Merit Labs Information

Merit Labs is the company behind Merit, the world's first invite-only digital currency. Merit aims to be the world’s friendliest digital currency, and hopes to do this by being three things above all others: simple, safe, and a community. Merit innovates by rewarding stewards of the network in addition to traditional miners with each block that is issued. Merit promotes safety through creating decentralized Vaults on the blockchain. These vaults are more resilient to attack because of their secondary reset keys, which can be stored separately from the spending key. Even if a Vault is compromised, thieves will have a hard time getting away with the money because of the whitelisting and rate-limiting mechanisms. Finally, sending Merit is as easy as sending an SMS or an Email. Through the innovation of the EasySend protocol, Merit makes it simple to send money to friends and family, whether they are already on the Merit network or not.