A well-designed cryptocurrency has all the following features:
- sustainable and equitable monetary policy
- strong transaction privacy
- decentralized market (including decentralized conversion in/out of fiat/crypto)
- viability in real-world commerce
- substantially decentralized and democratic project governance
- systemic mechanisms to automatically and proactively prevent the destructive concentration of wealth and project governance power within the cryptocurrency’s ecosystem
Without that minimum set of features, a cryptocurrency is merely an interesting science project because it will never protect humanity from the economic and political oppression of gigantic corporations and governments.
NB: Of course, the technical design principles above are the primary design features of Gini’s technical architecture, which implicitly include all the geeky concepts that you will usually hear in any technical cryptocurrency discussion, e.g., decentralized consensus protocol (specifically, “Proof-of-Commitment Protocol” in Gini’s case), Dynamic Guardian Nodes to prevent numerous forms of network attacks (e.g., 51% attacks, Sybil and man-in-the-middle attacks, numerous byzantine attacks, double-spend attacks, etc.), transaction speed comparable to the typical credit card transaction experience, assurance that no Gini cryptocurrency can be created out of “thin air,” and many other technical principles. If these deeper technical principles are interesting to you, please read the Gini Whitepaper.