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DAG-based cooperative distributed ledger. An implementation of the tangle

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A DAG-based cooperative distributed ledger: permissionless and decentralized, with a Nakamoto-style consensus that needs no proof of work. The ledger is a directed acyclic graph of UTXO transactions, also known as the tangle. Consensus comes from token holders cooperating on the ledger state with the biggest coverage, the analogue of Bitcoin's longest chain. No blocks, no mempool, no validators, no committees. Token holders are the only participants, and the only kind of message between them is the UTXO transaction.

This repository holds the node, the proxi command-line wallet, and the ledger definitions.

Pre-launch. The network is in its centralized pre-launch phase. It can be stopped or reset at any time, without notice, and tokens on it cease to exist at a reset. Nothing is sold and nothing is promised. Read this before taking part.

Developers start at ARCHITECTURE.md: what the system is made of, how the packages relate, and an index of every document in and around the repository.

Experimental software under the MIT licence, provided as is, without warranty of any kind.

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DAG-based cooperative distributed ledger. An implementation of the tangle

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