Terms and Definitions in the Bitbon System

Bitbon System social network of economic relations based on the distributed ledger technology (blockchain)

Bitbon System social network of economic relations based on the distributed ledger technology (blockchain) is a form of organization of the Bitbon System Community that allows its users to realize social relations by executing their methods of managing their property or personal non-property rights using digital assets[i] based on the Bitbon System[i]. Decentralized management of the Bitbon System is carried out by Bitbon System Participants[i] in the interests of all Bitbon System Users[i] in accordance with the requirements of the Bitbon System Public Contract[i] based on the “Participant” status[i] , the role[i] and account rating[i] of the Participant, the combination of which determines the scope of each Participant in managing the Bitbon System Social Network.