Building the Future of Peer-to-Peer Financial Infrastructure

The Microledger Initiative is proposing open standards for bilateral, cryptographically-secured transaction ledgers that enable efficient peer-to-peer value transfer with institutional trust backing.

View Specification

Why Microledgers?

⚡ Efficient

Sub-second settlements at costs below $0.01 per transaction

🔒 Secure

Cryptographically signed bilateral ledgers with bank-anchored trust

🌐 Scalable

99.9% less energy than blockchain, unlimited parallel channels

🏦 Compatible

Integrates with existing banking infrastructure and payment rails

About the Initiative

The Microledger Initiative is a proposal to establish a neutral, non-profit standards organization dedicated to advancing bilateral ledger technology.

Our Mission

To establish, maintain, and advance open standards for Microledgers - bilateral, cryptographically-secured transaction ledgers implemented through Bank-Anchored State Channels (BASC).

The Vision

A world where any two entities can establish trusted financial relationships and exchange value directly through Microledgers, maintaining their own cryptographic proof of transactions while leveraging existing banking networks.

Status: Seeking founding members and technical contributors

Read the Full Charter →

Technical Specification

The Microledger protocol is implemented through Bank-Anchored State Channels (BASC), providing a lightweight, bilateral transaction system with institutional trust backing.

Core Components

  • Genesis Block: Establishes the Microledger with bank escrow
  • Transaction Blocks: Record P2P transactions with dual signatures
  • Settlement Block: Final balance reconciliation and closure
  • Bank Integration: Institutional trust and independent settlement
{
  "blockType": "genesis",
  "controllingIdentifiers": ["party-A", "party-B"],
  "bankCommitment": {
    "bank": "institution-id",
    "dedicatedAmount": 1000.00,
    "channelId": "unique-microledger-id"
  }
}
View Full Specification →

Get Involved

🏦 Financial Institutions

Lead the transformation of payment infrastructure with next-generation bilateral ledgers.

  • Become a founding member
  • Participate in pilot programs
  • Shape technical standards

💻 Technology Companies

Build the tools and platforms that will power the future of peer-to-peer transactions.

  • Contribute to specifications
  • Develop implementations
  • Join working groups

👨‍💻 Developers

Help build open-source reference implementations and contribute to the technical standards.

  • Review specifications
  • Submit pull requests
  • Build applications

Express Interest

The Microledger Foundation will be established upon securing sufficient industry interest and founding membership commitments.

Organizations interested in:

  • Founding membership
  • Technical collaboration
  • Pilot programs
  • Partnership opportunities

Please reach out to discuss how you can contribute to this initiative.

View on GitHub