PIG
CreditCash : Community-Based Social Token with CRDT
This project, inspired by Secure Scuttlebutt and the concept of local crypto-tokens, aims to create CreditCash, a CRDT-based social token ledger for community use. It plans to utilize existing social networks and identity management on Ethereum to issue community-bounded tokens, focusing on trust and identity-first approaches without centralized bookkeeping. The tokens are linked to identities, and bad behaviors are managed through social mechanisms rather than technical prevention, emphasizing a community-driven approach. This system intends to provide a low-cost, instant, and scalable method for community token exchanges, leveraging CRDT technology for decentralized consensus and eventually consistent state management. The project plans a prototype web app and community pilot programs to test and refine the system.
Author: Jiang