Read_755 - Drivechains
Bitcoin Audible
English - August 11, 2023 11:00 - 1 hour - 107 MB - ★★★★★ - 95 ratingsTechnology Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
"A successful blind merge mined sidechain with significant MEV opportunities could offer Bitcoin significant benefits, which could more than offset the disadvantages." - "Blind merge mining works by a third party running the sidechain, building sidechain blocks and receiving the sidechain fees. This entity then creates a Bitcoin transaction, which passes on these fees to the Bitcoin miners in the form of Bitcoin transaction fees."
A trustless, high assurance means of moving Bitcoin into, and out of a side-chain, is essentially the holy grail of Bitcoin scaling. It would change the game and potentially be the last piece of the puzzle for a global, interoperable Bitcoin ecosystem where the entire world could truly and completely "hold their own keys." Are Drivechains the best solution, or is it lacking? The always thorough, Bitmex Research covers a great piece on the ins and outs of Paul Sztorc's Drivechain proposal which he has unrelentingly supported for nearly a decade now. Find out in today's show!
Check out the original article from Bitmex research: Drivechains
A huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
9% off the Coldcard with code BITCOINAUDIBLE, bitcoinaudible.com/coldcard
Check out the KYC Free, simple, no management, Bitcoin merchant solution, Nodeless.io/guy
Get 50,000 free sats, plus sats back on everything you buy by signing up with Fold and the Spin+ Debit Card. bitcoinaudible.com/fold
-------------------------
"Visions are worth fighting for. Why spend your life making someone else's dreams?" — Tim Burton
---
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message