Hi there, my clever friend! 👋 Do you know what a patent is? It’s like a special sticker that says “This is YOUR idea!” 🙌 Today, a smart company called Tassat just got a super cool sticker for their new invention! This invention helps people move money around on computers in a safe and fast way. Isn’t that fun? Let’s learn the whole story together! 🌟
Tassat patent: What’s a Patent?
Imagine you draw a beautiful picture at school. You want everyone to know it’s YOUR picture, right? So, your teacher puts a special sticker on it that says “Made by YOU!” That sticker is kind of like a patent! 📝✨
Now, Tassat is a company that works with computers and money. They had a super smart idea about how to make money move safely on the internet. The government said, “Wow, that’s a great idea! Here’s your special sticker!” This sticker is called a “Tassat patent.” It means no one else can use their idea without asking first. Cool, huh? 🤩
What is Onchain Settlement?
You know how you sometimes trade toys with your friends? Like, “I’ll give you my red car for your blue truck”? 💱 Money can be traded too, but on computers! This is called “onchain settlement.” It’s like a super-fast trading game for grown-ups with digital money.
Think of it like this: You have a toy in your room, and your friend has a toy in their room. You want to trade. But you don’t want to walk all the way there. So, you use a magic walkie-talkie that says “Trade!” and poof! The toys switch places! That’s what onchain settlement does, but with money on computers. 🪄💻
Yield-in-Transit: The Money That Grows While It Moves!
Here’s the really cool part! When money moves on the internet, it usually just sits there doing nothing. But Tassat’s smart idea makes the money work while it’s moving! This is called “yield-in-transit.” It’s like if your toy car kept making tiny toy wheels while it was being traded! 🚗✨
Imagine you have a piggy bank. Normally, your coins just sit there. But what if your piggy bank was magic and made more coins while you were trading it with a friend? That’s what yield-in-transit does! It helps people earn a little extra money while their money is moving around. How neat is that? 💰🌟
The Lynq Network: A Super-Friendly Money Highway!
Now, Tassat didn’t just make this idea for themselves. They shared it with other smart companies! Together, they made something called the “Lynq network.” Think of it like a super highway for money! 🛣️💳
Just like cars need roads to drive, money needs a path to travel on computers. Lynq is like a special road that’s super safe and fast. Big companies use this road to move lots of money quickly and safely. It’s like having a VIP lane at the amusement park! 🎢🎉
Why This Matters for Everyone
You might be thinking, “This is all about money for grown-ups. What does it have to do with me?” Well, my smart friend, when grown-ups have better ways to move money, it helps everyone! 🌍
Think about it like this: When your parents go to the store, they need money. When banks and companies can move money faster and safer, it means stores can have more toys, more books, and more yummy food for everyone! It’s like making the whole world a little bit better, one digital dollar at a time. 🌈🛍️
FAQs
Q: What is Tassat?
A: Tassat is a company that makes smart computer programs to help with money.
Q: What does “onchain settlement” mean?
A: It’s a fancy way of saying “trading digital money on computers.”
Q: Is yield-in-transit like magic?
A: It’s not real magic, but it does make money work extra hard while it’s moving!
Q: Can kids use the Lynq network?
A: Not yet! It’s for big companies right now, but maybe one day you’ll use something like it!
Q: Will this make my allowance bigger?
A: Not directly, but it might help your parents’ jobs and make things at the store better!
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Conclusion
Wow! We learned so much today! Tassat got a special patent for their smart idea about moving money on computers. Their “yield-in-transit” invention makes money work while it moves, and the Lynq network is like a super highway for digital dollars. 🌟
Remember, every big invention starts with a simple idea. Maybe one day, YOU’LL have a great idea that gets a special patent too! Keep being curious and asking questions, just like you did today. You’re amazing! 🌈🚀
Before you go, check out this cool video about how digital money works: AI Money Adventure!
And if you want to learn more about how the U.S. government helps with digital money, you can read this story: How the U.S. Makes Digital Money Safer.
Also, here’s a fun story about how computers keep digital money safe: The Digital Money Police.
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