The trigonometric $C^*$-algebra is the universal $C^*$-algebra generated by $\mathcal{G}=\{x,y,z\}$ subject to relations \begin{align}x^2=x=x^*, &\quad y^2=y=y^*\\ [x, z]=y, &\quad [y,z]=-x \\ z^*=-z,& \quad|z|\leq 1\end{align}
Does this universal algebra exist? Does it coincide with a well known $C^*$-algebra? What is its precise structure? How can one compute its $K$-theory?
The motivation and reasons we call it trigonometric $C^*$-algebra: The classical trigonometric coalgebra is inspired by sin and cos. On the other hand if we put $x=\sin t, y=\cos t$, then they satisfy $x'=y, y'=-x$. But how can we represent $d/dt$ as a relation? Instead of differentiation $d/dt$ we use the commutator operation with further assumption that $x,y$ are projections. I learned this from the book by Alain Connes Non commutative Geometry page 20 (The e-version) that if $E$ is a curve in the space of projections of an algebra then $E'=[E,Z]$ where $Z$ is an anti self adjoint element, $E^*=-E$. So the differentiation is considered as commutator provided we work on the space of projections. We add $|Z|\leq 1$ to guaranty the condition of boundedness of generators in every arbitrary representation of generators $\mathcal{G}$
Is the boundedness of $z$ a redundant condition?