We are proposing a new type of crypto currency, one that redefines the current industry. We wanted a fresh start, we did not make just another fork of BTC or ETH, this is something new, possibly better.
Instead of standard blockchain tech we are introducing chain-of-ownership, it is essentially a single ledger of every single coin ever mined. Each coin is a record of its whole transaction history.
In CLC there are no wallets - every time you hold clc you use a new address, this allows to keep CLC completely anonymous at all times.

To not allow anyone to tamper with this, we use a secure cryptographic approach - every transaction must be signed by the previous holder with the previous holder's private key (this private key never reaches the server!), this makes it impossible for the server to forge transactions. Mining is done with a PoW approach which allows us to controllably and fairly introduce CLCs into circulation. At the beginning miners will be rewarded 50CLC per minute. This number will decrease indefinitely to approach 50 million total circulation. Simply speaking, CLC is a completely new cryptocurrency based on completely new tech, that is made to be fresh, and brand new just for you.

Mining:
To introduce new coins to the market, CLC uses PoW mining. Miners race to find a cryptographic key pair that, when hashed, meets a certain difficulty criterion (e.g., starts with 6 sequential zeros). Once someone finds such a key pair, he submits it to the ledger, which, once verified, adds it to the public ledger and gives it a value (of CLC) denoted by the equation (-x / 1,000,000) + 50, where x is the total circulation of CLC.


Simply:
- CLC relies on transparency and cryptography to be the most secure cryptocurrency to this day.
- CLC is completely anonymous, has no wallets, and is untraceable to the real-life holder.
- CLC is fair for miners. We prioritized CPU mining instead of GPU & ASIC to make CLC more friendly for smaller miners.
- CLC replaces blockchain technology with chain-of-ownership technology to secure it and make it centralized without any downsides of current blockchain approaches.
- CLC makes users store each coin locally on their computers to ensure maximum security.



Are you interested in mining, investing, or getting updates on CLC?

Join our community on the following platforms:
Reddit: https://www.reddit.com/r/CLC_Cryptocurrency/
Discord: https://discord.gg/3Rsw7qASgc
Website (Wallet & chain-of-ownership explorer too!): https://clc-crypto.github.io/

We would be also incredibly grateful for feedback on this idea on our btct thread.