Booger Coin A White Paper 11 th of June 2021 Honda’s Decentralized Offices Copyright reserved for holders White Paper Booger Coin 6/11/2021 Page 1 Contents 1. Introduction / Background ................................ ................... 2 2. Abstract / Business Case ................................ ...................... 2 3. Problem Statement / Introduction ................................ ......... 2 4. Proposed Solution(s) ................................ ............................ 2 a. Introduction of Solution ................................ .................. 2 b. Application of Solution ................................ ................... 2 5. Future Di rection / Long - Term Focus ................................ .... 2 6. Results / Conclusion ................................ ............................. 2 7. Blockchain Techonlogy.............................................2 8. Decentralized.........................................................2 White Paper Booger Coin 6/11/2021 Page 2 1. Introduction / Backg round Booger Coin and how it is effective in providing a better future for money. 2. Abstract / Business Case Decentralized and Powerful. 3. Problem Statement / Introduction How do we handle the hundreds of millions of people who do not have access to banking sy stems? 4. Proposed Solution(s) a. Introduction of Solution Having a decentralized blockchain will help us fix the problem. b. Application of Solution No banks would be needed if people started using Booger Coin. 5. Future Direction / Long - Term Focus Holds long term h igh values in the future and will have a huge use - case in the next few years. 6. Results / Conclusion Allowing people to access the global money system with ease of use. White Paper Booger Coin 6/11/2021 Page 3 Blockchain Technology Blockchain is one of the mostly discussed technology nowadays a s a potential successor of the internet. The technology combines a set of existing technology, including distributed data storage, peer - toper transmission, and consensus mechanism and encryption algorithm, to introduce of a new way of data formation, trans mission, storage and usage. The breakthroughs brought by blockchain technology has the potential to fundamentally change the existing economic and financial mode of operation and may even lead to a huge tech revolution that changes the way we think and tr eat money. A blockchain is a tamper - proof and decentralized data structure that joins data blocks chronologically. The nature of the blockchain is a distributed ledger system. Encrypted digital assets, such as Bitcoin, is the digital currency of this syst em. In other words, blockchain serves as the underlying technology for digital assets and for a distributed, encrypted and credible accounting and clearing system. Decentralized Decentralization is the fundamental characteristic of the blockchain. In a tr aditional centralized network system, the destruction of a central node can paralyze the entire system. However, for the blockchain network, due to the use of distributed ledger and storage, there is no centralized hardware or institution, so rights and ob ligations of any node are equal. Therefore, data blocks in the system will be maintained and protected by all the notes in the system, and attacking a node cannot destroy the entire network.