delvingbitcoin
Ecash TIDES using Cashu and Stratum v2
Posted on: May 23, 2024 21:57 UTC
Digital assets, particularly ehashes, operate within a sophisticated framework that allows for the tracking and management of ownership and redemption processes.
The mint plays a crucial role in this ecosystem by keeping a detailed log of which shares correspond to which ehashes upon their redemption. It's important to note that the original creator of an ehash is not necessarily the only individual who can redeem it; these digital assets can change hands before redemption.
When an ehash is transferred to another party, the mint must update its share log to accurately reflect this exchange. This ensures the integrity of the tracking system and allows the mint to correctly identify the current holder of the ehash. The redemption process itself is dependent on whether the ehash in question falls within a specific timeframe known as the share window. If an ehash is redeemed while its corresponding share is still within this window, the holder is issued a new ehash. However, if the share has exited the window period, redemption is no longer possible. This mechanism ensures that ehashes are managed effectively, maintaining their value and relevance within the digital asset space.