GeeqChain is a scalable, inexpensive, and computationally light approach to building blockchains called the Catastrophic Dissent Mechanism (CDM). The CDM is based on game theory and economic mechanism design and takes a completely new approach to transaction validation: Proof of Honesty (PoH).
The Geeq Project introduces a new engine for blockchain validation. GeeqChain's protocol, Proof of Honesty, protects users from blockchain malfunctions, whether intentional (e.g. hacks) or unintentional (e.g. network disruptions). GeeqChain validates blockchains by using a new protocol called the Catastrophic Dissent Mechanism (CDM). The CDM uses anonymous actors as validators who are free to join and leave the system as they please. GeeqChains can scale to handle arbitrarily large numbers of transactions. GeeqChains can be used for applications that require micropayments or facilitate IoTs.
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