Frequently Asked Questions

What Is Viskous?

Viskous is a protocol that facilitates the direct exchange of goods and services using digital technology. Unlike traditional currency-based transactions, this system relies on blockchain technology to facilitate secure, transparent, and direct exchanges without the need for intermediaries like banks or fiat currencies.

How Does Blockchain Technology Work in This Context?

Blockchain is a digital ledger that records all transactions across a network. In the context of Viskous, it ensures that each transaction is secure, transparent, and tamper-proof. This means when you exchange a good or service, the transaction is recorded on a blockchain, ensuring its validity and traceability.

Is Viskous Similar to Using Cryptocurrency?

While both use blockchain technology, they serve different purposes. Cryptocurrency is a digital or virtual currency that is declared to have value without representing any value in the real world, while Viskous is about directly swapping real world goods and services. Think of Viskous tokens as a way to trade items directly, like a modern version of bartering, but more sophisticated.

What Products and Services Are Compatible with tokenization?

Virtually any product or service that has a definable value can be compatible with Viskous tokens. This includes tangible goods like electronics, clothing, vehicles, and real estate, as well as intangible services such as consulting, digital design, educational courses, and professional services. The key factor is that the value of these products or services can be clearly communicated and agreed upon by the parties involved in the exchange.

How Is the Value of Goods or Services Determined?

The value is typically agreed upon by the parties involved in the transaction. In some cases, the platform might provide a guideline or a reference system to help determine value, but ultimately, it's a mutual agreement between the buyer and seller.

Who Determines Which Products and Services Are Tokenized?

The decision to tokenize a product or service typically lies with the owner or provider of that item. In the Viskous protocol, individuals or businesses can choose to tokenize their offerings, converting them into digital assets represented by tokens. These tokens can then be exchanged within the platform. The platform may provide guidelines or criteria for tokenization to ensure consistency and reliability in the digital marketplace.

What Real World Value Backs the Tokens?

In the Viskous protocol, tokens are backed by the real-world value of the products or services they represent. Unlike some cryptocurrencies, which may not have a physical counterpart, tokens in a Viskous are directly linked to the tangible or intangible assets they represent. The value of these tokens is essentially the perceived value of the goods or services in the real world, as agreed upon by the participants in the exchange. This linkage helps maintain a realistic and tangible sense of value for each token within the ecosystem. Because Viskous token values are tied to the value of the products and services they represent, they do not see the same levels of price speculation and hype as is common for many valueless cryptocurrencies.

Why do tokens often have expiration dates?

Because Viskous tokens represent real world products and services that often have limited use or limited capacity within a specific time range, Viskous tokens must also represent time-bound criteria so that businesses can ensure capacity and adequate supply, and consumers can be assured of service. Some products also simply expire after a period of time, and therefore redemption must reflect that real-world limitation.

Are Viskous Transactions Secure?

Yes, they are very secure. Blockchain technology ensures that each transaction is encrypted and recorded, making it nearly impossible to alter or hack. This provides a high level of security and trust in the system.

Do I Need to Understand Cryptocurrency to Use Viskous?

Not necessarily. While a basic understanding of blockchain and digital transactions can be helpful, the system is designed to be user-friendly. If you understand simple online transactions, you should be able to use Viskous platforms with ease.

Can Viskous Be Used for Large Transactions?

Yes, it can be used for both small and large transactions. The system is scalable and can handle transactions of various sizes, from small personal exchanges to larger business transactions.