Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | Fork for Masternode Payment
Not at all. Check my edit as well.
DRK sends information back to your computer when it's done combining the transactions, and you sign the giant transaction it makes with your private key.
It appears to be different in more ways than that, but since I can't fully grasp CLOAK I'm not going to bother typing it out.
In a completely generalized explanation, that is more or less correct. But the nodes never have control of your coins, they can't redeem the inputs.
Steps:
1) You and everyone else sends amounts to masternode 1, along with randomly generated change addresses.
2) Masternode 1 denominates to those addresses, with the help of your client (your client says something like "I need 10 DRK, 5 DRK, and (3) 1 DRK to send 18 DRK")
3) Then those outputs get sent to masternode 2 with the addresses where these coins are destined (where you and everyone else are sending them).
4) Then masternode 2 combines them all into 1 transaction, asks each individual user to use their private keys to sign the transaction, and then the transaction is broadcast.
