Hi! I just published the first release of Offst,
Offst is a decentralized payment system based on mutual credit. It's an open source project, written in Rust, licensed under AGPL3.
You can find the release notes and more information here:
https://www.freedomlayer.org/offst/offst-release/Link to the project repository:
https://github.com/freedomlayer/offstMain features:
- Efficient and quick payments. Offst does not rely on a blockchain or any kind of proof of work. Every transaction affects only a few computers in the network. Payments usually take less than a second.
- Low flat payment fees. Payment fees are determined by the length of the route on which the payment is sent. Each participant along the route gets exactly one credit.
- Fair distribution of assets: The total amount of credits in the Offst system is 0, and it is initially distributed evenly between all the participants (Read more to learn how it works)
- If you lost your key, you can talk to some friends and restore your account.
- Censorship resistant. Buy whatever you want, sell whatever you want. Offst is decentralized, and therefore no entity can block or censor payments.
- Full raw control: Offst is fully programmable and has open interface for writing applications.
At this point Offst is only a bunch of command line tools but I believe this is already enough to start experimenting.
Any criticism or ideas are welcome!
real.
