I'm excited to present the Elqnt
White Paper!
In the past two weeks, myself and another developer have conducted a number of lengthy discussions around how we might be able to leverage the existing p2p technologies I'd been developing over the past few months to actually bring about a fully decentralized + anonymous + peer-to-peer exchange for Bitcoin -- we think we've developed a way to do it and are actively developing towards the first proof-of-concept version.
The above white paper gives a high-level overview of how the platform will function.
One of the most exciting pieces to this method of exchange is the incentivization model which rewards all peers involved in an exchange route (detailed in the
white paper).
Please give us feedback!
We really want to hear what others are thinking, where you think things might break down, and what concerns you might have -- all feedback is welcome.
If you're interested in joining us in development, let me know --
stephen@elqnt.org -- and I'll setup a time to get you spun up on things and plugged into our git repo.
All code will be released under GPL-3.0 license and will be completely modular -- meaning, we're shooting to structure the platform in such a way that you can run it without having to setup any servers -- just run the exchange node in a browser window (or extension) from file and run the peer client on an android device and you've got yourself a mesh network for exchange.
Best,
Stephen