Post
Topic
Board Announcements (Altcoins)
Re: [BCN] Bytecoin. Secure, private, untraceable since 2012
by
Ullo
on 09/10/2015, 16:13:27 UTC
The latest blog post uncovers the process of the implementation of micro-donations in Bytecoin transactions that have been introduced earlier in Bytecoin Wallet 1.0.8. release.

We'll be glad to hear your comments and answer your questions.

Discuss on the Bytecoin Forum.

Quote
Today's blog post is dedicated to the technical side of the implementation and will mainly cover the percentage of a transaction part of the update. During the setup process you can set maximum percentage of a transaction to be donated. On average, donation will be lower than the specified percentage. Why? Let's have a look into the how the donation part of the transaction is being constructed first.

Usual Bytecoin transaction construction process, in simplified terms, can be described as follows:

  • Wallet receives transaction data: amount, mixin count (anonymity level), address(es) to send to.
  • Wallet starts to create a transaction - it looks for several user's outputs that would cover the specified amount. These outputs then become transaction inputs.
  • For each recipient wallet splits an amount into new outputs with power of 10 (for example 53800 is split into 50000, 3000 and 800) and for each new output generates a one-time key from the recipient's address and some random data. These pairs (new amount, one-time key) become transactions outputs.
  • If sum of transaction inputs (see #2) exceeds the transaction amount, it creates a separate transfer (in the same transaction) to user's address to send a change.
  • When the whole process is finished, wallet signs the transaction and sends it to the network.