Has anyone looked into Statechains / Mercury Protocol? The premise is swapping/passing on Private Keys to trade value instead of moving sats from a UTXO to another.
Cool in theory right?
The coins get locked into a channel state and then you can pass on the priv key by using a multi SIG set up where a coordinator burns the old priv key and a new one is generated. (Its complex but this is the easiest way I can ELI5).
I thought the idea had merit. But it sort of died and no one took it up.
nostr:nprofile1qqs9pk20ctv9srrg9vr354p03v0rrgsqkpggh2u45va77zz4mu5p6ccpzemhxue69uhk2er9dchxummnw3ezumrpdejz7qgkwaehxw309a5xjum59ehx7um5wghxcctwvshszrnhwden5te0dehhxtnvdakz7qrxnfk nostr:nprofile1qqsr9cvzwc652r4m83d86ykplrnm9dg5gwdvzzn8ameanlvut35wy3gpz3mhxw309aex2mrp0yhx5c34x5hxxmmd9uqsuamnwvaz7tmwdaejumr0dshszythwden5te0dehhxarj9ekxzmny9u0ljp2l did you guys ever look into it?
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