The encoding question was a lot simpler when the only action available was "reference a quorum, thus binding it to a specific block". Now we also need to express "vote of confidence" and "vote of no confidence" with a Bitcoin address as an additional parameter.
One of the particular concerns here is expense - we want to make this efficient, possibly supporting batching of multiple actions into a single transaction. We also need to account for BTC's limitations to discourage "dust" transactions, which may provide some hard lower limits on monetary sums.
MaddieM4
commented
10 years ago
The encoding question was a lot simpler when the only action available was "reference a quorum, thus binding it to a specific block". Now we also need to express "vote of confidence" and "vote of no confidence" with a Bitcoin address as an additional parameter.
One of the particular concerns here is expense - we want to make this efficient, possibly supporting batching of multiple actions into a single transaction. We also need to account for BTC's limitations to discourage "dust" transactions, which may provide some hard lower limits on monetary sums.