With the Tagcash Blockchain, anyone can create their own custom currencies representing rewards, assets, private and micropayment currencies. Options include the name, description, fixed issuance or reissuable, and up to 8 decimal places. Permissions include Admin and Issue, and soon will include Activate, Send and Receive.
In addition to using the wallet system for users and merchants, Tagcash offers extra services once a token has been created, such as Exchange Trading between other currencies and Crowdfunding to help sell your Token.
If you are looking to launch a Token sale (aka ICO), Tagcash offers a one stop shop, offering advice and support before, during and after a launch.
FAQ(Frequently Asked Questions)
Very soon, Tokens can be created and controlled from within the Tagcash Wallet on web and mobile
Issue - issue more of your created asset, but only if reissue was enabled when Token was created.
Activate - enables others to grant other addresses send and receive permissions.
Send & Receive - each address can be given permissions to send or receive.
When using the command line, permissions can be granted or revoked like this:
grant addresshere admin, issue, activate, send, receive revoke addresshere admin, issue, activate, send, receive
The second option is create a wallet node by connecting to the Tagcash Blockhain, and send RPC-JSON commands, such as sending money to others, creating new addresses and so on. Those addresses can be tied to your users in your application.
Managed Wallet - Tagcash manages your balances, and you have 1 address to use for receiving funds. This is also what is used for exchange trading
HD Wallet - Hierarchical Deterministic wallets allow you to control your own funds, but you are responsible for your own private keys, which enable you to spend those funds. A set of 12 random words is created which should be backed up in case you lose your phone etc, and an optional passphrase can be used. If you forget or lose both of these then there is no way for Tagcash to retrieve the data since they are stored on your device not our servers. The advantages are that you can create as many addresses as you want for receiving funds, and you control your own funds.
Once you are connected to the Tagcash Blockchain, either personally using a Multichain Node Wallet, or via an application using the blockchain, you can send funds to anyone anywhere else using the same system, using public addresses to send to.