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
"To put it simply, there are now corporations with billions of dollars of investment in not just the asset, but the ecosystem. Mining is...
Lightning is a fascinating protocol with enormous potential, but also many challenges. A nee mechanism for updating channel states may work to solve some...
"Fedimint is a scalable self-custodial off-chain programmability layer on top of Bitcoin. It allows for use cases that are difficult, time-consuming, and unscalable for...
