Drivechains Allow Sidechain Node Operators To Pay Miners To Mine — And More!
Drivechains, like softchains, are another sidechain implementation with two-way peg functionality.This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host. This time I'm going to be breaking down and discussing how drivechains work; they were initially proposed in 2015. Out of all the proposals discussed so far, drivechains are the oldest and the most fleshed out in terms of specific implementation details and design, documented in BIPs 300 and 301. Paul Sztorc, the creator of the concept, had a few chief design goals in....
Related News
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.....
An undisclosed vulnerability in LND versions 0.10.x and below was revealed Thursday. Developers are urging node operators to update to the newest version.
Encryption startup NuCypher has finished distributing its network’s native token, NU, to over 2,000 prospective node operators.
Spacechains is a proposed Bitcoin sidechain that offers a one-way peg mechanism utilizing blind merge mine design.
The Bellatrix hard-fork is the final update on the Beacon chain that will prepare it for the Merge, and if node operators are not updated to the latest client, they risk syncing to the pre-fork chain. Ethereum co-founder Vitalik Buterin is reminding node operators to upgrade their clients before the Bellatrix “hard fork,” slated for Sept. 6. Buterin said that the scheduled upgrade will be the final update that prepares the Beacon chain (proof-of-stake chain) for the Merge.The merge is still expected to happen around Sep 13-15. What's happening today is the Bellatrix hard fork, which....