Se ha denunciado esta presentación.
Se está descargando tu SlideShare. ×

2.13 Collateral Snip.pptx

Anuncio
Anuncio
Anuncio
Anuncio
Anuncio
Anuncio
Anuncio
Anuncio
Anuncio
Anuncio
Anuncio
Anuncio
Cargando en…3
×

Eche un vistazo a continuación

1 de 7 Anuncio

2.13 Collateral Snip.pptx

Descargar para leer sin conexión

Collateral Snip is the first snip of the block which will contain the proofs of authorized tokens which can be included in the block. It consist of STake UTXOs and its position updated Collateral UTXOs for specific tokens.

Collateral Snip is the first snip of the block which will contain the proofs of authorized tokens which can be included in the block. It consist of STake UTXOs and its position updated Collateral UTXOs for specific tokens.

Anuncio
Anuncio

Más Contenido Relacionado

Más de Project Blink (20)

Más reciente (20)

Anuncio

2.13 Collateral Snip.pptx

  1. 1. Project Blink Proof of Choice - 2.13 Collateral Snip
  2. 2. Collateral Snip ● In the first snip of a block “collateral snip”, the first transaction consist of Stake UTXO and Collateral UTXO which proves the authority to Mint X Tokens inside the block ● Collateral snips will consist of proofs of collateral for every token that is to be added to the block ● Blinkcoin is used as collateral token
  3. 3. Collateral Snip ● The first transaction contains the input of Stake UTXOs, created by the packet leader/owner and funded by the delegators who staked for the particular token of the packet of the slot’s epoch. ● The output results in a Collateral UTXO - a proof of collateral for specific tokens.
  4. 4. Collateral Snip ● Since UTXOs are used in the verification of collateral, it makes blinkchain’s proof-of-stake the most decentralized staking system ● These UTXOs has positions that changes in specific time-frames according to consensus rules e.g., Stake to Collateral UTXO only in Collateral Snip ● These UTXO scripts are Blink Scripts which has a special smart contract design - Parent Child Scripts
  5. 5. Stake UTXO ● Stake UTXO is a public-crowdfunding UTXO Script. It receives funds from delegators ● Each token for each block will have a Stake UTXO. ● Validators create Stake UTXOs for their allocated packet only for the tokens they accept as transaction fee. For other tokens, users themselves can create Stake UTXOs.
  6. 6. Stake UTXO ● Stake UTXO consists : Initial Fund, Token Hash, Accepted Token Check, Node’s Identity, Stake Identity, Per Asset Weight, Conditions, Commission ● The Stake UTXO is an escrow UTXO that stores staked blinkcoins for specific tokens and produces Blink pseudonymous-collateral tokens in return for the delegator
  7. 7. Next : 2.13.1 Stake Positions

×