pull down to refresh

0 sats \ 3 replies \ @ca98am79 OP 10 Nov \ parent \ on: Spaces Protocol to go live on Bitcoin Mainnet on block 871222 bitcoin
the zk receipt is published on chain by the space owner so that subspace holders can verify their ownership
write
preview
0 sats \ 2 replies \ @andy 10 Nov
is it really an off chain transaction then if there needs to be a zk receipt placed on chain? or, is it really that you get a benefit in that all off chain transactions can be aggregated into a single on chain?
reply
0 sats \ 1 reply \ @ca98am79 OP 10 Nov
yes millions of subspaces can be aggregated into a single hash. Subspace ownership can then be verified off chain with things like fabric
reply
0 sats \ 0 replies \ @andy 10 Nov
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