The Internet of Coins decentralized wallet and (future) exchange will link crypto-ledgers together using our node-to-node networking daemon called hybridd agent called Hybrid and our scalable data chain that we call Weavechain.
Our weavechain is the decentralized storage system for Internet of Coins containing a sequence of interwoven block streams that can store different types of data. Like a blockchain, a weavechain can function as a public ledger of transactions that have been executed on a decentralized network.
We use Proof-of-Allocation (PoA) as consensus method for the weavechain. Users that allocate their own cryptocurrencies in Internet of Coins are automatically supporters of the network. Consensus is established using Raft.
Our Hybrid tokens provide a coherent store of value across multiple blockchains, diversifying risk. And they will serve as the vehicle to swap value between the different chains they are registered on. This will allow you to exchange value with users without the need for a centralized external third party.
The entire system is modularized. Every non-proprietary blockchain or value system can be hooked into this evolving network. We will support recipe scripts to make it easy for contributors to add support for their blockchain of choice.
A unique allocation schema ensures that currencies with a small marketcap receive the needed liquidity to support their exchange and relevancy within a healthy cryptosphere. In this way, we seek to support and expand markets towards maintaining a diverse and plural crypto-ecosystem.
If you want to know more about our technology or want to become a contributor check out our FAQ or Whitepaper: