Tuesday, May 1, 2018

Simple sharding on blockchain with multiple denominations

Every block chain transfer is broken into components, by denomination. There be a set of denomination sizes, down to some acceptable resolution.  Each transaction is broken down to the minimum set of denominations that make the whole.  There is an independent block chain for each denomination.  Users keep a separate sub wallet for denominations they  need.

A method like this still allows party to party fraud,but the digital accounts are consistent with no double spends. The receiving party must check that all the existing denominations arrive correctly.  If not, seek redress elsewhere, the block chains are consistent.

Each minder can take the whole, break it into the largest part, being sent to the proper chain, and the residual resubmitted.

No comments: