How Local Digital Currencies Are Created and Governed by Their Communities

Encointer enables every community to create its own local cryptocurrency through public “trusted setup” ceremonies that verify human uniqueness and prevent Sybil attacks. Its Proof-of-Personhood protocol rewards verified participants with a universal basic income, secured by physical meetups and on-chain governance. This approach fuses decentralized identity, local trust, and community-driven digital money into one scalable system.