EvrLight and Nostr4Evr
*EvrLight uses Evrmore as Layer-1 for diverse
Lightning assets like Bitcoin is Layer-1 for
Lightning money*
An Overview of Evrmore for Nostriches
Evrmore is a code and chain fork of Ravencoin, a
proof-of-work GPU-mined blockchain forked from Bitcoin in
2018. Like Bitcoin, Ravencoin was launched in a fair way
with no premine or founder rewards, no masternodes, no
staking. Evrmore was launched in late 2022 as a code-cleanup
feature-enhanced datasize-reduction of Ravencoin, based on
the same fairness principles. Evrmore made the sole
compromise of creating a minerdevfund (10% of miner coinbase
rewards) which we hope will help fund development in the
future (no coins have yet been spent).
Evrmore provides secure flexible fast inexpensive assets
with human readable names guaranteed to be globally unique.
Evrmore is a simple UTXO-based open permissionless
decentralized noncustodial solution whose community shares
the same values as Bitcoiners. We are Bitcoiners.
An Evrmore transaction looks exactly like a Bitcoin
transaction, except for the contents of some outputs. Most
Evrmore transaction outputs looks exactly like a Bitcoin
transaction output except that an Evrmore asset control
script may be appended to the traditional scriptPubkey. The
Evrmore block interval time is 1 minute.
More details of Evrmore assets and the asset implementation
are explained
HERE
With EvrLight, the newly-announced technology to couple
Evrmore with Bitcoin-Lightning, casual Nostr users will be
able to receive, buy, sell, or give away Evrmore assets
atomically and noncustodially using only BTC-Lightning and
associated automation code. Average 1-conf settlement time
will be slightly over 2 minutes. Furthermore, the
transactions will be privacy-enhanced because the Lightning
invoice payment leaves no on-chain record of the source of
the Bitcoins. EvrLight is an enhanced protocol based on
BTC-Lightning submarine swap technology interacting with the
Evrmore on-chain UTXO Assets. Lightning thereby acts as a
payment rail and noncustodial controller for Evrmore assets.
The result is that Evrmore functions as the Layer-1 for
diverse Lightning assets in the same way that Bitcoin is the
Layer-1 for Lightning money.
For Nostr users, the UTXO on the Evrmore blockchain could
hold assets and EVR at an Evrmore address which is
equivalent to the Nostr user's npubkey and could therefore
be spent by their nseckey. An alternate address could be
specified by the user in their Nostr profile if desired and
the user might specify a different user's npubkey if they
are giving the asset to someone else. Assets which are
intended for purchase or sale by Nostr users are prepared by
bundling them with enough EVR coins to satisfy an
anticipated number of Evrmore on-chain mining fees. No
Bitcoin on-chain fees or confirmations are involved, so
transactions confirm inexpensively within about two minutes
on average.
More complex asset operations such as issueing, reissueing,
editing metadata, or extended trading after the bundled EVR
are exhausted are in theory also possible using only a
Lightning wallet and associated automation code. Lightning
wallets with those capabilities may become available. But in
the near term merchants should plan to use an Evrmore native
wallet for those operations. Evrmore provides evrmore-qt
(C++ desktop for Linux/Windows), electrum-evrmore (Python
for Linux/Windows), and Moontree (Android) wallets.
An overview of how EvrLight works, compared to how other
Asset technologies interact with Bitcoin-Lightning and their
limitations is explained
HERE
Technical protocol details of EvrLight are documented
HERE
Nostr and Lightning both face challenges in how to pay for
the infrastructure and developers they need to prosper.
Supporting flexible assets can help Nostr developers build
the Social Commerce features needed for a global market
community. Lightning node operators could increase their
volume and income by being not only the fastest and least
expensive way to buy things with Bitcoin, but by also
becoming the standard way to buy tickets, subscriptions, and
many other types of assets. We are confident that Evrmore
will prevail as the best asset solution. But for the good of
both Bitcoin, Lightning and Nostr, if you don't like
something about Evrmore, try a different asset solution.
Evrmore welcomes the opportunity to compete and win against
other solutions.
Additional thoughts and references about Social Commerce are
available
HERE
"In Theory There Is No
Difference Between Theory and Practice, While In
Practice There Is"
Copyright 2022,2023 by Hans Schmidt
Note: this is in no way related to the
wonderful book "Mastering Bitcoin" by Andreas Antonopoulos