encointer proposes a new blockchain based cryptocurrency with an ecological consensus mechanism using trusted execution environments and an egalitarian money supply policy. Money issuance is done through a universal basic income subject to a proof-of-personhood. Individuals attending randomized pseudonym key signing events obtain such proofs. encointer also features scalable private transactions and trustless off-chain smart contracts.

Links:

• Project Homepage: https://encointer.org
• High-Level Article about Encointer's goals and approaches
• PoC1 proof of personhood demo
• Presentation at Sub0.1
• Interview on relaychain.fm podcast
• Whitepaper https://github.com/encointer/whitepaper
• node source code: https://github.com/encointer/encointer-node
• app source code: https://github.com/encointer/encointer-app
• Riot chat

Quick Facts:

consensus		democratic, unpermissioned proof-of-elapsed-time (dPoET). One person (max) one vote
democratic?		proof-of-personhood (PoP) by means of randomized pseudonym key signing events
ecological?		no PoW mining
egalitarian?		uncapped issuance of universal basic income of one NCTR for each PoP. Money supply follows adoption. No early-adopter bonus. no premine. no ICO
native token		encointer [NCTR]
tx fees		0.1% of tx value, enabling microtransactions
privacy		guaranteed by trusted execution environments (TEEs)
smart contracts		yes, off-chain in TEEs
original publishing date		Nov. 18th, 2018, concept whitepaper
governance		to be lead by not-for-profit cooperative under Swiss law. Community referendums with 2/3 majority against cooperative decisions

Development Status:
A first mobile phone app PoC has been developed to take out meetups. Also, confidential transactions are implemented with substraTEE based on substrate blockchain technology.

Testnets:

• Gesell: Launched on April 9th 2020
• Cantillon: (adding privacy enhancements with substraTEE) to launch mid 2020

Mainnet: No dates promised. Not before go-live of Polkadot