toychain/notes.md

Design Notes

Initial design choices

• protocol/routing/network layer: websockets (multi nonblocking clients)
• server-side fileformat : yaml
• client-side fileformat : JSON

Language choice:

serverside: perl (or nodejs) clienside: javascript

block chain structure

minimally sized blocks :

• segreated signature, timestamp, audit etc.
• block: {address, previous, pow}

observation ...

• revokable block if sign w/ a DH on txo and ECDSA on txi

• txroot (merkle root can be global)

• PoW is to slow down chainupdate to avois spam

• consensus is on the longest length

• /!\ maximal work is hackable

• sort of tx sequence can be done on node side

• block chain can store tx out of order (FIFO style)