Post
Topic
Board Bitcoin Discussion
Re: The Holy Grail! I wish I could kiss the author of Bitmessage on his face.
by
themgp
on 22/05/2013, 08:07:05 UTC
Sounds very exciting. But I don't fully understand it yet, I tried to read some material on Open Transactions and BitMessage but still missing the point. Can anyone summarize what it is that OT and BM do, exactly?

To my understanding, OT allows a distributed exchange of currency between two parties (among other things) and BM allows broadcasting of secure/signed messages (among other things).  When BM is combined with OT, there is now a way to have a fully distributed marketplace of buyers and sellers broadcasting bids and asks using BM then transacted using OT.