“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
events/variables
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:
https://www.theintercon.org/assets/intercon_documentation.pdf
Alessandro Toumi
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