“Intercon”, decentralised social and economic systems of the future

contact at theintercon.org contact at theintercon.org
Wed May 5 06:13:35 PDT 2021

I hereby propose “Intercon”, a decentralised consensus protocol whose 
unique features comprise:
-BFT distributed consensus that utilises the only existing real-world 
resource whose value grows with its decentralisation (according to 
Metcalfe’s Law) as a factor governing distribution of coins and 
participation in consensus – Internet bandwidth. This ensures that 
decentralisation is self-sustaining and cannot be stopped by 
centralisation of e.g. ASIC manufacture and use (as in Proof-of-Work) or 
initial coin distribution (as in Proof-of-Stake).
-Infinitely scalable network of interoperable networks, without any kind 
of a central chain responsible for coordinating the system (which would 
be a choke point limiting scalability).
-Distribution of the task of reaching decentralised consensus on 
external (network-exogenous) values by said network of networks.
-Decentralised, secure and robust method of creating algorithmic 
stablecoins and synthetic assets.
Thanks to mentioned features, creation of almost any and all economic 
and social systems that allow for:
-using Internet bandwidth itself as a real-world resource that governs 
the distribution of power amongst consensus participants, the only 
possible solution for true decentralisation;
-infinite scalability in the truest sense of the word;
-the ability to seamlessly interact with almost any real-world 
is made possible.
It is evident that social and economic systems of the future must be 
scalable and resistant to centralisation in order to be as efficient as 
the centralised ones, yet incorruptible and serving all of us. What is 
less understood is that they must be able to reach (most importantly, 
without losing mentioned properties) consensus on any value, occurrence 
or event – not only on financial transactions within a particular 
distributed ledger. In our society, financial consensus facilitates 
social one and vice versa, those two being like two sides of the same 
coin. Decentralised society of the future must have this basic capacity 
as well.

Detailed documentation is available here:

Alessandro Toumi

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