Drivechain Could Ossify Bitcoin's Blockchain For Good
Drivechain could provide an avenue for continuing development on Bitcoin while not compromising the security created by ossification.This is an opinion editorial by Nikita Chashchinskii, a software developer working on BIP300 sidechains.Today, Bitcoin faces a challenge. There are two contradicting requirements necessary for success, and if we want to win, we have to find a way to satisfy both. First there is the requirement for security — it is paramount when billions of dollars are at stake. In the world of security professional paranoia and conservatism are a necessity. Any single....
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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, a proposed soft fork via BIPs 300 and 301, could introduce a portfolio of sidechains to Bitcoin and replicate any altcoin use case.
Over the past year or two, the main topic of conversation in the Bitcoin community has been how the system is going to eventually scale to millions or billions of users. Two concepts often brought up during these sorts of discussions are the Lightning Network and sidechains. Blockstream is in a unique position when it comes to these Bitcoin improvements, as it has the funds and incentives to work on both of these concepts simultaneously. In a recent interview with Bitcoin Magazine, Blockstream CTO Greg Maxwell shared his views on sidechains as a scalability solution and why the Lightning....
Two announcements from the DC Blockchain Summit came from Bloq, a pioneer in the development of enterprise-grade blockchain solutions. First, the company announced the creation of BloqLabs to boost its ongoing sponsorship while bringing support to viable open-source projects in the Bitcoin and blockchain space. Second, Bloq revealed that it will be joining the Enterprise Ethereum Alliance (EEA), an alliance that connects Fortune 500 enterprises, startups, academics and technology vendors with Ethereum thought leaders and experts. Bloq Co-Founder and CEO Jeff Garzik has been appointed to....
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 […]