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RE: Minglejingle: Scalable blockchain with non-interactive transactions I ...

in DBuzz • 4 years ago

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

4 years ago in DBuzz by
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     4 years ago  

    Hmmm, I don't understand how it can shrink.

    • What is a "Carrier Pigeon" in terms of what you are referring to?

      Posted via D.Buzz
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       4 years ago  

      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

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       4 years ago  

      Ahh, #XMR has something similar, with their View Only wallet, right?

      Posted via D.Buzz

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         4 years ago  

        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

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         4 years ago  

        Ahh, okay.

        Since that is one of the things he told me he wants for #HLIX.

        Posted via D.Buzz

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         4 years ago  

        Blockstream's liquid network is also MW