Is it possible to replicate the features of opendime strictly with software?
Specifically: can you hand off a UTXO to someone, without going on chain, and provably transfer ownership so that it’s not possible for the previous owner to spend it?
I’m sure it would require some non-standard address, signing mechanism, or maybe even a soft fork?
This would give us many of the benefits of #ecash (privacy and avoiding transaction fees) while maintaining the security of layer one.
#askNostr #bitcoin #BTC
MachuPikacchu / Machu Pikacchu
npub1r6…4gmmd
2024-08-05 22:42:20
Author Public Key
npub1r6ggl0qazvwp02rlxgrf75lkfazuwhu35tmdg0u25eqsjax6243qh4gmmdPublished at
2024-08-05 22:42:20Event JSON
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"content": "Is it possible to replicate the features of opendime strictly with software?\n\nSpecifically: can you hand off a UTXO to someone, without going on chain, and provably transfer ownership so that it’s not possible for the previous owner to spend it?\n\nI’m sure it would require some non-standard address, signing mechanism, or maybe even a soft fork?\n\nThis would give us many of the benefits of #ecash (privacy and avoiding transaction fees) while maintaining the security of layer one. \n\n#askNostr #bitcoin #BTC",
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