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
Continuing our journey through the incredibly thorough and knowledgeable work by iterative.capital that focuses and clarifies the highly misunderstood narrative around the Cryptocurrency Phenomenon....
"Submarine Swaps employ hash time-locked contracts (HTLCs), which in layperson’s terms, enable two transactions (both sides of the swap) to happen simultaneously by linking...
When we think about the unmatched scarcity of Bitcoin as a monetary good (particularly after looking at @100trillionUSD's stock-to-flow model), it inevitably leads to...
