[bitcoin-dev] Smart Contracts Unchained

ZmnSCPxj ZmnSCPxj at protonmail.com
Fri Apr 5 06:00:20 UTC 2019


Building from this ---

It is possible via this mechanism for the federation to be selected by the participants, rather than the federation being defined as a fixed set by the smart contract platform.

Perhaps anyone can advertise themselves (by e.g. locking some bonded amount on the blockchain with a `OP_CHECKSEQUENCEVERIFY`) as being willing to act as trusted executors of smart contracts.

Participants then select such executors they believe to be trustworthy, and what voting quorum of the selected executors is sufficient to convince the participants of the correct execution of the smart contract.

Of course, more choices, more cognitive effort for you mere humans, so probably not a good idea in general.

Regards,
ZmnSCPxj


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‐‐‐‐‐‐‐ Original Message ‐‐‐‐‐‐‐
On Thursday, April 4, 2019 9:55 AM, ZmnSCPxj via bitcoin-dev <bitcoin-dev at lists.linuxfoundation.org> wrote:

> https://zmnscpxj.github.io/bitcoin/unchained.html
>
> Smart contracts have traditionally been implemented as part of the consensus rules of some blokchain. Often this means creating a new blockchain, or at least a sidechain to an existing blockchain. This writeup proposes an alternative method without launching a separate blockchain or sidechain, while achieving security similar to federated sidechains and additional benefits to privacy and smart-contract-patching.
>
> bitcoin-dev mailing list
> bitcoin-dev at lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev




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