Falconivity is a peer-to-peer exchange of value in the digital realm through the use of a decentralized protocol, cryptography, and a mechanism to achieve global consensus on the state of a periodically updated public transaction ledger called a 'blockchain?. Falconivity is a global payment, Scrypt based network that is fully decentralized without any central authorities which enables instant, near-zero cost payments to anyone in the world. Compared to Bitcoin, Falconivity features faster transaction confirmation times (1 minute) and improved storage efficiency.