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MetacoSA / NBitcoin

Comprehensive Bitcoin library for the .NET framework.
MIT License
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Question/Discussion: Open Assets + Payment Hubs #470

Closed Mike-E-angelo closed 6 years ago

Mike-E-angelo commented 6 years ago

Hello Community,

I have had my head in this space for a few weeks now, and feel slightly educated on this topic, but maybe still swimming a bit, so please bear with me. 😆

My question has to do with this article I just read: http://allcoinsnews.com/2016/03/26/2016-bitcoin-improvements-enables-open-assets-protocol-scalability/

I am primarily interested in how this space has shaken out since the article in 2016. Can Payment Hubs be used anywhere? I did a search and nothing obvious returned. From what I understand, the Lightning Network is also currently under development and has not been deployed yet, so this is not really a consideration either.

It would seem that the Open Asset Protocol is used in NBitcoin to issue assets. I basically wanted to confirm this and see if this is the most up to date and preferred way of doing so.

Further, I am also interested in leveraging this functionality in multiple coins. That is, I am interested in keeping track of assets on Litecoin and Bitcoin Cash as well as Ethereum (FWIW all of these are featured in Coinbase's commerce model). I know that there is an alt coin version but wanted to verify that this colored coins/OAP functionality works for these desired coins.

Finally, I am also interested in having this work on Ethereum, but from what I can tell that is a whole other ball game and would involve a custom/smart contract to make this work.

FWIW, it would seem that BlockCypher has support for an Asset API, along with support for BTC, LTC, and ETH. Further inspection, however, shows that their Asset API is only in their BTC documentation (I have an email to them to verify).

I would appreciate any and all insight and clarification around this space that can be provided. I also wanted to share my appreciation and respect for putting some solid .NET into the BTC space with this project as well. :)

Thank you for your efforts here, Michael

NicolasDorier commented 6 years ago

I think for everything asset related you should wait. There has been big advances thanks to Peter Todd in this subject, and giacomo zucco is trying to redact a protocol out of it. (https://www.reddit.com/r/Bitcoin/comments/8wrtmo/assets_on_bitcoin_rbg_protocol_giacomo_zucco/)

This is quite game changing, so I advise you to hold off any attempt to use tokens on Bitcoin for now.

Mike-E-angelo commented 6 years ago

Hey, from the man himself. :) Thank you sir for your great work here, @NicolasDorier. It is much appreciated. As well is the link that you provided.

Very insightful stuff. Seems as if I stumbled upon this topic/space at the right time. I will check out https://github.com/rgb-org/spec and see what I can find there.

Also, I will also update this thread with any interesting news/notes that I derive from that. Seems like the .NET space is wide open everywhere these days. 😆 Thanks again! Closing for now.

NicolasDorier commented 6 years ago

rgb is very new. It is moving fast. But the awesome feature it has is that you don't need a full block explorer to transmit your asset. It makes it incredibly lightweight to operate. Still way to go though.