+++
Some parts of the text need revision, especially the part about clearinghouse. This text is not up to date.
ClearingHouse is a protocol that allows for asset issuance and p2p trading on the
viacoin blockchain. Viacoin is a particularly fast digital currency which was designed to be the data-carrier for ClearingHouse, 25x faster than Bitcoin. It was released on 11th August 2014.
Today we unveil stage one of the ClearingHouse project as promised which enables decentralized, p2p trading directly on the blockchain. You can create your own coins and assets and it enables a host of features to be built on top of the blockchain. ClearingHouse is based on on the counterparty protocol with the immediate advantages of being faster, cheaper and free of bitcoin politics. XCH is the native currency of ClearingHouse and cannot be mined.
XCH will be initialized during a 45 day Fire Sale starting today at block 89100. This initialization process is called burning, but since viacoins are new and shiny, we decided not to actually burn them, but use them towards funding the ClearingHouse project looking forward.
Further:
I believe by funding Tree Chain development, it will greatly contribute toward the public good.
Better maybe: Tree Chain development could greatly contribute toward the public good.