Post
Topic
Board Announcements (Altcoins)
Merits 1 from 1 user
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
shinjikun
on 06/02/2018, 11:27:17 UTC
⭐ Merited by LoyceV (1)
I have a question regarding blackbytes.
As I understand it: In a Blackbyte-Transaction only a hash of the transaction is stored in the DAG. The real proof of ownership is send to you and it is stored localy. This is the reason why you can't restore Blackbytes from your Seed.
My question is: Byteball itself is a distributed DB. Wouldn't it be possible to store this Blackbyte information in it? Of course encrypted by your public key. Mayby a little bit later then the transaction, so it would be impossible to link it.
Then it would be possible to restore all of your assets only whit your Seed. Or am i missing something?