MyCHIPs employs an open-source network protocol to create a novel medium of exchange based on private credit and quantified in units of CHIPs

MyCHIPs is not a Bitcoin/blockchain derivative, but rather a whole new (and yet very old) approach to money that solves several problems notorious with public blockchain systems. Most notably, it is more private, more fully distributed and infinitely scalable.

See https://mychips.org for more complete information.