1Money Network

About 1Money Network

1Money is pioneering a payments network specifically tailored for stablecoins, offering a robust solution for secure and efficient transactions. The company operates in the financial technology sector, focusing on providing a decentralized and deterministic Byzantine Fault Tolerant (DBFT) design that enhances the security of stablecoin funds and transactions. This architecture is superior to traditional payment networks and probabilistic BFT blockchains like Bitcoin, as it effectively mitigates risks such as hacks, exploits, and double spending. 1Money's network is capable of processing over 250,000 transactions per second (TPS) and is designed to scale effortlessly to accommodate virtually unlimited demand. By separating transaction processing from other network functions, such as governance and advanced checkpointing, 1Money ensures continuous processing stability without sacrificing performance. The company's patent-pending protocol is a highly parallelizable system that increases transaction processing capacity linearly through node-level horizontal sharding. This capability positions 1Money to meet the transaction needs of billions of users worldwide. The business model revolves around providing a secure and scalable infrastructure for stablecoin transactions, targeting clients who require high transaction throughput and enhanced security. 1Money generates revenue by offering its network services to businesses and individuals engaged in stablecoin transactions.