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.