Bitcoin Unlimited and Nexa Lead Developer, Andrew Stone, presents at the Australian Crypto Convention on 23 November 2024.
Andrew provides an introductory overview of the Nexa cryptocurrency, then, for the first time anywhere, discusses a revolutionary application for blockchain technology: Atomic Secret Exchange (patent pending).
The Problem:
Sell a secret (or an NFT with encrypted data and the key)
Details of requirements:
Trustless, anonymous, permissionless, decentralized
Atomic exchange of assets and secret (no exchange or intermediary)
Blockchain must verify continuity of the secret
Blockchain must verify that the secret was transferred without gaining knowledge of the secret
A mathematical explanation is provided for the solution, and its context with Nexa Technologies is discussed: Open Outcry Messaging, Multiparty Transaction, enhanced CheckDataSig, Group Covenants.
Finally example code is demonstrated.
Read more: