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6 sats \ 6 replies \ @0xbitcoiner 10 Nov \ parent \ on: Spaces Protocol to go live on Bitcoin Mainnet on block 871222 bitcoin
Just how small is the blockchain's footprint, really? Can you break down the technical stuff for me?
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0 sats \ 5 replies \ @ca98am79 OP 10 Nov
Most transactions are the size of a regular bitcoin transaction, and limited only to top-level spaces. Subspaces are handled off chain with zero knowledge proofs. So we can scale to billions of subspaces/names with little on chain footprint. The only data stored on chain is the top level space name in the transaction to open the auction. Top level spaces are limited to roughly 10 per day.
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0 sats \ 4 replies \ @andy 10 Nov
but a subspace owner can go on chain whenever they want, or do subspace delegations always stay off chain?
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0 sats \ 3 replies \ @ca98am79 OP 10 Nov
yes they can take their ownership on chain if they want, and it is treated as a top level space
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0 sats \ 2 replies \ @andy 10 Nov
once they go on chain, can they go back off chain?
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0 sats \ 1 reply \ @ca98am79 OP 10 Nov
i think so, yes - if they let the onchain subspace utxo expire and are included in the space owner receipt committed onchain afterwards
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0 sats \ 0 replies \ @andy 10 Nov
can they delegate it back to the space owner without waiting for expiration?
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