๐ฆ ๐ช
Egalitarian, Max Fairness, and Max Freedom. Not a blockchain: a parallel async BFT-CRDT. No-ICO: RandomX PoW coin creation. Volunteer Only. Coming 2026.
@GabsKitchen Bitcoin created ~144x (50BTC) blocks per day. By using an aBFT-CRDT instead of serial blocks Egal will support many millions of PoW mining claims per day in parallel!
Bitcoin & blockchain architecture doesn't have enough block space for everybody to perform 1 transaction every day. This is a difference between a centralized Store-of-Value and E-Cash.
Egal will enable & empower everybody everyday: E-cash.
Let's start a new #Bitcoin cultural tradition.
An annual Proof of Keys Celebration on Jan 3rd to declare monetary sovereignty by withdrawing all $BTC held w/ trusted 3rd parties to software we control private keys & do network consensus.
Who is w/ me? ๐ช https://t.co/sJhOYSjStH
Bitcoin has become a slow digital gold SoV with >51% of consensus centralized to 3 big miners.
Egalcoin will be the most fair electronic CASH SYSTEM without ASICs, centralization, or early insider advantage. Egalcoin has evolved beyond a slow chain of blocks to a BFT-CRDT.
Egal will never sellout to VC, never fundraise, never ICO/ITO, never Airdrop, never pay an Exchange, and never abandon our principles & values. We will develop and launch for free.
Wait until 2026 for the Egalcoin Core full node P2P wallet then RandomX PoW mine Egal yourself.
Hayek's dream is a free, fair, ethical, circulating, flowing, decentralized money. Chain of blocks architectures like Bitcoin are stores of value, but aren't designed for fiat-replacing money.
July 14th is the 1-year anniversary of the Egalcoin whitepaper. Our principles & values are based on nonviolent selfless innovation & progress. Six months ago the author team choose a no-ICO BFT-CRDT instead of a blockchain.
The whitepaper is hosted at https://t.co/rmLh1p4o50
Sorry @toly , nothing about Venture Capital investors, early insiders, initial coin offerings, corporate partnerships, inflating supply money printing, and having a state so large only Google can store it all is Egalitarian.
Egal embodies Egalitarian principles & values.
If Bitcoin's chain-o-blocks is like a Nokia & numberpad, a BFT-CRDT is like an iPhone & glass touchscreen. Totally ordered serial chains of blocks was never the most beautiful, parallel, decentralized data structure for a future monetary system. The future will look different.
#Bitcoinย is in the โNokia phaseโ. Strong, durable, does a few things really well. Decent adoption.
Wait til we hit the โiPhone phaseโ. Tons of apps, used for everything, canโt remember life without it. Mass adoption.
Remember this could take a decade.
https://t.co/bFWCTrrqaC
Notice that after Bitcoin and Ethereum the evolution becomes fully peer-to-peer local and transgalactic. It is impossible for chains of blocks consensus to scale across the stars and update for a post-quantum age, but not for a BCRDT.
40 sec AI-video, illustrating the dynamic evolution of money. Made with interpolation techniques.
What do you think "money" will be like in the future? In 50 years? 100?
Animation by Fabio Comparelli, @intothefab, https://t.co/VhHJEvP7SM, Used with permission.
What I like the most about the utxo model as a whole is the idea of being the guardian of your own local state.
There is power to that when it comes to the concept of decentralization.