This is the 3rd part of the whitepaper, if you haven't read the previous 2 parts, please read them first. They can be found at Dev's Corner, the 2nd post of this thread.
Below is a detailed workflow chart, for p2p decentralized trustless anonymous system that SuperCoin uses. It is color-coded, so it is easier to see the coordinated actions among the 3 parties involved.
The diagram is pretty much self-explanatory, so we will not put many text to it. This shows only the main workflow, there are possibly at each point error conditions to handle, which are crucial to the success of the anonymous transactions. These sometimes tedious handling is the standard handling in any transactions. We will not provide details there.
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There will be one last part to the whitepaper, where we will provide an detail example of the SuperCoin. The last part will be published in a few days.
Someone PM'd me asking why I publish the details of the algorithm, and whether I am afraid that someone will copycat the idea. I told him that I welcome other people to implement the algorithm. It took me 3-4 weeks to do it. By the time they finish it, I'd possibly publish the code already
Have fun, and please post any questions you have.
