Funex Coin

The Funex coin blockchain is a decentralized, programmable database designed to support a low-volatility cryptocurrency that will have the power to serve as an efficient medium of exchange for billions of people around the world.
We present a proposal for the Funex Coin protocol, which implements the funex blockchain and aims to create a
financial infrastructure that can foster innovation, lower barriers to entry, and improve access to financial services.
To validate the design of the Funex Coin protocol, we've built an open-source prototype implementation — Funex
Coin — in anticipation of a global collaborative effort to advance this new ecosystem.
The funex coin protocol allows a set of replicas — mentioned as validators — from different authorities to jointly maintain a database of programmable resources. These resources are owned by different user accounts authenticated by
public-key cryptography and cling to custom rules specified by the developers of those resources. Validators
process transactions and interact with each other to reach a consensus on the state of the database. Transactions
are based on predefined and, in future versions, user-defined smart contracts in a new artificial language called to
move.
We use a move to define the core mechanisms of the blockchain, such as the currency and validator membership.
These core mechanisms enable the creation of a unique governance mechanism that builds on the steadiness and
reputation of existing institutions within the early days but transitions to a completely open system over time.