1. Introduction

1.1 The Problem with Centralized Currency

Traditional financial systems are plagued by inefficiencies, high transaction fees, lack of transparency, and exclusion of billions of people from the global economy. Centralized control over currency issuance and management often leads to inflation, corruption, and unequal distribution of wealth. The need for a decentralized, trustless, and borderless currency has never been more urgent.

1.2 The Solution: Pei

Pei is a fully decentralized digital currency that operates on a peer-to-peer network, free from central authority control. It leverages blockchain technology to ensure transparency, security, and fairness. Pei is designed to be accessible, scalable, and sustainable, enabling seamless transactions and financial empowerment for all.