It is not yet decentralised.
The planned "decentralisation" involves bitcoin blockchain transactions that need many signatures, so you can do things like "it takes any 30 of these 50 servers to sign in order for these bitcoins to be moved".
At that point many Open Transactions servers can all as a group secure bitcoins into the bitcoin blockchain in such a way that a majority of them have to agree where those coins are to go in order for them to go anywhere.
That "federation of Open Transactions servers" stuff is not yet in place.
I am currently testing Open Transactions, see https://bitcointalksearch.org/topic/open-transactions-server-assetbondcommoditycryptocoindeedsharestock-exch-53329
-MarkM- ("knotwork"; Digitalis Data Services.)
Topic: decentralised exchane Open Transactions by fellow traveler looks amaizing! (Read 1790 times)
December 17, 2011, 01:50:17 PM
December 17, 2011, 05:48:33 AM
Hi Yall ,
Is this project still being developed?
https://github.com/FellowTraveler/Open-Transactions
I think this will take bitcoin to the next level. A decentralised exchange and wallet is such a cool idea and makes it almost imposible to hack or bring down.
anyway I'm not a coder so when I look at github I freak out. I would love to see this project move forward so total non programers like me can use it.
Is this project still being developed?
https://github.com/FellowTraveler/Open-Transactions
I think this will take bitcoin to the next level. A decentralised exchange and wallet is such a cool idea and makes it almost imposible to hack or bring down.
anyway I'm not a coder so when I look at github I freak out. I would love to see this project move forward so total non programers like me can use it.
The project rocks but how will you get btc with fiat currency if the exchange is decentralised?
December 17, 2011, 03:22:22 AM
Ooh! Looks interesting!
December 17, 2011, 03:16:51 AM
Hi Yall ,
Is this project still being developed?
https://github.com/FellowTraveler/Open-Transactions
I think this will take bitcoin to the next level. A decentralised exchange and wallet is such a cool idea and makes it almost imposible to hack or bring down.
anyway I'm not a coder so when I look at github I freak out. I would love to see this project move forward so total non programers like me can use it.
Is this project still being developed?
https://github.com/FellowTraveler/Open-Transactions
I think this will take bitcoin to the next level. A decentralised exchange and wallet is such a cool idea and makes it almost imposible to hack or bring down.
anyway I'm not a coder so when I look at github I freak out. I would love to see this project move forward so total non programers like me can use it.
the project appears to still be active, it was last edited 3 days ago.
December 17, 2011, 02:42:23 AM
Hi Yall ,
Is this project still being developed?
https://github.com/FellowTraveler/Open-Transactions
I think this will take bitcoin to the next level. A decentralised exchange and wallet is such a cool idea and makes it almost imposible to hack or bring down.
anyway I'm not a coder so when I look at github I freak out. I would love to see this project move forward so total non programers like me can use it.
Is this project still being developed?
https://github.com/FellowTraveler/Open-Transactions
I think this will take bitcoin to the next level. A decentralised exchange and wallet is such a cool idea and makes it almost imposible to hack or bring down.
anyway I'm not a coder so when I look at github I freak out. I would love to see this project move forward so total non programers like me can use it.
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