https://github.com/samparsky/ink-blind-auction

Blind auction implemented using Substrate INK
https://github.com/samparsky/ink-blind-auction

Last synced: 3 months ago
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Blind auction implemented using Substrate INK

• Host: GitHub
• URL: https://github.com/samparsky/ink-blind-auction
• Owner: samparsky
• License: mit
• Created: 2020-09-22T03:33:21.000Z (over 4 years ago)
• Default Branch: master
• Last Pushed: 2020-09-22T16:54:38.000Z (over 4 years ago)
• Last Synced: 2023-10-26T11:51:40.463Z (over 1 year ago)
• Language: Rust
• Size: 4.88 KB
• Stars: 0
• Watchers: 2
• Forks: 0
• Open Issues: 0
• Metadata Files:
  • Readme: README.md
  • License: LICENSE

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README

        
# ink-blind-auction

Blind auction implemented using Substrate INK smart contract programming language.

It implements a basic blind auction name registration system in with Substrate ink! dsl.

# How it works

- User submits in plain text the name they want to register and an auction process starts immediately

- User submits a hash of the name with salt they want to register and a value via `new_bid` function. This prevents anyone from knowing which name the user is bidding 

- After the auction period has ended any user can reveal their bid for the `reveal_period_duration` period of time configured

- After the reveal period has ended, the auction winner can call `finalize_auction` to claim their name

- If the user wants to renew for the configured `expiration_duration` he can call `renew` and it get's renewed

# TODO

- Complete tests

- Add possibility to move from `finalize_auction` to `start_auction` if no one bids for a submitted name

# License

MIT