Minglejingle: Scalable blockchain with non-interactive transactions
I have my head wrapped around MimbleWimble but this is going to take a minute
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Posted via D.Buzz
What is a non-interactive transaction?
Posted via D.Buzz
What you would consider to be a normal crypto tx is a non-interactive tx
In Mimblewimble, tx data must complete a round trip from Alice to Bob and back (by any means- carrier pigeon is ok) to be broadcasted
This tradeoff results in a ~%50 reduction in chain size and privacy (or a %90 reduction in change size is compared to bitcoin with similar privacy added)
Mimblewimble is the only chain that can actually shrink
Hmmm, I don't understand how it can shrink.
Posted via D.Buzz
A literal pigeon, to stress that the parties need not both to be online at the same time to complete the TX. similar to how you could send a bitcoin TX by pigeon if you can sign the transaction on paper and get it to someone with an Internet connection to broadcast
View Only wallet, right?
Posted via D.BuzzAhh, #XMR has something similar, with their
Hmm not quite, MW is very different as far as blockchains go :)
I'm a huge fan, because it's the first tech with lower node overhead than bitcoin
https://github.com/mimblewimble/grin/blob/master/doc/intro.md
Ahh, okay.
Posted via D.BuzzSince that is one of the things he told me he wants for #HLIX.