Civ Kit --- aims to establish a peer-to-peer electronic market system that is resistant to censorship and permissionless using Nostr and Lighnting ↓
The Civ Kit combines the Nostr architecture with the Lightning Network:
prioritizing privacy and security through escrowed trades, decentralized identity, moderation, a P2P messaging protocol, and know-your-peer (KYP) oracles for adjudication.
The system aims to support all kinds of trading, including goods and services, and will emphasize trust and reputation within the marketplace.
The Civ Kit's design:
will utilize a universal credit score for all traders calculated by a combination of success of trades (Web-of-Stakes) and Web-of-Trust techniques that act as a "trustless source of truth."
The Civ Kit peer-review:
Reviewed by some of the best minds in the Lightning and Discreet Log Contract engineering communities, ensuring its technical robustness.
Nicholas Gregory, one of the authors of the Civ Kit, hopes that the initiative will boost Bitcoin's circular economy, which he believes has not reached its full potential in 2023.
Ray Youssef, founder of Paxful and another author of the Civ Kit, is committed to carrying on the work of Satoshi Nakamoto to provide the world with the ability to build unstoppable free markets.
The team behind the white paper is working to integrate the research into Noones, a new company dedicated to financial freedom in the Global South.
The Civ Kit is open for collaboration and publicly available on GitHub, promoting transparency and openness in its development.
By utilizing the Civ Kit, individuals and businesses can engage in P2P electronic markets without fear of censorship or permission, contributing to the growth and development of Bitcoin's circular economy and promoting financial freedom worldwide.