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authorTier Nolan <tier.nolan@gmail.com>2014-04-25 19:49:37 +0100
committerbitcoindev <bitcoindev@gnusha.org>2014-04-25 18:49:48 +0000
commit7a19cd5df691bcde7944bccae111b520b53b6b78 (patch)
treeabe3fa77b302fc9805afecb613d74dcc05106fd8
parent32fcd67bb455bdb0c722df5fd76c21903b3428fa (diff)
downloadpi-bitcoindev-7a19cd5df691bcde7944bccae111b520b53b6b78.tar.gz
pi-bitcoindev-7a19cd5df691bcde7944bccae111b520b53b6b78.zip
[Bitcoin-development] BIP - Hash Locked Transaction
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+From: Tier Nolan <tier.nolan@gmail.com>
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+Subject: [Bitcoin-development] BIP - Hash Locked Transaction
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+
+As part of the atomic cross chain system, outputs need to be hash locked.
+
+https://github.com/TierNolan/bips/blob/bip4x/bip-0045.mediawiki
+
+https://bitcointalk.org/index.php?topic=193281.msg2224949#msg2224949
+
+A user needs to provide x corresponding to hash(x) in order to spend an
+output.
+
+Under the protocol, one of the participants is required to provide the
+secret number in order to spend an output. Once they do that, the other
+participant can use the secret number to spend an output on the other
+chain. This provides a mechanism to link the 2 chains together (in
+addition to lock times). Once the first output is spent, that commits the
+transfer.
+
+This is half of the scripting operations required to implement the protocol.
+
+The proposal is to make this an adder on to the other standard
+transactions. It does a check that the hash matches, and then runs the
+standard transaction as normal.
+
+Adding the prefix to a P2SH transactions wouldn't work, since the template
+wouldn't match.
+
+A script of this form could be embedded into a P2SH output.
+
+I think that is ok, since embedding the "password" in the hashed script
+gets all the benefits.
+
+If there is agreement, I can code up the reference implementation as a PR.
+
+--001a11351cce6a65b004f7e26da1
+Content-Type: text/html; charset=UTF-8
+Content-Transfer-Encoding: quoted-printable
+
+<div dir=3D"ltr"><div><div><div><div>As part of the atomic cross chain syst=
+em, outputs need to be hash locked.<br><br><a href=3D"https://github.com/Ti=
+erNolan/bips/blob/bip4x/bip-0045.mediawiki">https://github.com/TierNolan/bi=
+ps/blob/bip4x/bip-0045.mediawiki</a><br>
+<br><a href=3D"https://bitcointalk.org/index.php?topic=3D193281.msg2224949#=
+msg2224949">https://bitcointalk.org/index.php?topic=3D193281.msg2224949#msg=
+2224949</a><br><br></div><div>A user needs to provide x corresponding to ha=
+sh(x) in order to spend an output.<br>
+</div><div><br></div><div>Under the protocol, one of the participants is re=
+quired to provide the secret number in order to spend an output.=C2=A0 Once=
+ they do that, the other participant can use the secret number to spend an =
+output on the other chain.=C2=A0 This provides a mechanism to link the 2 ch=
+ains together (in addition to lock times).=C2=A0 Once the first output is s=
+pent, that commits the transfer.<br>
+<br>This is half of the scripting operations required to implement the prot=
+ocol.<br></div></div><br></div>The proposal is to make this an adder on to =
+the other standard transactions.=C2=A0 It does a check that the hash matche=
+s, and then runs the standard transaction as normal.<br>
+<br></div><div>Adding the prefix to a P2SH transactions wouldn&#39;t work, =
+since the template wouldn&#39;t match.=C2=A0 <br><br>A script of this form =
+could be embedded into a P2SH output.<br><br></div><div>I think that is ok,=
+ since embedding the &quot;password&quot; in the hashed script gets all the=
+ benefits.<br>
+</div><br><div><div><div><div><div><div></div><div>If there is agreement, I=
+ can code up the reference implementation as a PR.<br></div></div></div></d=
+iv></div></div></div>
+
+--001a11351cce6a65b004f7e26da1--
+
+