The state of Distributed Ledger Technologies (DLTs) is slowly moving towards permissioned and leader-based environments, where a small number of individuals are in control of the network.
This centralization creates a liability and a single point of failure.
We believe that only an open culture, scientific approach, and a constant flow of ideas can guarantee progression.
The time is ripe for the community to build a new, post-blockchain protocol that adheres to these principles and establishes a standard for Distributed Ledger Technologies.
And this is the effort that we are willing to take.