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Firefish Protocol

This document outlines the technical design of the Firefish Protocol. Please note that the actual implementation—delivered through the Firefish application—may differ in certain aspects, as both the application and the underlying escrow system remain under active development. For the most accurate and up-to-date information on the current functionality and limitations of the Firefish Protocol, please refer to the Terms of Use.

<aside> 🔥 The Firefish Protocol enables the escrow of Bitcoin for peer-to-peer collateralized loans settled in fiat currency

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<aside> 🔥 The protocol uses the scripting capabilities of bitcoin, such as multi-signature schemes and Partially Signed Bitcoin Transactions (PSBT)

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<aside> 🔥 The goal of the protocol is to remove risk and trust requirements from the interaction between parties

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Subjects of Firefish Protocol

Escrow Contract

Prefund Contract

Firefish App

The Process

Key Benefits of Firefish Protocol

Potential Drawbacks of Firefish Protocol

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