With Drivechain, Bitcoin Will Make Altcoins Obsolete
Drivechain, a proposed soft fork via BIPs 300 and 301, could introduce a portfolio of sidechains to Bitcoin and replicate any altcoin use case.This is an opinion editorial by Nikita Chashchinskii, a software developer working on BIP300 sidechains.Drivechain as defined in BIP300 and BIP301 offers a new vision for Bitcoin, in which the following problems are solved:It offers an alternative to our existing contentious and political process for changing Bitcoin. “Layer 1” rules never have to change, and new features are instead introduced by adding opt-in sidechains.It removes all reasonable....
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In this episode of "The Van Wirdum Sjorsnado," the hosts are joined by Ruben Somsen to discuss the sidechain project Drivechain. The post Exploring Drivechain, A Miner-Secured Bitcoin Sidechain appeared first on Bitcoin Magazine.
Drivechain could provide an avenue for continuing development on Bitcoin while not compromising the security created by ossification.
In the Bitcoin space, a new battle is brewing over a proposal which is igniting passionate debates. Bitcoin Improvement Proposal 300 (BIP300) and its accompanying BIP301 introduce a paradigm-shifting concept known as “Drivechain.” This proposal, which carries the potential to redefine the future of BTC and its relationship with altcoins, has sparked fervent discussions among experts […]
If you know about bitcoin, then you should be know about altcoins as well. Altcoin is a broad term "coined" to classify cryptocurrencies other than bitcoin. Many bitcoin enthusiasts find altcoins to be a cheap copy of bitcoin. According to them, altcoins do not make the cut and they are a waste of time and resources. As bitcoin technology is open source, its source code is out there and anyone and everyone can use it to develop their own version of cryptocurrency. It is a crowded market we agree, and some of these altcoins don't make any sense. However, we ought to remember that altcoins....
Numerous ASIC Scrypt Miners have already been purchased and their shipping dates are fast appropriating, but are these powerful mining machines worth their cost? By now there's a good chance you've already looked at purchasing yourself one or two asic scrypt miners to replace your CPU or GPU mining rig. If you haven't you can learn more about them here. They're less expensive, don't take up near as much space and won't send your power bill through the roof, but is it profitable? With the expected increase in difficulty for many of the altcoins out there, can you realistically expect any....