Human interaction is sacred. Since the beginning of time, we have relied on one another to qualify and quantify our experience. Through our interactions we have developed our current experience and perspective of the world. The way in which we communicate and transact dictates how quickly we are able to change our experience and the world around us.
Since the birth of the internet, the world has become more connected than ever before. People are able to transact with one another within seconds, even if they are miles apart. However, these interactions are becoming more reliant on third parties that limit interaction and censor information exchanged. We propose a decentralized, proof of work, peer-to-peer version of electronic “quid pro quo”.
Transactions sent directly from one party to another without going through an institution. Decentralized interactions connected across multiple platforms. Digital signatures allow trustless verification of transactions by peers of the network. The network timestamps transactions by hashing them into a chronic chain, forming a record that cannot be changed without redoing the proof of work.
The connect I chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of members on the network. As long as a majority of power is controlled by members that are not cooperating to attack the community, they’ll generate the longest chain and outpace potential attackers.
The network itself requires minimal structure. Messages are broadcast on a best effort basis, and members leave and rejoin the network at will, accepting the longest chronic chain as proof of what happened while they were not part of the community.
Name: Connect I Coin,
Type: POW (Proof-of-Work)
Address Letter: C
Block Time: 30 seconds
Block Reward: 5 CTC
Block Maturity: 2,000 Blocks
Peer to Peer Port: 2626
RPC Port: 2727
Difficulty Retargetting: 258 Blocks ~ 129 minutes
Halving: Every 3,200,000 Blocks ~ 3 years
Max Supply: 32,000,000