Kenshiro [] [ARCHIVE] on Nostr: 📅 Original date posted:2019-02-08 📝 Original message:Greetings, What do you ...
📅 Original date posted:2019-02-08
📝 Original message:Greetings,
What do you think about implementing Confidential Transactions in extension blocks? CT transactions go from extension block to extension block passing through normal blocks. It looks the perfect solution:
- Soft fork: old nodes see CT transactions as "sendtoany" transactions
- Safe: if there is a software bug in CT it's impossible to create new coins because the coins move from normal block to normal block as public transactions
- Legal: Exchanges can use public transactions so regulators can monitor their activity
- Capacity increase: the CT signature is stored in the extension block, so CT transactions increase the maximum number of transactions per block
Regards
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📝 Original message:Greetings,
What do you think about implementing Confidential Transactions in extension blocks? CT transactions go from extension block to extension block passing through normal blocks. It looks the perfect solution:
- Soft fork: old nodes see CT transactions as "sendtoany" transactions
- Safe: if there is a software bug in CT it's impossible to create new coins because the coins move from normal block to normal block as public transactions
- Legal: Exchanges can use public transactions so regulators can monitor their activity
- Capacity increase: the CT signature is stored in the extension block, so CT transactions increase the maximum number of transactions per block
Regards
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