Journal of Research and Development
Open Access

Abstract

Global Digital Reserve (GDR): A New Era of Monetary Systems In Digital Finance-Design, Implementation, and Potential Impact on the Global Financial Landscape

Nathan Pierce*

The Global Digital Reserve (GDR) represents an innovative paradigm in the world of crypto currencies, designed to overcome existing limitations and enhance global financial inclusivity. This paper delves into an in- depth analysis of the GDR, its design, technical implementation, and potential influence on the international monetary landscape. The GDR aims to combine the merits of traditional fiat currencies and crypto currencies, offering a stable, secure, and efficient digital currency that could be universally adopted. It operates on a hybrid model, balancing centralized control with decentralized architecture, and it is pegged to a basket of major global currencies to maintain stability. The GDR implements a custom consensus algorithm for security and efficiency and is backed by advanced AI security measures. Future developments and research aim to position the GDR as a universally accepted digital currency, with the potential to revolutionize global finance. Comparisons to existing financial structures are drawn, highlighting the GDR's potential advantages over traditional fiat currencies and other Crypto currencies.

Published Date: 2023-12-29; Received Date: 2023-11-27