Proposed Decentralized P2P Consensus based Trading
- All Addresses created in pool are signed with multiple private keys owned by N Addresses, each address assigned to a unique Peer.
- All Asset Transfers are m|N multi-signed from a Pool.
- All Receiving tokens to an address in the name of a recipient require m|N signatures.
This way we can build protocols to blacklist default misbehaving Addresses and we can identify Addresses with its owners and disallow Pool Participation.
Consensus based trading
Upon finding a buyer-seller match, P2P Trade only occurs once:
- Sending Peers cooperatively sign a transaction.
- Any m|N Peers associated with that Receiving Address, registered in the name of the Receiver, sign with their pvt keys.
As a rule,
- All Transactions are Consensus based.
- All Decentralized Ledger Clearing is followed by Consensus based trading.