Questions tagged [open-transactions]
12 questions
10
votes
3 answers
What is Open Transactions?
I discovered that there are some questions that discuss finer points of the Open Transactions Software, however the project itself could use a proper definition.
Please explain concisely what the Open Transactions is:
How does Open Transactions…

Murch
- 75,206
- 34
- 186
- 622
6
votes
1 answer
Is it true that a bitcoin transaction can go unverified and eventually get dropped by the system?
I have attempted to transfer 0.5BTC from my personal wallet to Coinbase and it's been 5 days since I initiated the transfer. It is still pending. I started reading about this and learned that there is no guarantee in the bitcoin system to actually…

Vladimir Ferdman
- 379
- 3
- 9
4
votes
3 answers
How does Open Transactions handle counterfeiting of currencies?
Say I create my own currency in Open Transactions, and begin trading it on OT with other users. What prevents some user from creating copies of my currency? I'm not sure its the same situation as double spending. I'm talking about someone who…

Coiner
- 41
- 1
2
votes
2 answers
Why "Open Transactions cannot lie on your receipt"?
FellowTraveller claimed here that :
OT cannot lie on your receipt. It cannot change your balance or forge
any of your transactions. (Bitcoin also is like this, but it's still
worth mentioning.) Combined with an auditing protocol, this makes it
…

ripper234
- 26,550
- 30
- 111
- 246