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

January 30, 2022 00:54:57
Episode Cover

Guy's Take #51 - AOPP & the Travel Rule

With Twitter up in arms about a potentially invasive privacy measure and compliance for an invasive regulatory requirement, it's time to break down exactly...

Listen

Episode

September 02, 2022 00:51:29
Episode Cover

Read_648 - Bitcoin is the Hills [Captain Sidd]

"A study of the hill tribes of Southeast Asia titled “The Art Of Not Being Governed” provided a fresh take. The author, James C....

Listen

Episode

October 23, 2020 01:05:00
Episode Cover

Read_452 - How Will Bitcoin Lead to More Freedom [Jim Epstein]

"It had a big impact on May, who melded the "Other Plane" with "Galt's Gulch" from Ayn Rand's Atlas Shrugged, which was a safe...

Listen