4 ms·
Why isn’t there a private key to view the transaction in the ledger? Seems like this way the transaction could be private except if parties wish to release? S
by brentis 9y ago
Why isn’t there a private key to view the transaction in the ledger? Seems like this way the transaction could be private except if parties wish to release?
Similarly, would it make sense to have to mine the ledger or transactions? Similar to gas, depending on how secure you want you could adjust the complexity/duration to mine. Perhaps involved parties could mine at a great discount given their transaction to seed the mining where a 3rd party could take months or more.
These thoughts have been bouncing around in my head for a while. Thought I’d pass along for whatever they’re worth.
- cloudhead 9y agoBecause other parties need to verify or view that transaction. How else will you know that you've received money?
- ChrisClark 9y agoMonero has something similar. Private keys to send your coins and private keys to see transaction details. When looking at the transactions, you can see 'something was transferred', but the addresses and amounts are encrypted. You can only see the details (of your half of the transaction) by using your private key to view it.