This research proposal envisions and describes a viable system that offers a widely available, dependable and easy-to-use digital currency, that people can buy, use, hold and collect interest on, without the constraints of banks. The proposed implementation would operate on a public blockchain and would be backed by its most trust-minimized digital asset. The system is meant to by fully decentralized, and operate on-chain without any need for a specific operator.
Notice: The research proposal is provided “as is”, without warranty of any kind, express or implied. In no event shall the authors or copyright holders be liable for any claim, damages or other liability, whether in an action of contract, tort or otherwise, arising from, out of or in connection with the research proposal or its implementation or the deployment on a public blockchain as a working contract, or the use, or other dealings in the research proposal and any of its deployed on-chain contracts.