Colored Coins protocol ontop of MultiChain

Question

Hi there,

I'm currently using the colored coins protocol (http://coloredcoins.org/) to issue assets on top of the bitcoin blockchain. After reading your docs, I'm thinking of using MultiChain to create a bitcoin protocol compatible private blockchain.

This private blockchain will at most support a few hundred users.

1. What's the minimum number of nodes I need to run?
2. Can we configure the blocktimes in multichain?

Thanks.

Answer 1

First, I believe you should have no problem running the Colu colored coins protocol on top of MultiChain, although it's not clear that it makes sense to do this, since you can also use MultiChain's native assets instead.

There is no minimum number of nodes technically, but in general blockchains don't provide meaningful resilience to malfunctioning or malicious behaviour unless there are at least 3 nodes.

And yes, you can configure the block times easily when creating a chain, down to 2 seconds (though see the note in the documentation relating to that): http://www.multichain.com/developers/blockchain-parameters/