SpyritCoin
SpyritCoin is a deflation utility token built on top of Polygon. About Blockchain Blockchain is a decentralized ledger. It is a network of computers that have identical copies of a database and change their state (records) to a common agreement based on pure mathematics. All this means that there is no need for a central server or any entity we trust (e.g. central bank, notary, bank, Paypal, etc.). Blockchain is the technological basis for all cryptocurrencies, be it Bitcoin, Ethereum, Hyperledger, etc. An important part of the blockchain is a smart contract, a piece of code that is stored on the blockchain network (in the database of each participant). It basically defines the conditions under which all parties use the contractual agreement. Therefore, if the required conditions are met, certain actions are executed. Since smart contracts are stored on all the computers on the network, everyone should run them and get the same result. This way the user can be sure that the resul...