Op Ed: Drivechains Could Kill Off the Altcoin Market

Op Ed: Drivechains Could Kill Off the Altcoin Market

Sidechains have been viewed as Bitcoin’s way of dealing the altcoin market since 2014, when a proposal for a two-way peg between two different blockchains was first proposed in a public setting. Three years later, it appears that drivechains, which are a specific way of implementing sidechains, will be the way in which extensions for Bitcoin are rolled out. Sidechains remove the need for altcoins by allowing bitcoins to be effectively transferred from one blockchain to another. This means the bitcoin token can be used on any type of blockchain that bitcoin holders demand into existence.....


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Create Your Own Altcoin

Creating altcoins is pretty tricky for the average person. It requires a basic knowledge of C++ programming, understanding compiling errors, etc. Or at least, that's how it used to be. Coingen is a new website that lets you easily create your own altcoin. From the description on the site, "Think you can market an altcoin better than Dogecoin, Catcoin, or even Litecoin? Want to create your own coin and get in on this gravy train? Follow this simple form to get started with your very own altcoin!" Coingen. Creating an altcoin with the default configuration costs 0.01 BTC. You can spend an....

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Quotes

I think the fact that within the bitcoin universe an algorithm replaces the functions of [the government] ... is actually pretty cool. I am a big fan of Bitcoin... Regulation of money supply needs to be depoliticized.

Al Gore, former US Vice President and winner of Nobel Peace Prize