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Topic: 2 alt chains with common multisig = decentralised exchange mechanism? (Read 971 times)

legendary
Activity: 1807
Merit: 1020


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
hero member
Activity: 900
Merit: 1000
Crypto Geek
Great find. I didn't know about that!

Here's a link to that
https://bitcointalksearch.org/topic/p2ptradex-p2p-trading-between-cryptocurrencies-91843

Sadly not in production AFAIK
member
Activity: 83
Merit: 10
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
hero member
Activity: 900
Merit: 1000
Crypto Geek
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!?
hero member
Activity: 900
Merit: 1000
Crypto Geek
 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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