SF Bitcoin Devs Seminar: Distributed Consensus Systems with Reality Keys
Details
- A walk-through of the different approaches to getting information about the external world into a distributed consensus system, including:
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Alt-coins with their own distributed consensus about facts (Truthcoin, SchellingCoin etc)
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Signed data feeds (for Counterparty, Ethereum etc)
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Transaction-signing oracles (Codius, the "BitEthereum" concept)
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Hash-locking
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Conditional key release (Reality Keys)
- Worked examples using Bitcoin and Reality Keys, featuring:
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Using non-standard branching transactions
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Creating atomic transactions
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Creating stealth keys using ECC arithmetic
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Combining keys to make standard transactions
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