Post
Topic
Board Announcements (Altcoins)
Re: BiblePay - New Coin Launch - Official Thread
by
bible_pay
on 15/10/2017, 13:11:08 UTC
Is the new idea like the smart contract?

BTW, I just checked the pool leaderboard. It looks like the pool can use one workerid for multiple miners now:
inblue  blu-a11  5818.9(HPS)   721669.92(HPS2)   1334(shares)

Some changes on the pool code?

Not like a smart contract, like an enhanced transaction type.

Here is bitcoins script language, if you would like to take a look at it:
https://en.bitcoin.it/wiki/Script

This is more like extending the script of bitcoin transactions to allow the Contingent order type (one tx depends on another tx's data and rule evaluation to be filled).

A smart contract is more of a coin-level programming language that allows you to embed a script that can be executed over multiple instructions-blocks-peers.  If we had an API for example, that pulled in the trusted bitcoin price into the sanctuary quorum, and the sanctuaries signed that price and inserted in the chain ocasionally, then we could possibly go as far as implementing a smart contract that said "if price Y > X, then release escrow Z to A on the expiration date B".  That would be a smart contract.