What he says?
What is greenaddress?
Hi Fatov, someone asked about it last night so I went and read up on it, and made this observation:
https://bt.irlbtc.com/view/421615.msg11900113#msg11900113 . I didn't understand the announcement thread on BCT, so I looked up the wiki:
The thread is confusing to me, but according to this wiki:
https://en.bitcoin.it/wiki/Green_address I think the comparison is to DASH's instantX technology. The difference is that with Green_addresses, you must trust a server of some sort for correct information to check for double spends, and with instantX, we have the masternode network, which locks transactions, just like a miner would. This is done with the untrusted, distributed masternode network and thus has no double spend weakness. The dual network of miners and masternodes enables DASH to do many new things, and people are just not getting that.
We have almost 3000 masternodes, with a 19 million dollar market cap. Bitcoin has less than 6000 full nodes (including miners and pools) with a 4 billion dollar market cap. Think on that.
The above issue is also an issue with light wallets. Light wallets used on phones, etc... do not carry the entire blockchain and instead rely on a server to send them that information. If that server is compromised, it could mess up ability to make a payment. Soon, but not yet implemented, the masternode network will be doing this job for DASH light wallets, and therefore the blockchain will be "served up" via the network, not a trusted centralized source.
DASH's dual network has solved a myriad of issues with Bitcoin.
Really sorry I'm the only one around right now. Wish Toknormal could explain this stuff, he's really good Smiley
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