
For more information visit: https://coordicide.iota.org/
[A white fortune cookie paper with black text on the front and an icon of a bee. It reads: Soon you’ll have a chance for a profitable transaction.]
A parent saying to their child,
“you owe me because I feed you,”
is tantamount to them saying,
“I had a baby and then didn’t murder it through neglect, so it’s my slave.”
Murabahah is a specific kind of sale where the commodities are sold on a cost-plus basis. This kind of sale has been adopted by the contemporary Islamic banks and financial institutions as a mode of financing. They purchase the commodity for the benefit of their clients, then sell it to them on the basis of deferred payment at an agreed blah of profit added to the cost. If a fund is created to undertake this kind of sale, it should be a closed-end fund and its units cannot be negotiable in a secondary market. The reason is that in the case of murabahah, as undertaken by the present financial institutions, the commodities are sold to the clients immediately after their purchase from the original supplier, while the price being on deferred payment basis becomes a debt payable by the client.
Therefore, the portfolio of murabahah does not own any tangible assets. It comprises either cash or the receivable debts, Therefore, the units of the fund represent either the money or the receivable debts, and both these things are not negotiable, as explained earlier. If they are exchanged for money, it must be at par value.