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Friday, October 23, 2015

Bitcoin and Cryptocurrency Technologies - Quiz 11 Problem 1

In the smart property scenario presented, where Alice sells her car to Bob via an atomic transaction:

Requires modifications to Bitcoin because there is no way for two different people who don't trust each other to securely sign the same transactionWrong
Alice and Bob must be physically near the car for the transfer of control to take effectWrong
Bob must make sure that Alice deletes her private key so that she does not retain the ability to activate the carWrong
The protocol doesn't prove to Bob, before the sale, that the transaction output that Alice wants to sell him actually corresponds to the car he wants to buyCorrect

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