[Cryptography] Bitcoin theft and the future of cryptocurrencies
jamesd at echeque.com
jamesd at echeque.com
Thu Dec 28 23:12:46 EST 2017
On 12/29/2017 1:54 PM, jamesd at echeque.com wrote:
>> > Suppose HHitler puts a wallet address on his website, and asks for
>> > donations.
>
> On 12/28/2017 4:55 AM, John Tromp wrote:
>> Mimblewimble doesn't have public addresses.
>> See
>> https://github.com/ignopeverell/grin/blob/master/doc/grin4bitcoiners.md
Oops, ignore my previous question.
The white paper you link to above tells me:
# no address. All outputs in Grin are unique and have
# no common data with any previous output. Instead of
# relying on a known address to send money, transactions
# have to be built interactively, with 2 (or more) wallets
# exchanging data with one another. Practically, this
# isn't so much of a problem as there are multiple ways
# for 2 programs to interact privately and securely.
# And this interaction could even take place over email
# or Signal (or carrier pigeons).
Sounds good.
For example, suppose each peer has a thousand client wallets, and the
capacity to connect to any other peer, that peers have fully accessible
ports, and that the client wallets, who being behind consumer grade NATS
generally do not have fully accessible ports, set up a direct client
wallet encrypted connection through their NATS using their peer
connections to initialize the connection.
But obviously this software is not written yet. Still vaporware, but
vaporware that sounds very promising.
Mimblewimble solves the problem of disk storage limiting scale.
How does it go on bandwidth limiting scale?
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