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    Author Topic: [ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine  (Read 578582 times)
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    October 15, 2014, 06:41:52 PM
     #2581

    For example, Counterparty has an in-built decentralized exchange which uses the Order Message. These messages could be offloaded to an MBC side-chain for fast order matching. Periodically, the results of the trades on the side-chain could still be embedded in the Bitcoin Blockchain like they are currently doing.

    Again, I need to stress that I am talking about using both the Bitcoin Blockchain and an MBC at the same time to complement each other. The MBC would ephemerally store recent data and offload the balance of this data back to the Bitcoin Blockchain.
    Ok that makes it much clearer for me. The account tree structure is particularly useful for acting as a dynamic balance sheet as it does in Cryptonite, and if you need to store that type of data in a decentralized way then a MBC type of scheme is probably a good approach. I'll listen to that Beyond Bitcoin discussion you linked to when I have some time and learn more about Counterparty.

    Great! That's what I was thinking. In hindsight, that particular interview doesn't discuss the fundamentals of the Counterparty Protocol enough. This episode of Lets Talk Bitcoin might be a better on-ramp - http://letstalkbitcoin.com/blog/post/ltb109-the-ideal-counterparty.

    It would be really great to see that example of an MBC enabling a faster and more efficient (less Bitcoin Blockchain bloat) decentralized exchange/market side-chain!

    I'll give you a chance to think about some of this. I'll re-iterate that the Counterparty Devs are great guys and really approachable, as you also seem to be, so I think you guys could have some great conversations. Drop me a PM when you're ready to chat.


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