Counterparty ethereum reddit
Available for Android and iOS: Try out the new Bitcoin. The Crypto-Experiment Rolls On. Counterparty is a financial platform for creating peer-to-peer financial applications on the bitcoin blockchain.
Built on the revolutionary peer-to-peer blockchain technology that powers Bitcoin, Counterparty. You can also read the latest news, or engage with the community on our Bitcoin Forum. What is the relationship between Bitcoin and Counterparty Counterparty highlights a project that uses its platform, Storj, which recently updated its white paper. Towards Bitcoin Payment Networks. Justin Connell Justin is a writer with the Bitcoin. QE for The Masses.
Having experienced its millionth transaction recently the bitcoin-based smart contracts platform Counterparty is developing rapidly and healthily. Why cant it meet compliance needs? Apologies for my naivete and ignorance. I see that the scalability paper is coming along nicely. And this is not an essential part of the cryptocurrency. We can use facebook or twitter accounts for the same purpose. Valid arguments, this helps separated the concepts and demystify the threats and opportunities of both models.
Good and timely post! However, when there is a dispute or law enforcement action the private blockchain information is accessible to designated observers. So the data is in the blockchian but as Vitalik said, the access is restricted to certain parties. We explain this in our whitepaper http: Yeah guys, I am glad to see that you have put already this in practice at GadgetCoin.
I fully agree, a ledger that expose the transaction information to the public is not usable for business purposes. When you write a smart contracts application that you know if going to run on every Ethereum node you must be very economical in the resources you consume and pay for them of course.
You will be able to define the capacity of your nodes, and you will not be taking on the load of the rest of the network. This gives a lot more freedom to create more complex smart contract applications. I think that while the private blockchain has an initial appeal for a consortium such as immutability, cheaper and timely auditing while maintaining more control the trade off though is security, I think we will find that the cost associated with securing a private blockchain will far outweigh the cost to secure a well established public blockchain.
Please, read your comments five years from now… Just some months ago, people wrote that Ethereum is a scam and never release any useful thing. We need different kinds of blockchains because the original Bitcoin was set up to work like the US political system, and not everybody likes that.
There are other use cases, starting with partnership between equals. Perla explains it very well. You cannot change the rules of a blockchain unless you have consensus.
You have a vote, I have a vote, and somebody has a million votes. If you want to run a social network where there are fifteen nodes, and each node has one vote, you need a different kind of blockchain, as Vitalik explains.. I think Satoshi must have read Chomsky,.
Bitcoin is resilient against bad actors, but only if they are attacking the system from the outside. On the Bitcoin blockchain, Goldman Sachs will always be able to shut down Occupy. If you want a network that supports different outcomes, you need to design it differently.
Vitalik has made a good start. Indeed such use might even become a requirement imposed by banking regulations as private chains become widespread. Public block chains have a huge role to play in healthcare in areas including consumer identification, privacy, and interoperability and consortium block chains in areas including healthcare fraud mitigation, compliance, and intervention.
Lots of play for both characters. I could use these further reads. Bitcoin is designed specifically for decentralization, and is shit for a centralized design. You want centralized then just do a simple design, no need for a blockchain.
Then you have full control, no constraints, easy scaling. Only decentralized and centralized. A consortium of 15 banks is an authority, it is centralization. Failing to understand that for the creator of Ethereum … does say a lot about Ethereum. Currently everybody can see everything what is going on which is also kind of an advantage for some use cases. Hi All, you all seem to be the one of the most knowledgeable group I found on this topic. Could you please advise me regarding One Coin.
They are claiming to have a blockchain with billion coin capacity, currently private, closed source, allowing only investors to mine the coins. They are promising to get merchants on board by the end of the year.
I understand Bitcoin miners resistence towards a non-public, centralized block chain. In other words, is the company making legitimate claim or are they scamming non-tech savvy crowd? You may use these HTML tags and attributes: On Public and Private Blockchains Introduction.
The Official Ethereum Stablecoin 01st April, Ethereum scalability research and development subsidy programs 02nd January, Author Braun Brelin Posted at 9: Author sillytuna Posted at 9: Author HClivess Posted at 9: Author World News Curator Posted at 1: Author pelias Posted at 1: Author Perla Posted at 1: Author sillytuna Posted at 4: Author bruno cecchini Posted at 9: Author crainbf Posted at 6: Author Gabriel Wood Posted at 5: Author Richard Kastelein Posted at 1: Author Sander van Loosbroek Posted at 2: Author Sander van Loosbroek Posted at 4: Author sillytuna Posted at 5: Author Joshua Unseth Posted at 5: Author Harm van den Dorpel Posted at 6: Such bad form to put his age in the equation.
Author Frank Goertzen Posted at 7: Author Joshua Unseth Posted at 8: Author Guest Posted at 6: Author Guest Posted at 8: I think you are glitched. Author Leonel More Posted at 9: And is not just Vitalik, is a big team of very smart people working on it. Author Joshua Unseth Posted at 9: Author Joshua Unseth Posted at 4: Author bruno cecchini Posted at 5: Author JoseKollamkulam Posted at Apologies for my naivete and ignorance Reply.
Author Vitalik Buterin Posted at 9: Author Paul Paschos Posted at 8: Author Andrey Zamovskiy Posted at 9: The Merkle trees are actually important. Author Andrey Zamovskiy Posted at 1: Author Donald McIntyre Posted at 9: Author gadgetcoin Posted at 1: Thanks for this great write up. Author altcoinUK Posted at 2: Author Malcolm Mcewen Posted at Author Adi Posted at 4: Author Leonel More Posted at Adds clarity to the literature for the non-experts like me.