| Type | |
| Physical form | Lightweight, portable object |
| Value storage | |
| Payment system | |
| Value transfer | |
| Place of origin | |
| Value fluctuation |
The world of this alternate universe utilizes a unique global payment system known as LytCred. Operating on advanced digital technologies and a unique physical component, this decentralized currency is universally accepted as a medium of exchange.
LytCred, at its core, is a digital or electronic payment system that enables transactions between individuals and businesses. Unlike conventional currency systems based on paper money or metal coins, the value transfer of LytCred is facilitated by utilizing a centralized database along with portable physical units, each generating a specific energy signature.
The physical aspect of the LytCred system is a small, lightweight object, designed to be easily portable and possessed. When activated, it registers the owner's identity by producing a unique energy signature. The number of LytCred units owned by an individual is recorded in a central database but can only be accessed by the owner, ensuring privacy and security.
LytCred can be exchanged and shared between individuals with ease. Once ownership is transferred, the original owner loses access to the energy signature, marking a successful transaction. In effect, the value of the LytCred units remains unchanged, but the ownership is shifted, thus establishing a medium for trade.
To facilitate transactions or convert value, physical LytCred units can be taken to "LytVaults." Within these locations, special processes occur that convert the energy signatures between LytCred units and account balances registered in the system. This process is transparent and instantaneous, ensuring trust and reliability in the system.
LytCred is universally accepted as a means of payment in this alternate universe, bridging country borders and regional financial systems. However, in keeping with traditional currency systems, the value of LytCred on the global market fluctuates based on factors such as supply and demand, making it a dynamic system in which traders should remain vigilant.
