3 sats \ 12 replies \ @0xbitcoiner 10 Nov \ on: Spaces Protocol to go live on Bitcoin Mainnet on block 871222 bitcoin
What's your edge over the competition?
built on bitcoin, very little footprint on the blockchain
cypherpunk (no premine, no separate token, no foundation)
built in a scalable way
reply
Just how small is the blockchain's footprint, really? Can you break down the technical stuff for me?
reply
Most transactions are the size of a regular bitcoin transaction, and limited only to top-level spaces. Subspaces are handled off chain with zero knowledge proofs. So we can scale to billions of subspaces/names with little on chain footprint. The only data stored on chain is the top level space name in the transaction to open the auction. Top level spaces are limited to roughly 10 per day.
reply
reply
yes they can take their ownership on chain if they want, and it is treated as a top level space
reply
reply
i think so, yes - if they let the onchain subspace utxo expire and are included in the space owner receipt committed onchain afterwards
reply
reply
subspaces and data related to names can be stored off chain
we have a proof of concept for subspace management here: https://github.com/spacesprotocol/subspacer
you can see how we store data off chain for example with fabric:
https://github.com/spacesprotocol/fabric
reply
reply
the space owner publishes the zk receipt on chain so all subspace key holders have proof of ownership
reply