Read_755 - Drivechains

August 11, 2023 01:18:11
Read_755 - Drivechains
Bitcoin Audible
Read_755 - Drivechains

Aug 11 2023 | 01:18:11

/

Hosted By

Guy Swann

Show Notes

"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."

Bitmex research


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

Other Episodes

Episode

May 09, 2025 00:59:47
Episode Cover

Take_099 - OP_RETURN The Signal and the Noise

In this episode, I break down one of the most contentious mempool debates in Bitcoin’s recent history — the proposed removal of OP_RETURN limits....

Listen

Episode

August 07, 2024 01:12:07
Episode Cover

Chat_108 - Private Email & Unstoppable Money with Andy from Protonmail

"My thinking is always resilience. How did I make Proton resilient? And the conclusion I came to after thinking about it for a long...

Listen

Episode

March 27, 2019 00:35:46
Episode Cover

CryptoQuikRead_224 - Bitcoin is a Social Creature, Mycelium Part 2 [Brandon Quittem]

"To the casual observer, most of bitcoin’s life is boring — months go by with relatively little action. Then when conditions are just right,...

Listen