The Crown Sovereign (CSOV) is a cryptocurrency resistant to encryption vulnerabilities presented by quantum computing, ensuring future-proof protection of user data and token value. CSOV will be the first listing on FMFW Exchange, which is the rebranded name of Bitcoin.com Exchange, on Oct. 5.
The acronym of Bitcoin.com Exchange’s rebranding to FMFW stands for “Free the Money, Free the World,” in an effort to better align with the cryptocurrency ethos of empowering people to be their own banks and take control of their money. While Crown Sterling Limited LLC initially planned to release the Crown Sovereign on the Bitcoin.com Exchange, the rebranding very much aligns with its mission to enable data sovereignty, protection and control in the digital age.
The Crown Sovereign Token (CSOV) is the brainchild of the mathematician team at Crown Sterling, a cryptography and digital asset solutions provider. CSOV exists as a means to enable token holders to pay for the secure transmission of their data with each token transaction on the Crown Sterling Wallet, Crown Sterling’s native data transfer and messaging application.
With data emerging as the most valuable asset of the digital age, the CSOV serves as a tool that will enable individuals to protect, control and monetize their data in an era of largely unregulated big tech vulnerability and monopolization.
In June, Crown Sterling established the “Data Bill of Rights,” which has been included in the genesis block of the Crown Sterling chain. “The Data Bill of Rights” declares digital assets to be the intangible personal property of original producers (consumers) under existing property laws and protections.
Crown Sterling chain is a live network on the Polkadot blockchain and is the first to implement quantum-resistant, one-time Pad encryption as an option for a blockchain’s state transition function, which is the process flow of transactions on a network. Crown Sterling is built on Polkadot to enable high speed, concurrent transaction, and integration of custom encryption solutions, which Polkadot permits. Crown Sterling looks forward to becoming the leading platform for users to embrace the future of data and digital asset management.
“As individual privacy continues to deteriorate, we are thrilled to have engineered a quantum-resistant digital asset, the Crown Sovereign (CSOV), in an effort to preserve and protect people’s right to control their own data and the value it holds… privacy and trust is eroding as big tech companies continue to capture, control and commoditize our personal behavior and information. With CSOV, token holders are invited to take part in the future of data protection as the crypto ecosystem and quantum capabilities unfold,” said Robert Grant, CEO and co-founder of Crown Sterling.