Bryce asked me to share this from the Telegram chat group.
Lots of good UNO chatter on Telegram. Join the group from here:
https://t.me/unobtanium_unoBelow are BW's words:
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Yesterday I announced my new
Infiniti Protocol for the management of intellectual property.
This is like... Stampery on crack
It's built to use public blockchains to store actual data, not just anchor hash values.
UNO and Bitcoin cannot store that much data efficiently... but they CAN store hash values and further secure the data on OTHER chains.
What I'm building is a super-asset system that is blockchain independent and can be used to make data immutable, even if a single blockchain is not.
So for instance, a UNO transaction can store a hash value that represents data on Ethereum.
So while UNO doesn't natively work with this system (and neither does Bitcoin), I'm going to integrate it as an "anchor chain" providing greater reliability to the data stored on other blockchains.
Technically speaking, this means OP_RETURN transactions with burn amounts.
So anchoring your data will have an added cost, but will also add greater reliability and redundancy.
This is why I've been dragging my feet a bit. I haven't announced UNO support, but it's going to be in the next set of pushes to the repo and the documentation.
I haven't really gone into that feature in public just yet.
Ooooooo
I just had a moment of inspiration
I think it would be possible to add transaction versioning to UNO, and then create a new transaction version which included the requisites for a data payload.
Right now it uses XTO. Next is SYS. Then comes FLO. Then comes BTC/UNO. Then comes ETH.
I'm going to make ETH integration ERC20 compatible.
On the flip side instead of that transaction versioning, we could proceed with the PeerAssets integration and then it would work for any chain running PeerAssets.
I think that's a much better idea.
MoUnobtanium asks: I'm a non-technical, does this cause a fork?
BW: "Nope. It's a metaprotocol. That's what makes it so powerful.
It rides on top of blockchains without disturbing them.
Math likes to be simple.
The simplest answer is usually the most elegant.
the smart contrct-iness comes in that my protocol uses an identity system to create keys for any blockchain you need.
So if you own ERC20 tokens on Ethereum you can "prove" it to PeerAssets running on UNO.
You can't double spend because you just have to check both chains.
