Hi Matthias,
First of all congrats on releasing the paper, for sure it took you many hours to consolidate all the information which you had on your human hard-drive.
By reading it, I got however a bit confused.
On the first part I thought about some "mechanism" that could unify/carry any altcoin blockchain by adding a signature as added value.
question 1) why only altcoins and not also bitcoin?
question 2) what would be the usage of the federated chain? Would it be used as a "central bank" which regulates and ensures altcoin blockchains are valid_
In the end, where you have the diagram, I see the federated blockchain as the Service middle layer, which only acts as middle man between altcoins existing services and is supposed to be codeless.
It did not clicked in my mind yet what is the added value of the federated blockchain or which types of services it can provide.
PS: I am not bashing on the paper, I am just trying to understand the concept on its fullness.
Cheers,
Nuno
just wasn't able to sleep so i am here once more
Yes its a bit confusing on the first read, try to read the "non-technical" parts very slow first, they are the key to understand the difference
of why this approach is unique and provides value. On the first view it looks as it doesn't add anything else but an ethereum like layer.
That Idea is not completely wrong except two significant details, first is, that does this this job for ANY Coin in a unified manner at the same time in one big network.
And it does it via a plugin that doesn't require users of any altcoin, to depend on their coin being added to the network.
They can just decide to plug into our ecosystem on their own, without any help or interaction, total user-control, absolutely permisssionless.
And second difference is that coins and and apps and services are not different layers or entities any more. You can connect coins to services, coins to coins or add
already existing services, that are existing on other coins blockchains or networks to our servicelayer in one unified manner.
Coins are services in the same way as apps are services, like in HTML5: EVERYTHING IS AN APP!
That's the key.
I hope this helps and no your questions are welcome
i am delighted to see your interest
have fun
Matthias
P.S. Ah i forgot to say: of course Bitcoin to ... its all the same then
Edit: and yes you are right: exchanges will hate it, lol
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