There are some similarities with Blackbytes, in that there is no blockchain / ledger, there is support for multiple currencies and denominations, and that both run over an anonymized network (i2p and tor).
Where Anoncash shines is the decentralized bank’s ability to co-sign a cash unit using a proven random set of nodes, so that any one node or predetermined set of nodes cannot issue a valid signature.
Double spending is eliminated by using the decentralized bank to validate a newly transferred unit - which destroys the old unit and issues a new unit in its place.
Cash units can be stored in the decentralized bank or stored locally. No tx history is stored - just like cash.
Because of the ledgerless design, wallets will be light and transfers can be made between two mobile devices - making Anoncash a very good digital representation of cash.
Where Anoncash shines is the decentralized bank’s ability to co-sign a cash unit using a proven random set of nodes, so that any one node or predetermined set of nodes cannot issue a valid signature.
Double spending is eliminated by using the decentralized bank to validate a newly transferred unit - which destroys the old unit and issues a new unit in its place.
Cash units can be stored in the decentralized bank or stored locally. No tx history is stored - just like cash.
Because of the ledgerless design, wallets will be light and transfers can be made between two mobile devices - making Anoncash a very good digital representation of cash.
Very interesting. How are the decentralized banks rewarded? What types of attacks are possible and how are they mitigated or punished?
I have so many more questions
Like, how big is the team?
Are you (switzer) somewhat of a liason for this forum? What is your afiliation with the project?
What's the best channel to learn more about the technical details?
...and pretty much all the technical stuff.
