> For the complete documentation index, see [llms.txt](https://bitcredit.gitbook.io/bitcredit-protocol/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://bitcredit.gitbook.io/bitcredit-protocol/the-bitcredit-solution/bitcredit-mints-wildcats.md).

# Bitcredit Mints (Wildcats)

The Bitcredit Network is composed of **credit mints** called 'wildcats' that play a central role in turning business credit into spendable digital cash.

**Guarantees & Onchain Security**

Wildcats must **lock $e-IOU**, in a channel with a scripted conditional remedy transaction, creating a **100% asset-backed guarantee**. This mechanism:

* Protects eCash end users from a default of eBill payers
* Funds a remedy transaction if a 'rabid' wildcat fails to fulfil its obligations
* Signals transparent proof of wildcat health on the Bitcoin mainchain

This ensures that eCash in circulation is traceable and verifiably backed by Bitcoin, eBills, and guarantee assets.

**Mutual Supervision Across Mints**

Wildcats operate under a system of continuous mutual supervision. Each mint in the network audits and monitors its peers, with recourse mechanisms and financial penalties that activate automatically in the event of failure. This creates a self-policing, self-correcting network where integrity is enforced by protocol, not by trust in any single operator.

**Verified Trade Backing & Credit History**

Every eBill minted and settled becomes a verifiable record anchored to the Bitcoin mainchain. Over time, this builds a tamper-proof credit history for every business participant; honest counterparties refinance more cheaply, while bad actors lose access to liquidity. Real goods are validated at the point of issuance; reputation compounds on every settled trade.

**Permissionless Participation & Decentralisation**

Bitcredit mints operate in a **non-custodial, peer-to-peer** fashion: anyone can download the open-source Wildcat software, run a mint, and compete on minting fees, service levels, and guarantee ratios. The result is a **globally available**, **24/7**, **decentralised network** with no single point of failure. This open structure ensures constant uptime and robustness, as well as resistance against censorship and rug pulls.