Open nud3l opened 5 years ago
Great question @nud3l!
Perhaps there's more to the question than I understand, but in simplified terms _"a new transaction 'tx_1' that uses the output of 'tx0'" would be written as (pseudo JS code):
const tx_0 = Tx.create() // "genesis"
const tx_1 = Tx.create(tx_0)
Does that make sense?
any node in the network would need to be aware of 'tx_0' and 'tx_1' to see if it's spent. Is that assumption correct?
Correct. Knowing tx_1
implies knowing tx_0
(as tx_1 references tx_0 in the execution log).
would the reduction of 'tx_0' and 'tx_1' only be valid if the signature is deemed valid?
Correct. Reduction of tx_0
and tx_1
is only valid if signatures for both are valid.
Hope this answers (some of) your questions!
Background
I was trying to play around with the Ambients proposal to create something like a "mini" Bitcoin on Ambients where one could spend previously unspent outputs to create a new transaction.
Question
Is it possible with Ambients to create new data from existing data logs? So for example, if I have a transaction 'tx_0' with one unspent output. I want to then create a new transaction 'tx_1' that uses the output of 'tx_0' as its input and creates a new unspent output. The following things are not clear to me: