1 thought on “TBK bookkeeping system reinstatement steps”

  1. Consultation record · Answer at 2021-08-05nHello, I am glad to answer questions for you. I immediately find and sort out the answer. Please wait for the complete steps of the whole process as follows: 1. When users want to transfer Bitcoin to the side chain Bitcoin was sent to a special output. Note: These Bitcoin is locked on the main chain, not the real transfer to the side chain. 2. Waiting for a confirmation period so that the above transactions can be confirmed enough. 3. Create a transaction to extract Bitcoin in the side chain, which needs to indicate the output of the above main chain in this transaction and provide sufficient SPV proof (it is true that these Bitcoin is locked). 4. Waiting for a period of competition to prevent dual spending attacks. 5. Bitcoin circulates freely on the side chain. 6. When users want Bitcoin to return to the main chain, take similar reverse operations. The complete steps of the entire process are as follows: 1. When the user wants to transfer the Bitcoin to the side chain, first create a transaction in the main chain, and the Bitcoin to be transferred is sent to a special output. Note: These Bitcoin is locked on the main chain, not the real transfer to the side chain. 2. Waiting for a confirmation period so that the above transactions can be confirmed enough. 3. Create a transaction to extract Bitcoin in the side chain, which needs to indicate the output of the above main chain in this transaction and provide sufficient SPV proof (it is true that these Bitcoin is locked). 4. Waiting for a period of competition to prevent dual spending attacks. 5. Bitcoin circulates freely on the side chain. 6. When users want Bitcoin to return to the main chain, take similar reverse operations. The TBK accounting system adopts a multi -chain parallel method. Through the user in the TBK accounting system, it is easy to realize the interaction of the chain, which not only facilitates the merchant, but also facilitates users and successfully realizes consumer empowerment.

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