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Subject: Re: [bitcoin-dev] Smart Contracts Unchained
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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 th=
e 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 prob=
ably not a good idea in general.
Regards,
ZmnSCPxj
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On Thursday, April 4, 2019 9:55 AM, ZmnSCPxj via bitcoin-dev <bitcoin-dev@l=
ists.linuxfoundation.org> wrote:
> https://zmnscpxj.github.io/bitcoin/unchained.html
>
> Smart contracts have traditionally been implemented as part of the consen=
sus rules of some blokchain. Often this means creating a new blockchain, or=
at least a sidechain to an existing blockchain. This writeup proposes an a=
lternative method without launching a separate blockchain or sidechain, whi=
le achieving security similar to federated sidechains and additional benefi=
ts to privacy and smart-contract-patching.
>
> bitcoin-dev mailing list
> bitcoin-dev@lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
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