Markets beyond Bitcoin, and off-chain transactions with minimal trust(frab.fscons.org)
frab.fscons.org
Markets beyond Bitcoin, and off-chain transactions with minimal trust
https://frab.fscons.org/en/fscons13/public/events/19
1 comments
Video: https://www.youtube.com/watch?v=VjzZPdQ_VV0
tl;dr: The lecture description says most of it. The most interesting thing that hasn't been published before is how to do off-chain transactions with minimal trust. Starts ~17:45.
Off-chain transactions with minimal trust: Needed because some use cases (markets) require settlement in the sub-cent range. The solution we propose is to use a smart contract with the same outcomes as deterrence theory, aka mutual assured destruction. The contract is entirely isStandard.
Use cases discussed: Bitmarket - A Bittorrent market, Anonymous Internet On Tap, ... et cetera
tl;dr: The lecture description says most of it. The most interesting thing that hasn't been published before is how to do off-chain transactions with minimal trust. Starts ~17:45.
Off-chain transactions with minimal trust: Needed because some use cases (markets) require settlement in the sub-cent range. The solution we propose is to use a smart contract with the same outcomes as deterrence theory, aka mutual assured destruction. The contract is entirely isStandard.
Use cases discussed: Bitmarket - A Bittorrent market, Anonymous Internet On Tap, ... et cetera
tl;dr: The lecture description says most of it. The only thing that hasn't been published before is how to do off-chain transactions with minimal trust.
Off-chain transactions with minimal trust: Needed because some use cases (markets) require settlement in the sub-cent range. The solution we propose is to use a smart contract with the same outcomes as deterrence theory, aka mutual assured destruction. The contract is entirely isStandard.
Use cases discussed: Bitmarket - A Bittorrent market Anonymous Internet On Tap ... et cetera