Declaration of Independence - Atomic Cross Chain Asset Standard

[CryptKeeper]

Declaration of Independence

We the asset holders hereby declare our independence from any single blockchain.

An open and jointly developed specification on cross chain atomic asset transfers will be developed. Any current or future blockchain is invited to join.

Each blockchain will need to not only promise protections for asset holder interests, they need to live up to them. Otherwise, all the assets will simply move to blockchains that do.

Additionally, once assets become mobile, the different blockchains will start to differentiate themselves with better features for the assets. Better liquidity, better fees, more functions.

This ability for the asset holder to choose where their assets reside is the only protection from the tyranny of the hardfork.

Traditional companies trade on multiple exchanges, it is time for decentralized assets to distribute the blockchains they exist on. Maintaining a constant total number of assets issued across all blockchains will allow maintaining a fixed total, but only if each participating blockchain follows strict rules on asset issuance.

The reality is that everything in crypto trades against BTC. One of the conditions for cross chain assets is the ability to trade directly against BTC, preferably native BTC and not a derivative. I will be working on a reference implementation as a first draft and look forward to collaborate with all other asset oriented projects.

This is an interop standards effort and it needs to be blockchain agnostic and asset centric.

James

P.S. I am not asking for any funds or investments.

Source: https://bitcointalk.org/index.php?topic ... sg13966154