This document provides a high-level overview of the PEERD architecture, reasoning, and vision, with additional technical data and specifications to be released in updated versions, or subsequent documents.

PEERD is designed to function as an open source, modular collection of developer libraries which provides a base foundation for creating decentralized applications on top of. Such decentralized applications would utilize Bitcoin for anchoring data to the Bitcoin blockchain, as well as transferring value using the bitcoin currency. In this fashion, there is no need to create an alternative token for value transfer, nor secure an entirely separate blockchain for data validation. PEERD is designed to offer a simple set of open and permissionless infrastructure components, and allow for relatively straightforward decentralized application development in a style familiar to developers with web development backgrounds.