|
August 21, 2014, 05:55:59 AM |
|
We are considering adding (optional) Peercoin style broadcasted checkpoints to Bitmark to further enhance security.
It occurred to me today, that it may be nice to require multiple signatures on any broadcasted checkpoints before they are accepted or relayed as valid. This would allow say 2 community members, an exchange, two pools and a developer to all sign a checkpoint once every few days, requiring a majority of signatures from those listed as valid, 5 of 8 or 8 of 12, and so forth.
We would intend it to be semi manual process requiring a human to verify and sign, not a fully automated system, to ensure a smooth transition and no technical exploits. Perhaps it is even better than hardcoded checkpoints where you have to trust only the developer(s).
Has anybody implemented such a thing, or proposed or analysed it? Seeking feedback, and to discuss this further over the coming weeks.
Mark
|