The Timechain: Improving Smart Contract Technology Using Time-Locks
Matthew Roberts and Elías Snær Einarsson, two developers who have been active in the crypto space, recently proposed and published a new technology known as timechain. Simply put, the timechain is a chain of keys that can be used by anyone to encrypt any information for a certain period of time. It introduces proper incentives for the people who create and maintain the chain, hence the system is considered a decentralized autonomous company (DAC). The idea received quite some attention, as it claims to offer genuine security improvements for the crypto space. A lot of people have made....
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Elías Snær Einarsson and Matthew Roberts, two coders who presently focus largely on cryptocurrency, have entered the security business with a splash, presenting a system called Timechain which aims to eliminate one of the biggest problems for exchanges: private keys having to exist in the same place as the funds being exchanged. Disclosure: the author is nothing of a cryptographer. Please make any corrections in the comments. Roberts is the inventor of Uptrenda, a "significantly more practical and secure" altcoin exchange system. Einarsson is the developer of RedArc, a Reddit archiving....