Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
"The idea is that if you link and use the balances from your linked addresses to do transactions" You mean btc addresses, no byteball addresses I assume, is this right?
I mean both
. The Byteball app also have change addresses, it behaves the same way as a standard Bitcoin client. Let's assume, you have n bytes on bb_addr1, you send m bytes to bb_addr2, here's what happens:bb_addr1 => bb_addr2: m
bb_addr1 => bb_addr3: n - m
The result is:
bb_addr1 is empty.
bb_addr2 received m.
bb_addr3 holds your new balance (bb_addr3 is also one of your addresses).
I'm having a déjà-vu impression ^^.
"you either have to link new addresses or send your funds back to your initially linked addresses and stop doing (outgoing) transactions." You mean before the snapshop, after the snapshot I can move/spend btc and this will not influence the byteball balance, is this right?
Yes before the snapshot. Theoretically, after the snapshot you can move both your bytes and BTC and it shouldn't affect the distribution (you'll receive the expected amount). Having said that, last time, Tony gave the go to move the BTC ...