encointer -- An Ecological, Egalitarian and Private Cryptocurrency and Self-Sovereign Identity System

Abstract

encointer proposes a new blockchain based cryptocurrency with an ecological consensus mechanism using trusted execution environments and an egalitarian money supply policy. Money issuance is done through a universal basic income subject to a proof-of-personhood. Only individuals attending randomized pseudonym key signing events obtain such proofs. encointer also features private transactions and scalable, trustless off-chain smart contracts.