Author

Topic: SegWit, OP_RETURN and colored coins (Read 787 times)

legendary
Activity: 954
Merit: 1003
March 12, 2016, 03:19:30 AM
#3
Now I'm not up to date on how colored coins work, but AFAIK they use OP_RETURN, which segwit will not change. Segwit will not change the output scripts except for maybe adding a new op code.

Most transactions use only OP_RETURN, but some of them use ugly hack which uses 1-of-3 multisig to store more than 80 bytes of data. I know, CC guys made ugly thing, it was not polite to make hacks. Sad

It looks like CC should change the way they work completely. For example, there is not way to use multisig channels for them. Sad

May be CC sidechain should be created. Sad
staff
Activity: 3458
Merit: 6793
Just writing some code
March 11, 2016, 06:52:01 PM
#2
SegWit changes everything in Bitcoin.
How so? Segwit only moves the signature data out of the transaction.

What's the correct way to create colored coins with segregated witness transactions?
The current way will still work. Current transactions will still be valid when segwit is deployed.

Now I'm not up to date on how colored coins work, but AFAIK they use OP_RETURN, which segwit will not change. Segwit will not change the output scripts except for maybe adding a new op code.
legendary
Activity: 954
Merit: 1003
March 11, 2016, 06:09:38 PM
#1
SegWit changes everything in Bitcoin.

What's the correct way to create colored coins with segregated witness transactions?

How can we create multisig colored coins transactions? May be someone understands how to create LN channels for colored coins?
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