is a peer-to-peer open-source cryptocurrency.
The currency is based on directed acyclic graph data structure and distributed ledger, making it possible for
to work without intermediaries.
To agree on what transactions to commit, or forming consensuses, it uses a system called "Open Representative Voting" with weight based on the amount of currency they hold.
was launched in October 2015 by Colin LeMahieu to address Bitcoin scalability problem.
Solving the problem means that transaction fees and confirmation time under load can be decreased. [+]