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Author Topic: Proxima - a DAG-based cooperative distributed ledger  (Read 685 times)
lunfardo314 (OP)
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September 10, 2026, 08:28:48 AM
 #21

Proxima has started its journey to decentralization. The pre-launch network is
open, and anyone can join
.

It took years to get here. Proxima is a new L1 with a radical innovation at
its core: cooperative consensus, reached on a DAG of transactions by token
holders cooperating rather than competing. No blocks, no block proposers, no
committee, no proof of work behind the consensus. Just token holders. It is
Nakamoto-style decentralization on a proof-of-stake footing.

It is fair-launched. Nearly all of the supply is mined by whoever wants to,
with proof of work that distributes tokens and does nothing else. There is
nothing to buy and nothing for sale.

And the ledger itself is what we always wanted a UTXO ledger to be: fully
programmable covenants and native tokens, from day one.

We are doing it in takes. The network starts centralized, in a pre-launch
phase that can be stopped and reset at any time, and it will take a few takes
to get it right. Each take goes a bit further than the last, until one of them
decentralizes and just keeps going on its own. This is take 0. If that sounds
like your kind of thing, come mine, run a node, break it, and share with the
community what you found.


Docs and how to join: https://lunfardo314.github.io
Why a fair launch, and how it works: https://lunfardo314.github.io/#/overview/fair_launch

Ledger description: Proxima ledger take 0
Genesis time (slot 0): 2026-09-10 06:35:05 UTC (Unix 1789022105)
Ledger definitions hash: aee726b6bb2e29bf37277ed0cf14f04e239b2d2050e19be9f0b8a6bae824cccf
Genesis controller public key: 872c48cbadfa6bc86d7046bf74e6c38be243fb30cebc4a9cbeaa33fc34e3bdd2
Genesis file (slot 0 snapshot): https://lunfardo314.github.io/static/genesis/s0-0-030000000000000000000000000000000000000000000000000000.snapshot
SHA-256 of the file: 367cfdf637bf7491779496f20f2a2b2262f386d4cf4316297b93c6995293a163
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