I'm studying the "NotaryChains" project, described as "Creating a ledger of record for Bitcoin 2.0 applications, secured with the Bitcoin block chain".
Opinions?
White paper: https://github.com/NotaryChains/NotaryChainDocs/blob/master/whitepaper.md
Abstract:
NotaryChains create a Protocol Stack for Bitcoin 2.0 applications. The NotaryChains allow Bitcoin 2.0 applications to define tokens and communications without having to reinvent a public ledger, wallets, etc. Efforts to use Bitcoin must face restrictions on data that can be stored on the Bitcoin blockchain. NotaryChains allow Bitcoin 2.0 applications significant freedom in what data is managed. Bitcoin provides a "ledger of record" storing hashes for a NotaryChain server, that allow NotaryChain entries to be kept off the Bitcoin block chain, yet provably secure. These entries can be crafted to support a wide range of applications. Entries cannot be changed without breaking the hashes. Furthermore, entries can be chained to track changes over time. Each such "notary chain" can have its own rules and restrictions. This architecture allows for the easy construction of tokens or coins, securities, smart contracts, etc. NotaryChains allow the Bitcoin 2.0 applications to focus on their solution rather than reinvent the infrastructure to support the application.
Topic: "NotaryChains" - Creating a ledger of record for Bitcoin 2.0 applications... (Read 1899 times)
June 28, 2014, 03:45:49 PM
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