Bitcoin Forum
April 25, 2019, 08:46:53 PM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Decentralized offchain Banking system and colored coins Project  (Read 1650 times)
ucerron
Newbie
*
Offline Offline

Activity: 6
Merit: 0


View Profile WWW
July 31, 2014, 05:25:05 AM
Last edit: July 31, 2014, 05:53:57 AM by ucerron
 #1

I've been working on an open source decentralized offchain banking project, which is basically a complete decentralized peer to peer version of open transactions voting pool allowing allowing for off chain transactions by using a variant of bitcoinj's micro payments channels multisignature scheme (although this might change).

this paper is still a very rough draft for me, just wanted to get it out there and get some general feedback on my approach.

the white paper rough draft is located here https://github.com/DecentralBank/whitepaper.

We have also been working on a colored coins chrome extension wallet. It's still in pre alpha version for now but we will transition to alpha next weekend, since the wallet can work independently from the decentral network we will release it first.

http://i.imgur.com/TIAwpYj.png
http://i.imgur.com/mxzVrre.png


the website is decentralbank.com.
1556225213
Hero Member
*
Offline Offline

Posts: 1556225213

View Profile Personal Message (Offline)

Ignore
1556225213
Reply with quote  #2

1556225213
Report to moderator
1556225213
Hero Member
*
Offline Offline

Posts: 1556225213

View Profile Personal Message (Offline)

Ignore
1556225213
Reply with quote  #2

1556225213
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
bitpop
Legendary
*
Offline Offline

Activity: 2478
Merit: 1045


https://keybase.io/bitpop


View Profile WWW
July 31, 2014, 07:48:28 AM
 #2

This is something I can get behind

Reputation  |  PGP  |  Ethereum Classic
Bitcoin: 3DSh6AnmvBpDJFUz2mnLirMLmTMcFs9nDm
kolinko
Full Member
***
Offline Offline

Activity: 518
Merit: 101



View Profile
July 31, 2014, 10:57:43 AM
 #3

Did you read about a concept of distributed oracles?

https://github.com/orisi/wiki/wiki/Orisi-White-Paper

and the source code repo:

http://github.com/orisi/orisi

While it's quite different from what you're proposing, distributed oracles also allow for handling banking/trading offchain, using multisig accounts. It would definitely be worth for you to see what's being done in this area Smiley
Coinprism
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile WWW
July 31, 2014, 01:08:22 PM
 #4

Is it compatible with the open assets standard for colored coins?
ucerron
Newbie
*
Offline Offline

Activity: 6
Merit: 0


View Profile WWW
July 31, 2014, 02:00:39 PM
 #5

This is something I can get behind
Glad to hear that.
Did you read about a concept of distributed oracles?

https://github.com/orisi/wiki/wiki/Orisi-White-Paper

and the source code repo:

http://github.com/orisi/orisi

While it's quite different from what you're proposing, distributed oracles also allow for handling banking/trading offchain, using multisig accounts. It would definitely be worth for you to see what's being done in this area Smiley
Will take a look at this. thanks!

Is it compatible with the open assets standard for colored coins?

I was discussing this with my teammates, I will read more into the protocol and play around with it.
ucerron
Newbie
*
Offline Offline

Activity: 6
Merit: 0


View Profile WWW
August 17, 2014, 07:50:56 PM
 #6

testing our code and adding new features for our browser extension wallet, stay tuned for our alpha release next week at decentralwallet.com , If you have any questions or suggestions about our architecture or code shoot us an email at decentralteam@gmail.com or subscribe if you'd like to learn more about the wallet or the offchain network.
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!