Haircomb's transactions are a permanent redirection of funds, initiated by funding a liquidity stack. Any amount of subsequent stacks can be added without incurring additional fees.
This method of transacting could provide a major benefit for bulk payment procedures, such as payrolls.
Bitcoin's ECDSA encryption is vulnerable to quantum computing. By using a varied Winternitz one-time signature scheme, Haircomb is set up with post-quantum public/private key encryption. As quantum computing becomes a greater threat to ECDSA, Haircomb aims to protect users and even strengthen the entire ledger by providing a post-quantum option on-chain.
Aside from commitments to the btc chain, Haircomb stores all data off-chain. This ensures detailed transaction information is not publicly visible to anyone other than the sender and receiver.
In the Haircomb protocol, a Decider acts as a decentralized and automated version of an escrow agent. The Decider holds the funds (trapped in a Merkle Segment) until certain conditions are met, making the final decision and releasing funds based on those conditions. Deciders could bring many types of 3rd party transacting systems to Bitcoin in a safe and decentralized way.
Each bitcoin block emits an ever-declining amount of comb. (~1.5/block, ~12mil max supply) This could provide increased mining incentives for Bitcoin, while releasing comb in a fair way for everyone. By watching fee trends and predicting what fee will put your special transaction at the top of the upcoming bitcoin block, you can claim Haircomb!
To obtain Haircomb tokens, you can trade peer-to-peer or participate in the comb mining process, called "claiming". A full guide on how to claim can be found here. There's also a video guide
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