As described, DeepVault will store hashes of files on the blockchain, not the files themselves. Hash functions take an input of arbitrary size and turns them into the outputs of the same size. Cryptographic hash functions have one important characteristic: if you change your input even a little bit, the output changes entirely in the way that's impossible to predict. Use case looks like this:
- take a document of arbitrary size
- compute its hash
- record the hash on the blockchain (for example by using transaction with OP_RETURN locking script)
can u please point me to the official description of DeepVault?
We have only received a sneak preview of DeepVault and the way its intended to function, more information will be revealed closer to launch.
We will be doing additional testing on DeepVault later today. While its not ready for deployment just yet, rest assured that it is close. We want it to be as close to perfect as we can before we officially introduce it. Stay tuned guys, I think you'll really love this feature!
Definitely looking forward to this! Is it only a matter of days until the release? Can you say something on the interface yet? Is it still normal like the wallet or will it look more like the wallet 2.0 design from impressive?
