The African Uhuru White Paper

A Single Unified Cryptocurrency Is the First Step on the Road to Prosperity and Economic Freedom for Africa

The African Uhuru: A Single Unified Cryptocurrency Is the First Step on the Road to Prosperity and Economic Freedom for Africa

The purpose of the creation of the Uhuru cryptocurrency is to replace the current 42 separate African currencies. The creation of a single Uhuru cryptocurrency is intended to be the first step on the road to the founding of the United States of Africa. Initially, the 54 African nations do not have to trust one another. They merely have to trust the unparalleled security and dedication to decentralization of the Uhuru blockchain code.

The African Uhuru is the most viable single currency solution for Africa. The Uhuru is not an altcoin forked from either Bitcoin or Ethereum. The Uhuru is not a stablecoin. The Uhuru is a crypto coin, a form of digital currency, that is native to its own blockchain. The Uhuru is designed to store value and work as a medium of exchange, similar to traditional currencies. This is why it is referred to as a cryptocurrency. It is a replacement for traditional fiat currencies. It is designed to work in the same ways as paper money and metal coins, meaning it can be used for many of the things normally used with U.S. dollars or euros, including: storing value, exchanging for other currencies, paying for goods and services, and transferring to others.

In sum, we’ve developed a digital coin system that doesn’t rely on traditional trust. To prevent the same coin from being spent twice, we use a decentralized network with a “proof-of-work” consensus mechanism. This creates a consistent, near-unalterable record of transactions. Nodes in the network operate anonymously, simultaneously, and without strict coordination. They validate transactions based on computational contributions, ensuring the system’s integrity and security.

Summary of the Advantages of the African Uhuru

(1) The challenges facing the creation of a single fiat currency for Africa do not apply to the Uhuru. The 54 African nations do not have to trust one another. They merely have to trust the Uhuru blockchain code.

(2) The unparalleled security and dedication to decentralization of the Uhuru blockchain code.

(3) Unlike Ethereum and its progeny, the Uhuru is unhackable.

(4) Unlike Bitcoin, there is no cap on the complete supply of Uhuru coins which will be minted. The coin supply will gradually increase over time as new blocks are added to the blockchain. As a result, the ownership of the Uhuru will not be concentrated in the wallets of a handful of whales.

(5) The Uhuru will ensure that the egregious disregard for the integrity of the financial system by U.S. plutocrats will not be replicated in Africa.

(6) The stability of the Uhuru will be further increased by requiring:

(a) Non-African purchasers of any African commodity or natural resource to make payment in Uhuru coin.; and

(b) Non-African corporations to pay a corporate tax and export tax, if applicable, in Uhuru coin.

(7) The purpose of the creation of the Uhuru cryptocurrency is to replace the current 42 separate African currencies. This could be accomplished in a relatively short period of time.

(8) The Uhuru will also address the African population’s enormous lack of access to electricity by co-locating small-scale African Uhuru data centers with mini-grids powered by solar PV or modular thorium molten salt reactors.

Download the white paper here.