M0

M0 is a currency middleware for the digital age. Based on a decentralized architecture and a first-class collateral design, M0 allows institutions to issue encrypted dollars. It also enables the distribution of M to beneficiaries and holders of the governance token (ZERO). There are three main types of participants in the protocol: minters, verifiers, and beneficiaries – all of whom are authorized through governance. Protocol variables are also managed by governance and stored in the registrar configuration contract.