SteemHalo - Trustless double-deposit-escrow without third party - Can it be done in Steem? - Study

in #steem6 years ago

I am trying to recompile all the information I can find in order to check if it is possible to do a really user-friendly SteemHalo which would work similar to BlackHalo.

If there are some Steem-Developers who are knowledgeable in this field I would love to get their input as well below this post for some questions:

  • Is it possible to send outputs to a newly defined multisig-address which could have as a definition that the deposit amounts of both parties get refunded if the transaction is canceled by 2 parties (so that no new account for this operation would have to be created??)
  • or if completed: the deposit amounts get refunded and the price is paid to the seller
  • or if the maximum time for completion or cancellation is exceeded, the transaction is blocked forever.

This is the basic functionality of BlackHalo and does not need a third party. everything can be done by the buyer and the seller directly.

Instead of using BitMessage or an email, I guess one could use the Memo functionality of Steem?

Please, perhaps @xerox could provide some input if this is feasible and perhaps some code ideas/examples in order to get me or anyone else started.



Some links regarding this project:

http://blackhalo.info/
https://steemit.com/piston/@xeroc/piston-how-to-use-it-for-multisignature-accounts
https://github.com/steemit/steem-js/tree/master/doc#multisig

I think this would really be a great functionality that would set Steem apart from all other CryptoCurrencies

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if it is possible then it 'Steemhalo' will be great project and really beneficila for steem..Thanks for sharing your idea with us.

I hope that some guys like @xerox could share some light on this as well...

@mexbit - Sir I don't get much technical knowledge about this project... But sound's interesting... Hope they can make it happen Sir...

+W+ [UpVoted & ReSteemed]

Thanks for resteeming!

Thanks for sharing....
Upvote and Resteemed...

Thanks for resteeming!

Finally you introduced Alphabit currency with a analysis.......
DQma6bfoCwGUZZ2FSHghKfx4iXuR8xcDNZXayz8suMxxsms.jpg

Please no spam...

steem has got lots of thing covered almost and ready to use it on the go

This would be a trillion dollar thing...

After looking in all the video in details this can really be done i am fully optimistic on this one

I can use this post at least in order to refer to this project... but no developer answered any questions... :/

i believe you can make it possible with your effort you are the only one on this platform who can really make it possible to make it happen

I am trying to figure out if it is possible with the account system in Steem, as this was designed for Bitcoin clones... I am not sure if this is possible in the same way.

Steem blockchain really holds the ability to perform such things can it be really implement in real

I am not a 100% sure if the implementation can be done exactly like this...

if anyone could start thinking about this idea it would be really cool

I have tried to call the attention to these Halo projects a few times... it seems not to be something people are very interested in...

gt vh.jpg

Not sure about the message in this one...

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