Circles is a protocol to create a decentralized social currency, without intermediaries. Every user issues their own personal currency $CRC (Circles Credit) and uses it to trade within a trusted network. It was built by Martin Koeppelmann, the co-founder of Gnosis.
You mint CRC at a fixed rate: 1 CRC/hour. But bear the following in mind: your CRC isn’t the same as anyone else’s. My CRC is different from yours, and yours is different from theirs. Each person’s CRC is only fungible within their own wallet.
So how does this become usable as a real currency? Through t
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