StatechainJS: Like Ecash but If Operator Goes Down You Can Recover Your Sats
StatechainJS is 'a vanilla javascript implementation of a statechain client and an operator.'
- "My latest invention is StatechainJS. Basically it's like ecash but if the operator goes down you can recover your sats. Being like ecash means transfers are fast and free, but the operator can rob you, so be careful," announced Super Testnet.
"Unlike ecash mints, which have full custody of your money, the only way a statechain operator can rob you is through a doublespend – they can help someone "take back" money that they sent you. But if some authority figure demanded that a statechain operator confiscate coins from folks who don't kyc, they cannot help with that except if they first prepared a doublespend attack on every user," said Super Testnet.
...unless you first submit your identification documents at this website <insert_chainalysis.com_equivalent_here>." But if a statechain operator tried that, users could laugh in his face and use their already-signed unilateral withdrawal transactions to leave him behind forever
— Super Testnet (@super_testnet) July 23, 2024
Announcement
GitHub Repo
Stacker.news Discussion (with extensive comments)
Demo Site
