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Topic: [BCN] Bytecoin technical discussion - page 4. (Read 14767 times)

newbie
Activity: 6
Merit: 0
August 01, 2014, 04:32:27 AM
#4
Are multi-sig transactions of N-M available or possible in BCN ?

Short answer: possible -- yes, available -- not yet.

I guess the real question is "Are multisigs and ringsigs compatible?"

Technically, yes. Independent features. Multisig: "who can sign" and ringsig: "how to sign". But some specific problems may arise.

Suppose we have three 1-of-2 outputs: (A,B), (C,D), (E,F), the same amount. (A) can spend (A,B) with ringsig (A,C,E), hiding which output was used. The problem: (B) can double-spend (A,B) with (B,D,F).

Another case: only one output 1-of-5: (A,B,C,D,E). (A) can spend it with ringsig (A,B,C,D,E), hiding the actual signer, but not the fact of spending.

The bottom line: "naive" multisig will work perfectly if we don't care about anonymity. Combining it with untraceable ringsig demands some additional rules.
sr. member
Activity: 336
Merit: 251
July 31, 2014, 10:23:28 AM
#3
One more thing, later on, based on the most popular and most hardcore questions we will create a technical Bytecoin FAQ. So try to ask smart questions which could present interest to other people. Wink
hero member
Activity: 637
Merit: 500
July 31, 2014, 10:20:17 AM
#2
Are multi-sig transactions of N-M available or possible in BCN ?
sr. member
Activity: 336
Merit: 251
July 31, 2014, 09:49:04 AM
#1
Hey guys,

I am glad to introduce you the Bytecoin (BCN) technical thread where core developers will answer any of your technical questions.

Please refrain from the off topic and keep it civil. All questions will be answered but you should take into account that it can take some time. Main focus should be on core technology questions since minor issues have been already discussed numerous times.

So, that’s pretty much it - ask question, receive answer, no off topic - everyone happy. Smiley

Also, we’ve setup an irc channel - #bytecoin-dev where you will be able to talk to developers live.

General discussion can be found here: https://bitcointalksearch.org/topic/bcn-bytecoin-secure-private-untraceable-since-2012-512747
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