Replicate physical cash with TODAQ Digital Twin Bearer cash payment

Two TODAQ cloud hosted digital twins transact with user interaction through the Twin web clients.

Alice will pay Bob $10 in TODA file bearer cash.

Alice possesses and has control of four TODA file bearer cash assets that total $309.00 in value. The bearer cash files internally hold their own proof of integrity which includes the issuer proof, the current owner - Alice, as well as their unique quantity among other elements.

Alice's digital twin first splits off a unique $10 bearer cash file out of one of the larger bearer cash files. (TODA files that internally hold a quantity can fractionate). Alice's digital twin then transfers control of that new $10 file to Bob's twin.

NOTE that $10 bearer cash TODA file is still in the Alice digital twin's possession, transferring control in TODA is distinct from sending the file. Imagine a simplified, artificial example to drive this home: Alice possesses a paper property deed that is in her file cabinet. Alice owns the property deed because her name is listed as the owner. Alice transfers control of the paper deed by putting line over her name and writing in Bob's name as the new owner. Bob is the owner but doesn't possess the deed yet, so Alice sends the paper deed to Bob.

So the final action is the new $10 file will be sent from Alice's digital Twin to Bob's digital twin. Bob's digital twin will verify the integrity proof of the new $10 file that it has received as well as its control of the file, and then add that new value to its total balance.

The network load is minimal - almost zero. Alice's digital twin does the vast majority of the computation work. In order to complete the integrity proofs and transfer of control, Alice's digital twin will transmit a couple of cryptographic hashes through the TODA distributed graph architecture and receive a couple of cryptographic hashes back which is integrated into the internal cryptographic structure of the bearer cash files to complete their integrity proofs. Bob's digital twin can verify the $10 file it receives entirely locally, this action does not require network effort.

For all effective purposes, TODA files replicate how physical cash and goods transactions work and eliminate well over 95% of the processing and third party fees to settle transactions. Because the computation and messaging effort is all on the Edge using the systems and devices of the transacting counter parties, and because any type of asset can be expressed as a TODA file; there is really no limit to how large this can scale.