Proxima has started its journey to decentralization. The pre-launch network is open, and anyone can join.
It took years to get here. Proxima is a new L1 with a radical innovation at its core: cooperative consensus, reached on a DAG of transactions by token holders cooperating rather than competing. No blocks, no block proposers, no committee, no proof of work behind the consensus. Just token holders. It is Nakamoto-style decentralization on a proof-of-stake footing.
It is fair-launched. Nearly all of the supply is mined by whoever wants to, with proof of work that distributes tokens and does nothing else. There is nothing to buy and nothing for sale.
And the ledger itself is what we always wanted a UTXO ledger to be: fully programmable covenants and native tokens, from day one.
We are doing it in takes. The network starts centralized, in a pre-launch phase that can be stopped and reset at any time, and it will take a few takes to get it right. Each take goes a bit further than the last, until one of them
decentralizes and just keeps going on its own. This is take 0.
If that sounds like your kind of thing, come mine, run a node, break it, and share with the
community what you found.