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Proximum
Proximum is an open protocol for proving the location of any connected device. No GPS, no third parties, no special hardware: Proximum relies on the speed of light and math.
Location Proofs
Location proofs are a new neutral authenticity layer. They increase trust and reduce audit costs when one party has incentives to misrepresent who or where it is to others.
You can use Proximum's location proofs to:
- verify the location of devices (DePIN),
- build strong geofences (DeFi),
- audit claims in
boringreal industries like cybersecurity, insurance, advertising, and content delivery.
Proximum works onchain, on-device, or in-app. Want to use our location proofs? Let's talk.
Next-Generation L1
Physical separation is the single best dimension to measure and achieve true decentralization. Ultimately, we aim to fill the solar system with compute to enable:
- extremely scalable spatial subnets,
- extremely robust——but cost effective——spatial consensus.
Read the lightpaper for more.
Why We Are Building Proximum
In short, because we are ruthless optimists.
We love the security of Bitcoin, but want a more secure network. We love the open compute enabled by Ethereum and the the speed of Solana, but want more compute faster. We recognize the value of tokenized USD, but want more stable units of account and a cheaper medium of exchange. We humbly admit that the crypto industry has not achieved a Denationalisation of Money. Yet. We hope to roll back the panopticon of the modern surveillance state. Some day.
Surely that is not too much to ask.
The Plan
- Syene (terrestrial testnet): launching 2024 Q4
- Alexandria (terrestrial mainnet)
- Ptolemy (solar testnet)
- Almagest (solar mainnet)
Audacious Goals
- Use: Regions create functional local subnets and currencies on Proximum. See Ithaca Hours, BerkShares, Berkeley Bucks, or Wörgle.
- Scale: Proximum stays economical at < ~$0.10 per transaction.
- Security: Proximum beacons in space move the network outside the de facto control of all terrestrial jurisdictions. To stop the network, one would have to control the solar system.
Welcome to the team.