Towards EarthBucks 2.0: Peer-to-Peer Network, Bitcoin Cash Wallet, and Decentralized Exchange

EarthBucks 1.0 is live!

I’ve decided on a plan for EarthBucks 2.0, which is:

• Peer-to-Peer Network: The most foundational piece of EarthBucks 2.0 is the peer-to-peer network, starting with two new mines hosted at compucha.com and ninjabutton.com. However, unlike the primary app hosted at earthbucks.com, I do not plan to have a webapp hosted at these new domains. Instead, there will be a new desktop app and mobile app that you will use to interface with the new mines. This will allow me to concentrate my efforts on one UI, the native app (for desktop and mobile), rather than a bunch of separate webapps. This will enable me to launch many mines and wallet services, all with different domain names, but all sharing a common API and client-side UI.
• Bitcoin Cash Wallet: The most important early application for EarthBucks is an exchange so there can be a real market value for EarthBucks. However, there are legal issues with launching a standard centralized exchange. Thankfully, the cryptocurrency industry already exists, and it is technically possible to build a decentralized exchange with no legal issues. The easiest cryptocurrency to start with is Bitcoin Cash. So I have decided to launch a Bitcoin Cash wallet inside the new EarthBucks native app. Bitcoin Cash (BCH) will be a fully supported cryptocurrency right alongside EarthBucks (EBX). The wallet will be self-custodial and will support merge avoidance, a technique for greatly increasing privacy on any blockchain, which has never been implemented before on Bitcoin Cash, and will therefore help to draw in an audience of Bitcoin Cash users.
• Decentralized Exchange: The EarthBucks native app will also include a decentralized exchange. After the new BCH and EBX wallets are complete, the greatest value in having both self-custodial wallets together in the same app is to create a full self-custodial exchange, i.e., decentralized exchange. Currently, my idea is to put the order book itself on the EarthBucks blockchain, although that particular aspect may change, as I think a centralized order book may work. The most important part is that the actual exchange is decentralized, meaning when a trade is executed, the client-side app will sign the transaction(s).

For EarthBucks 2.0, I will operate all mines myself to make sure the software technically works. However, my intention is to open up the network for anybody to run a mine or wallet (subject to certain conditions). That may happen for the 3.0 milestone.

Stay tuned for more updates!