A scalable and distributed cryptographic currency framework
IOHK supported project
RS|Coin proposes¹ a framework to implement centrally banked monetary systems based on cryptographic methods in such way that it is possible for a system which uses RS|Coin framework to meet every of the following criteria:
- The system can handle a massive amount of users and scales well.
- Transaction times are comparable to those of Mastercard and other payment systems that issue plastic cards.
- The system is auditable and transparent for all users.
- The system allows rapid payments in which instruments are sent between two or more commercial banks or other payment systems, which don’t have a partnership agreement. Compliance is ensured by the protocol and no direct communication between the systems of those banks or payment systems is required.
- For central banks and other possible governors of monetary supply, RS|Coin provides a way to focus on this, off-loading transaction handling to commercial banks and other governed entities.
- With a simple extension, RS|Coin provides a way to perform extremely fast international transactions with no need for manual work and correspondent banks.
At the moment, the only supported platform is Linux. Mac OS X isn’t officially supported, but it should be possible to deploy and run RS|Coin on Mac OS X the same way as it is done on Linux.
Windows will be supported at some point, but for now we don’t have a milestone for that.
Check out our Github page.