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Blocks

Viewing 5 posts - 1 through 5 (of 5 total)
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  • #5535
    bigblue
    Participant

    Alex,

    A question? It would be possible to timestamp or register (as admin option) the transactions on some blckchain network (btc?)?

    Thank you

    Best regards

    #5541
    alexg
    Keymaster

    Hello,

    I am not sure what you mean. Are you referring to internal transfers? These are by nature off-chain. Withdrawals are already on blockchain.

    Can you describe more fully what you would like to accomplish with this?

    thank you

    with regards

    #5545
    bigblue
    Participant

    Yes, that’s what I refer to.

    Yes, they are off-chain, but if they can be block writable it could give more register transparency to transactions. That’s why I am asking for a simplest way and zero-cost to have this option in somehow.

    Thanks to you

    Best regards

    #5557
    alexg
    Keymaster

    Thank you. The problem I have with this is that looks to me as bad design. Either you want immutable transactions, in which case, use a blockchain, or you want the administrator to have control, and therefore you can do off-chain internal transactions.

    For example, the plugin already gives you the ability to cancel a transaction. What happens if you have already recorded its hash somewhere? Does the hash prove something? It should not. Also, nobody is stopping you from editing a transaction via MySQL.

    Internal DB transactions do not offer the same guarantees that a blockchain does. If you were to do what you suggest, you would be making promises you can’t keep. In other words, you might give the impression that these transactions are immutable and censorship resistant, when in fact they are neither of these things.

    I believe this is why nobody else is doing this. What do you think?

    #5567
    bigblue
    Participant

    Hi Alex,

    Thanks for the opinion, you are correct about the design concept. I agree with you.

    Best regards

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