Bitcoin Forum
October 22, 2018, 08:15:05 PM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Smart contract platform with masternodes  (Read 166 times)
kurret
Member
**
Offline Offline

Activity: 91
Merit: 10


View Profile
December 04, 2017, 08:00:09 AM
 #1

I would like to know if the following blockchain project has already been implemented. Imagine a smart contract platform like Ethereum, but which also has masternodes. These masternodes can of course be used to do things like instantSend and PrivateSend, but they would also be available to all smart contract developers. Namely when coding a smart contract, one should be able to write commands that will be run by the masternodes.

This could allow people to for example develop ERC20-like tokens but which implement instantSend, games that are interacting with a blockchain can get instant confirmation on all their interactions with the blockchain to not to slow down the gameplay too much. As I understand it, currently dApps need to be connected to a server to relay communications to the blockchain (or run their own node which is slow and memory consuming): this could now also be run completely by masternodes.

So my question is if this already exists? Is it a good or bad idea? why/why not?

1540239305
Hero Member
*
Offline Offline

Posts: 1540239305

View Profile Personal Message (Offline)

Ignore
1540239305
Reply with quote  #2

1540239305
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
shade_tom
Newbie
*
Offline Offline

Activity: 31
Merit: 0


View Profile
December 04, 2017, 11:27:26 AM
 #2

It's a pretty good idea. I would also add that MasterNodes should also be able to act as HTTP oracles. That way querying a website for some realtime information would be possible.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!