Frux: The Mobile Blockchain Revolution

A mobile-first offline distributed cryptocurrency

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Default-736h_iphone6splusspacegrey_portrait
Home
Buyfrx
Profile
Transactions
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Recipient
Scanningqr
Enteramount
2

Technologies Used

node.js
flask
OpenCV
Apache Cordova
WebRTC
Gradle
OpenSSL
Advanced Python
Advanced iOS
WiFi
bcrypt

Project Team

Saarthak Sachdeva
Developer Designer Entrepreneur

This team is looking for

Product Manager Investor
REQUEST TO JOIN

About

Frux is a secure asynchronous blockchain cryptocurrency protocol specifically engineered for mobile transactions. It aims to simplify cryptocurrencies and replace cash as a medium of transaction, available to end users via easy-to-use iOS and Android apps. It operates with intermittent transmission over a mesh network created by all phones that have the app installed for making offline transactions feasible, eliminating network hassles. The app only uses 3G/4G/WiFi for occasional integrity checks or as the fallback when the mesh is out of range. Frux has several advantages over conventional cryptocurrencies: It synchronizes only the different parts of the blockchain, evaluated through continuous checksum evaluations, requiring a connection for less than one second per transaction. In addition, it uses a variable blockchain update timing allowing complete asynchronous operation. The dual online and offline functionality makes it a viable alternative to cash, especially in cities. Transactions can be done by simply scanning a vendor's QR code (printed or on-screen), to nearby devices with the app installed, or to any contact. Frux is completely secure, with each transaction validated via 4096-bit RSA, and shared keys generated using Diffie-Hellman Key Exchange. Every user gets a one-time copy of their private key locked to their devices. Moreover, it allows sections of the blockchain to be marked for use on credit - the only cryptocurrency with a decentralized credit system. Despite all this, it retains all the advantages of contemporary cryptocurrencies, i.e. transparency and accountability, with a feature to verify any transaction regardless of the user's involvement. Frux, including the blockchain protocol and the apps, was developed in a span of 20 hours starting 7th of January 2016.

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