The purpose of the eTolar project is to offer an alternative to old-generation cryptocurrencies that have zero intrinsic value, and to demonstrate the usefulness of an asset backed currency in real-life operation. eTolar uses the newest blockchain technology which is capable of 3 seconds of transaction execution time and high throughput performance of 2,000 TPS. The old generation social media uses a business model where content creators create monetizable content that brings social media operators $40 billion a year and content creators get nothing.
The aim of the project is also to demonstrate that brand new business model based on cryptocurrency can successfully compete with this old business model.
The cryptocurrency, which will become the most widely used and popular, will get into this position through the use in the social media.
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