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Author Topic: 2 alt chains with common multisig = decentralised exchange mechanism?  (Read 949 times)
jago25_98 (OP)
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October 25, 2013, 06:43:50 PM
 #1

 If you have 2 coins both with multisig capability, can that commonality be used to establish an exchange rate between the 2 different coins?

 Is there any high level documentation on multisig? Is there anything out there actually using it yet? Is namecoins ability to put more information in it's blockchain relevant? Is there somewhere to read about this that's a bit easier to understand?
 


+---------------------+
|Namecoin             |
|                     |
|                     |
|                     |
|                     |
|                     |
+--------------+--------+
               |Multisig|
               +--------+                       +---------------------+
                   |                            |Bitcoin              |
                   \                            |                     |
                    \                           |                     |
                     |                  +--------+                    |
                     \                 .'Multisig|                    |
                      |             .-' +--------+                    |
               +------+-------+   .'            |                     |
               |Something else|.-'              |                     |
               |not required? |                 |                     |
               +--------------+                 +---------------------+




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jago25_98 (OP)
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October 31, 2013, 09:30:02 AM
 #2

I'm a bit disappointed this doesn't get any attention.

What's the point of Bitcoin if we all have to keep our coins on exchanges because the value is all over the shot!?

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January 06, 2014, 06:04:17 AM
 #3

Sorry for arrving late to the thread.

How is this different from atomic cross chain transactions covered in the original wiki?
https://en.bitcoin.it/wiki/Atomic_cross-chain_trading
jago25_98 (OP)
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January 06, 2014, 09:36:48 AM
 #4

Great find. I didn't know about that!

Here's a link to that
https://bitcointalk.org/index.php?topic=91843.0

Sadly not in production AFAIK

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January 06, 2014, 12:54:22 PM
 #5



we will be adding this "sort" of method for "safe" name trading within the Namecoin client soon..

http://dot-bit.org/forum/viewtopic.php?f=2&t=1316

http://dot-bit.org/forum/viewtopic.php?f=2&t=1328

although, not with 2 separate chains ----- yet Smiley

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