Wednesday, February 14, 2018

How big is the notary business?

Let us count the new business, policing the pipelines.  Right now, bad pipelines have cost about 5% of sandbox currency to be lost. Using fiat pricing, that is about a billion dollars over a few years So, we have a 1 billion a year business, miners checksumming the pipeline on user request.

The user simple request protocol check in the protocol. As in:

Sell a apple pie to Joe
Collect coins from Joe
Check the protocol
Send this apple pie to Joe

Joe is free to do his own pipeline checks, the miners will optimize. 

Consider the most expansive case, likely too much.  

But  in the extrem, the ,iners maintain a set of finite block chains representing a pipeline protocol chain and  the last known states.  They operate from a set of validation requests in the incoming queue.  They may be grab the request, and validate by the current stat, or take the request, with the current state, and work it into the block chain.  Included in their tasks is verify, or force delete on a completed protocol from a pipeline.

If the processor has the secret pipeline key, hidden, then the miners, having the public key, can always verify the processor generated a valid crc representing the stable outcomes of all the protocols, individually or collectively. Once the miners maintain consensus on the secret processo key, then they continue consensus on any stable protocol. They actually track the path of the processor istructionpointer through the stable points in the pipeline.

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