🧵Deep Dive into Ergo's Chaincash: A Spender-Signed Currency 🧵 1/ In DeFi, we're looking for ways to make digital currencies both stable and trustworthy. Most stablecoins need heavy collateral or depend on external entities for value stability.
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2/ 💡What is Spender-Signed Currency? This concept, originally from Kenji Saito's work, is now being adapted for Ergo. Imagine each digital currency unit as an IOU (I Owe You) note. Every time it's used, the spender 'signs' it. This creates a traceable history of transactions.