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npub1s8fc...7p4z 2 years ago
Drivechain aim to minimize the need for trust by relying on Bitcoin miners to validate and merge mined sidechain blocks. This way, they leverage the immense hashpower of the main Bitcoin network. The idea is to "drive" the sidechain security through Bitcoin's PoW consensus. And sidechain can leverage smart contract technology to achieve two-way pegging, enabling high throughput while ensuring user asset control. So it’s time for 'Plasma' & 'NOCUST'…
Komi_Hartman's avatar Komi_Hartman
We could think of a possible eradication of shitcoins. It’s very likely with the drivechain.. https://fiatjaf.com/95b92312.html View quoted note →
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Tetsu Tamasi's avatar
Tetsu Tamasi tetsu@nostrplebs.com 2 years ago
Thanks! So following your logic that could happen eventually. By implementing #drivechains to Bitcoin, we could introduce a ticking bomb and would “disarming” be even possible then?
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npub1s8fc...7p4z 2 years ago
If this can potentially lead to unforeseen consequences, the likelihood of possible centralization should be eradicated. The entire scalability of the Blockchain is a crucial phenomenon that requires internal & external meticulousness…
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npub1s8fc...7p4z 2 years ago
Thanks for enlightening me more on that! However, I thought this could be an effective component to drivechains. There’s really a difficulty in untangling & articulating two types of scalable representations, some merged, others attached to the custody of the funds of sidechain, in particular complementary & based on a soft guarantee.
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