Hi there,
Can someone explain in simple words what is it so special about ntx? please explain recast, anonymity etc..
Thanks
Can someone explain in simple words what is it so special about ntx? please explain recast, anonymity etc..
Thanks
Hello mav.
There is a whitepaper that has the details, although it looks as though it is poorly written but most likely English was not the writer's first language.
From what I've gathered, recasting will essentially delete all aliases two "casts" back unless a minute fee is paid to keep them. All aliases lost we be available as they were in the genesis block. I'm not sure but I think this also includes messages and maybe some other data.
For your assets and coins, you simply have to perform some sort of transaction, with a fee, which I think you get back, otherwise, after a certain number of "casts" they will all start to slowly disappear over time. I think they are redistributed as fees for forging. This over time would increase incentive for forging and stop deflation (only through the money supply process not from demand).
From what I could gather, is this would also solve the blockchain bloat but still be very secure and also disadvantage hoarders of aliases. This would he very good for micro transactions but could be scary for some people and businesses.
I only skimmed through that part of the whitepaper but I love the idea. I didn't look at the anonymouspart. It will be good to hear some expert opinions and to see it implemented(it's still being written).
