Introducing InterGridCoin
InterGridCoin (IGC) is one of the new cryptocurrencies I have been developing. Please take a look at the summary, and let me know how it sounds. There is a 20-page product brochure that will be published later. This should be regarded as a case study that is trying to identify the necessary technological components required to run a realistic global utility network, in the context of green energy production. I am hoping that this might turn out to be one of the most ambitious cryptography and tokenomics-oriented innovations regarding solar energy applications in cryptocurrency market since SolarCoin announced its grant program.
Previously only posted on a Silicon Valley cryptocurrency group, the approach was apparently adopted also by Chinese colleagues who aggressively patented a decentralized energy network approach — that I have not read yet, however, there are many ways such decentralized networks can operate, which turned out to be one of the major technological problems that have to be solved before we can deploy something like IGC. In my case, I developed Cypher so that I could achieve sufficient scalability to run even a modest realization of IGC scaling to the order of thousands of nodes, which is needed if you want to run it in major cities. Ethereum is simply too unscalable and expensive to run such networks. I considered Stellar, but it does not offer much except basic token technology after all, though of course it can still be adopted. I decided to go beyond Stellar and design my own token platform called Cypher; the information about it will be released soon. It seemed more reasonable that I develop Cypher first, because it is faster to create value with a new cryptocurrency chain, and I can develop the decentralized exchange later.
Decentralized exchange will probably be the key technology, which Stellar already supports via StellarX that has not started trading yet, but there is no harm in trying to improve performance. A token protocol that scales up to 100K transactions would already be quite valuable, because that sort of network can easily scale up to millions of users and that means I can use it both for our Omega AI architecture, and stuff like IGC.
