Much earlier today, in the wee hours of the morning in the UK, Unyt released its first product in our series of biweekly launches. It is being supported by the Unyt team as well as members of the community excited to make Unyt available as a tool for local currencies.
Introducing Circulo
David Atkinson, Buddy, and other members of the team have been drumming up interest and targeted having 100 users signed up to use it on day one. Last I knew a couple days ago they were in the 90s, so I'm sure they reached their target.
Here's one of the creative, thought provoking teaser videos that Buddy has shared on Circulo's X feed
Starting Simple
Circulo is an example of the simplest P2P currency you can build on Unyt's software.
- It has one single currency (an instance of the Unyt software can support up to 65,000 units).
- It has one required Smart Agreement -- credit limit computation -- which is initially set as an immutable rule. (Later versions of Circulo will showcase different rules.)
- It has no fees, gas, or other types of costs.
- Each user starts with a credit limit of 10 and their credit limit grows by 10 for every transaction they spend.
Circulo is about as simple as you get for running a mutual credit currency. We've hidden the tools for writing, cloning, forking, and viewing the Smart Agreements code. The tools for instantiating new Agreements from code templates are also not visible. The interfaces to interact with Smart Agreements are hidden.
It simply, but profoundly enables P2P transactions between anyone who installs and runs the software. No miners. No stakers. No middlemen.
Come Join the Fun
The description above of the features not visible in Circulo obviously expose a bit about what's coming in future products and releases. The Smart Agreements make the Unyt software quite configurable for a lot of use cases which you'll be seeing soon.
But for now, jump in and play with a somewhat familiar vibe of a payment space (like Paypal or Venmo or CashApp), except this one is truly only peer to peer with no centralized web site, no servers, just a web interface pointed at your own local instance of the running software.
Download Circulo here, and follow the instructions to get started.
