7060ANNOUNCE: Public Key Transaction Processor Version 0.00
- Jun 23, 2010-----BEGIN PGP SIGNED MESSAGE-----
I am seeking people to participate in live testing of a distributed
metal storage and transaction system.
Approximately one year of operation of a single node has allowed
testing of transactions and refining the code to todays release of
version 0.00. A notable improvement over previous test versions is
the ability to set a 'Next of Kin' key. This allows metals held by
a lost key, or with a forgotten passphrase to be recovered on the
key expiry or the expiry of the vaults key. Metals will be
transfered to the chosen next of kin key. This provides even
greater protection for all users. The default next of kin is the
vault operator, this is anticipated to provide sufficient funds that
no other fees such as storage or transaction fees need be applied.
Designed to facilitate a global network of storage vaults allowing
local deposit and redemption with transactions across the world,
the next stage of testing requires multiple vaults to be operated.
If you can set up a Linux box and have an interest in secure and
private transactions, you are invited to participate.
An introduction and boring rant about it is at http://pktp.co.cc
The source code is available at http://drop.io/andrewmuck
The use of the Firefox plugin FireGPG works very well and makes the
PKTP system as easy to use as conventional user/password systems
while maintaining the high security of Public Key Infrastructure.
A Java based transaction formatter provides templates for all uses
and can be seen at http://fincryp.no-ip.info/transact.html
Success of any metal storage and transaction system requires that
users can have confidence in the operators of the system. By
establishing a distributed network of vaults with local redemption
provides a level of personal assurance and metal in hand there is
the potential to establish a large international user base while
keeping the storage required at each vault within manageable (i.e
cheap) limits. I hope that many will consider and join this effort
and use it responsibly with due consideration to whatever legal
requirements may exist in their jurisdiction.
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