Good morning Prayank > I have explained the whole idea with a proof of concept in this link: > https://medium.com/@prayankgahlot/post-mix-usage-using-multisig-and-cpfp-e6ce1fdd57a1
The article is not clear I think, so please confirm my understanding below. Participants: * "Peer 3" - Payee * "Peer 2" - Payer * "Peer 1" - Enabling tr\*sted third party Goal: Payer wants to pay to the payee 0.006BTC Current Conditions: * Payer owns 0.01 BTC in a single UTXO * Third Party owns 0.05 BTC in a single UTXO Protocol: 1. Payer and Third Party compute a 2-of-3 address with the public keys of Payer, Payee, and Third Party. 2. Payer and Third Party individually pay their owned funds to the 2-of-3 address. 3. After confirmation, they consume the new outputs into another transaction with equal-valued outputs, hiding who owns which coins. Is my understanding correct? If so, I believe JoinMarket has a superior technology, which does not require a tr\*sted third party; it simply requires one or more UNtrusted third parties to participate in signing a single transaction that does not require paying to an intermediate m-of-n address (thus all inputs are singlesig). Basically JoinMarket allows the market taker to decide how much the equal-value outputs are, and to define the address it goes to. The destination address need not be one the market taker controls, it can be to a payee. This technique is the only out-of-the-box way that a JoinMarket wallet can spend funds from a JoinMarket wallet. JoinMarket as well already includes how to get in touch with enabling third parties (called "market makers"). Regards, ZmnSCPxj _______________________________________________ bitcoin-dev mailing list [email protected] https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
