Thread by @krippenreiter

1/ To be honest, I'm having a hard time comprehending this one, but I came up with a simple example that could help. 🧵

@woj4ke Please correct me if I am incorrect.

I'll probably delete this later if it doesn't make sense.

https://twitter.com/woj4ke/status/1640770166467465217

2/ Assume I develop a #decentralized gaming app (L2-Smart Contract) with 10 nodes hosted all over the world to be redundant and reliable while processing #smartcontract data in the #network.

➡️ The purpose of this #game is to walk from the starting point to the finish line.

3/ On the players route to the finish line, there are rocks to leap over.

After successfully leaping over a rock, a #transaction on the #dApp gets crafted, granting the player 1 issued #Token labeled "JUMP".

4/ The next question is how players may obtain this #Token and, more importantly, how this is handled.

For this to happen, the #dApp must agree that it is appropriate and must sign a #transaction that reads "give @krippenreiter 1 JUMP Token."

5/ To make this more #secure and prevent any adversary from compromising a single #MasterKey, I, as the #dApp #developer, use multi-signature-keys for my dApp

Hence, in order to sign a #transaction that grants @krippenreiter one JUMP #token, e.g. 8 out of 10 signers must approve

6/ Then I begin to distribute my #signer #keys to the 10 various #nodes, who will then be able to govern what happens on the #network.

These 10 (or more) nodes can be different organizations or entities that have agreed to work together to maintain the #dApp #network.

7/ The reason for using #nodes rather than persons is that if a signer #key is held by a single person and that person becomes unavailable or exploited, the entire #network may be affected.

8/ Clearly, the nodes themselves (not necessarily the #keys) may be regulated and #administrated by several types of persons, such as:

🔸 Creators of the project
🔸 Operators of platforms
🔸 Third-party arbitrator
🔸 Those who invest

9/ #DKM exists to help the #developers handle the intricacies of the multiple multi-signature-key-enabled account signer keys that reside on the various #nodes in the gaming #dApp #network. 🤨

10/ Does seem far too confusing, doesn't it? 🥹

So, what precisely does #DKM accomplish for my gaming #dApp?

🔸 Create & Transmit the TX to the #XRPL
🔸 Forward the TXs to be signed to the nodes
🔸 Get signatures back from each node
🔸 Add & remove new signer keys from the list

11/ It's always entertaining to read a whole blog on something novel and profoundly significant just to eventually end up with:

1) What

I hope my example was not too ridiculous. 😅

And no, I'm not going to read your 800+ lines of code, you madman! 🤣❤️

12/ Further information may be found here:
🔗 devpost.com/software/decen…

@threadreaderapp unroll