Our views on Blockchain & Our Vision

What does that mean?

Is it what I think
it is?


Rotondaย means roundabout .

Rotonda is a Latin (Italian and Spanish) based word with two different meanings.
The first one is 'roundabout'.

Intersections are places where ๐Ÿ‘ฅ strangers cordially agree to yield and let each other cross safely.
They are the typical case of the Prisoner's Dilemma โš–๏ธ in Game Theory. Assume we're in a car ๐Ÿš˜ and come across an intersection.
To cross it safely,โš ๏ธ we need to reach a mutual agreement.๐ŸคIt's a matter of deciding who goes first.๐Ÿƒ
we need to come to ๐Ÿ›ฃa mutual agreement.

First: Traffic Lights

It's one of the most common ways to manage an intersection and it's centrally controlled.

Second: Tailgating

Tailgating in the middle of a congested intersection.

Third: 4 way stop

A popular traffic management system in the US.

Given that installing traffic lights in low-traffic areas isn't efficient and cost-effective.
It requires vehicles from all directions to stop at the intersection before crossing, making First In-First Out the rule of thumb.


A final alternative is
the roundabout

Roundabouts are circular intersections that require incoming traffic from all directions to slow down. It's an algorithmic-like logic that doesn't require traffic lights or implicit rules to reach a mutual agreement.


Recently, there's been a significant increase in the number of roundabouts in the Korean countryside where population density is low.

It's been a simple and cost-efficient solution highly suited for Koreans who tend to lack patience and dislike waiting in red lights when no one is around. ๐Ÿ˜„

We believe that

the algorithmic-like consensus at roundabouts is in line with the principles of blockchain

so we have chosen to implement it as Rotonda's main doctrine.


Rotonda is alsoa type of architectural style

'Rotonda' or 'Rotunda' also means a large structure with a dome-shaped roof in the center. In the same context, Rotonda also contains our hope for our company to prosper and become a large monument.


Rotonda is a word that's easy for Koreans to remember because it sounds similar to 'lottery' in Korean.๐Ÿ˜…

To wrap it up,
the Rotonda team believes in the Blockchain principles And
WE believe in making the world a better place by bringing value to our users through the Blockchain.

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