Hosted By
"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!
-------------------------
"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
“At the core of economists’ fallacy is the belief that money is money by decree (because the state and its expert economists say so),...
"They used to own everything, and in a way they still do; the media, the banks, the NGOs, the international organizations, and almost all...
"What the Internet has done for information, Bitcoin and the Lightning Network will do for money. " - Elizabeth Stark Finishing the amazing report...
