Is it possible to create a system for 'shared wallets' on top of bitcoin?

2

Is it possible to build a system on top of bitcoin, where:

  • Random people will deposit money in a wallet X.
  • Nobody has access to that wallet.
  • After a few months, those users will vote in other wallets for the money in wallet X to go.
  • The money in wallet X is distributed between those wallets.

Is it possible on top of bitcoin, or would it need the design of a new system?

Dokkat

Posted 2014-04-10T19:31:28.663

Reputation: 21

Answers

3

Yes, it's called a Distributed Contract or a Smart Contract.

Projects like Ethereum are aiming to make this much more of a reality. Currently they're a bit of a pain to write.

Loourr

Posted 2014-04-10T19:31:28.663

Reputation: 3 022

Asked: 2014-04-10T19:31:28.663

Viewed: 57 times

Active: 2014-10-08T01:43:37.037