Hypersyn: A Peer-to-Peer System for Mutual Credit. (arXiv:2206.04049v1 [cs.CR])

The Hypersyn protocol is a new type of permissionless and peer-to-peer
payment network that is based on the concept of mutual credit and mutual
arbitrage. Unlike blockchain-based systems, Hypersyn does not rely on any
consensus algorithm. It does not require a distributed ledger to store the
history of events nor a set of validators. Hypersyn does not have a
system-imposed hard-cap on the number of transactions per second that it can
perform, and can therefore easily scale up or down …

credit peer-to-peer system