What is SwiftCash?

SwiftCash is an open-source, self-funded decentralized system for governance and economic activity. It is described as a peer-to-peer cryptocurrency intended for daily transactions and a digital store of value, with additional functionality for on-chain “cheat-proof” lotteries that can be played without custodians or third-party involvement, and for on-chain HODL or term deposits.

SwiftCash uses a Proof-of-Stake consensus mechanism. The description states that up to 10% of maximum inflation is allocated to proposals supported by enough stakeholders, another 10% of maximum inflation is distributed to stakeholders that help secure the network (miners and masternodes), and the remaining 80% is directed to HODL/term deposits. Term deposits are time locked in the blockchain for 1 to 12 months.