pull down to refresh
0 sats \ 7 replies \ @andy 10 Nov \ on: Spaces Protocol to go live on Bitcoin Mainnet on block 871222 bitcoin
can spaces be transferred off chain, or just subspaces?
how are off chain subspace transactions secure? how does a third party find off chain transactions?
spaces transactions are on chain
whoever holds the key for the subspace is the owner - they prove/verify all updates with their key. We have created fabric for updating data for spaces, and it can probably also be used for subspaces: https://github.com/spacesprotocol/fabric
reply
reply
reply
the zk receipt is published on chain by the space owner so that subspace holders can verify their ownership
reply
reply
yes millions of subspaces can be aggregated into a single hash. Subspace ownership can then be verified off chain with things like fabric
reply
OK, so it seems like the transaction is not really done off chain, but instead, all metadata for the transaction is just not necessarily stored on chain?
for example, in the early days of spaces protocol, there won't be tons of subspaces per space, so if a subspace wants to be delegated, they aren't going to want to wait days or weeks for the space owner to have more transactions to aggregate delegation of, so each subspace transaction is practically going to require a single on chain transaction if there is no others to aggregate with?
i guess I'm trying to understand if this has a similar paradigm as zkcoins and taproot assets?
reply