The Cycles whitepaper is out, introducing a new cryptoeconomic primitive: a peer-to-peer electronic clearing system.

Here's how it works: I owe you, you owe them, they owe me—we settle debts within our circle without any payments. If the amounts owed differ, we clear the smallest amount. Larger cycles save even more liquidity. The entire obligation graph and settlements are private and verifiable using ZK-TEE private computation and blockchains.

I came across cyclesmoney and collaborative finance during our reading group with buchmanster. Having reviewed the early version of the paper, I'm excited to see it finally released!
https://x.com/cyclesmoney/status/1859612788165099758 https://canhrau.com/wp-content/uploads/2022/04/nhung-hinh-anh-phong-canh-dep-nhat-hinh-14.png

Hôm nay có những điều gì làm mi cảm thấy tự hào? Thôi thì! 🥜