Build with Circles - Social trust Based Currency
summary
Circles runs as a smart contract on Gnosis Chain with human accounts minting 1 circles per hour (≈24/day) and balances decaying at 7% annual to smooth inequality; trust is enforced by a web-of-trust graph that allows transitive transfers but limits maximum flow between parties. Workshop details two hackathon tracks: a P2P loan market using circles as collateral/interest and an X402 API payment facilitator. Tooling includes a TypeScript SDK, docs and the app at application.aboutcircles.com (invite required).
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chapters (14)
- 0:00Circles project intro
- 1:36What is Circles
- 4:07Web of trust in Circles
- 6:55Groups and liquidity in Circles
- 8:49Hackathon tracks and P2P loans
- 10:15Trust and loan system
- 13:07Interest-free loans with Circles
- 14:55Transitive trust and collateral loans
- 17:06X402 checkout experience
- 20:23X402 facilitator implementation
- 22:34Circles tooling overview
- 24:21Human profile and SDK setup
- 25:27Circles SDK quick start
- 27:15Summary and hackathon
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