Welcome GRC,
nice to see someone from gridcoin over here.
Gridcoin just upgraded from POW to POS+POR, the burn period deadline has passed
and there's a significant sum of unclaimed Gridcoin.
There's a discussion started on the cryptocointalk forum regarding this, and the
topic of sharedropping a sum of gridcoin onto BTS or other crpytocurrency
blockchains has arrisen.
https://cryptocointalk.com/topic/31314-discussion-leftover-burn-process-coins-what-should-be-their-fate/
Interesting .. very interesting!
How would a non bts-toolkit cryptocurrency execute a sharedrop without the sharedrop coins being held by a centralized authority?
the bts toolkit/chains are based on the same ECC curve as does bitcoin and
supposedly also gridcoin. So, what you can do is, identify a group of people
that you want to sharedrop onto, and get their public keys .. you require the
public keys because you need to derive the corresponding gridcoin address.
After deriving the gridcoin addresses from the bts public keys .. you can send
gridcoins to those addresses depending on your sharedropping scheme (everyone
gets the same, or proportional .. or what ever)
Those holding the tokens can now import their private keys into gridcoin and
load there grid tokens. And this is unfortunately the crux .. people might
decide to not trust your developers and fear for their tokens in the BTS chain
because they load the private key into a 3rd party software.
There has been discussion about how to resolve this deriving a deterministic
child key instead and give the users a simple (easy to verify) tool that does
the corresponding process with their private keys.
Not sure how the devs are doing this
@Hackfisher
@bytemaster
@vikram
Topic: Potential Gridcoin to BTS sharedrop enquirey (Read 5509 times)
