Atomic Assignment
Atomic Assignment refers to a rule: when title to shares is assigned, all the shares are assigned at one time. This is not actually restrictive at all, because any assignment contract may have as many assigners and receivers as desired.*up to a reasonable limit, perhaps about 1000, to prevent transaction spam from overtaxing the underwriters.
So, if (usually when) an assigner's source of shares has more shares than are needed for the transaction, the assigner provides a new public key to receive the excess shares in.
Among other things, this makes it simpler to verify no double spends: When each new ID (public key) is entered into the blockchain, it has a unique sequence number which may thereafter be used to refer to the public key value. Whether the shares associated any particular key are still available to be assigned is a simple binary state of the key's position in that list of all recorded public keys.
Assign Onward
4 May 2018
MIT License
Copyright (c) 2018 Assign Onward
Permission is hereby granted, free of charge, to any person obtaining a copy
of this software and associated documentation files (the "Software"), to deal
in the Software without restriction, including without limitation the rights
to use, copy, modify, merge, publish, distribute, sublicense, and/or sell
copies of the Software, and to permit persons to whom the Software is
furnished to do so, subject to the following conditions:
The above copyright notice and this permission notice shall be included in all
copies or substantial portions of the Software.
THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE
AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER
LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM,
OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE
SOFTWARE.