Tag: sidechains

Aug 31 2022

We’re In A Bull Market For Off-Chain Bitcoin

The bitcoin price may be down from its all-time highs, but off-chain uses for bitcoin assets are in their own bull market.This is an opinion editorial by Zack Voell, a bitcoin mining and markets researcher. One of the more interesting and controversial developments in the Bitcoin ecosystem is off- chain use cases. Many of these applications are not technologically identical, but they all...

Aug 20 2022

An Overview Of The Tradeoffs For Different Sidechain Implementations

Each Bitcoin sidechain implementation brings about different centralization and consensus issues to weigh and consider.This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host. This article is the last in a series diving into the major sidechain designs that exist for Bitcoin. It is highly recommended to read the preceding...

Aug 19 2022

With Drivechain, Bitcoin Will Make Altcoins Obsolete

Drivechain, a proposed soft fork via BIPs 300 and 301, could introduce a portfolio of sidechains to Bitcoin and replicate any altcoin use case.This is an opinion editorial by Nikita Chashchinskii, a software developer working on BIP300 sidechains.Drivechain as defined in BIP300 and BIP301 offers a new vision for Bitcoin, in which the following problems are...

Jul 26 2022

Federated Sidechains Are Bitcoin’s Original Upgradeable Sidechain Implementation

Federated sidechains utilize key management to provide security and allow functionality beyond the Bitcoin mainchain.This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host.Federated sidechains are currently the only deployed type of Bitcoin sidechain (the most recent...

Jul 23 2022

Drivechains Allow Sidechain Node Operators To Pay Miners To Mine — And More!

Drivechains, like softchains, are another sidechain implementation with two- way peg functionality.This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host. This time I'm going to be breaking down and discussing how drivechains work; they were initially proposed in 2015. Out of all the proposals discussed so far, drivechains are the...

Jul 22 2022

Softchains Bring Two-Way Pegs And Potential Room For Use Cases — But Not Without Security Costs

Softchains are a sidechain implementation that interact on a deeper level with consensus mechanisms, which can bring benefits and risks.This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech- oriented Bitcoin podcast host.In this next piece looking at different sidechain implementation designs, we're going to go through...

Jul 12 2022

How We Should Really Think About Bitcoin Maximalism

There has been a lot of digital ink spilled about the concept of Bitcoin Maximalism, but there are things the critics don’t understand.This is an opinion editorial by Stephan Livera, host of the “Stephan Livera Podcast” and managing director of Swan Bitcoin International.It’s time to clear a few things up. While there has been a lot of digital ink spilled over...

Jun 30 2022

Exploring The Bitcoin Use Cases Of Spacechains

While spacechains have limited functionality for Bitcoin users, they do provide some interesting use cases worth exploring.In the last article, I broke down what a spacechain is and how they work, but didn't go into any of the things you can do with them. Ultimately, the lack of a two-way peg mechanism severely limits the...

Jun 29 2022

Spacechains: How This New Bitcoin Sidechain Proposal Works

Spacechains is a proposed Bitcoin sidechain that offers a one-way peg mechanism utilizing blind merge mine design.The idea of sidechains as a scaling and feature extension mechanism for Bitcoin is a very old concept. A kind of basic "ancestor" idea of sidechains, merge mined chains, even goes back to before Satoshi disappeared....

Mar 08 2022

Polygon includes $23 billion sports betting company DraftKings as network validator

Valued at $23 billion, DraftKings, a digital sports entertainment and gaming company, today joins the Polygon ecosystem as a validator and node operator, marking this the first time a major publicly-traded firm has taken an active role in blockchain governance....

Feb 26 2021

Bitcoin Has No Real Use For DeFi In Its Current Form

Feb 26 2021 Published at Bitcoin Magazine under tags  defi markets rsk sidechains

The decentralized finance (DeFi) ecosystem continues to attract billions of dollars from cryptocurrency enthusiasts. Though the term “decentralized finance” could certainly apply directly to Bitcoin in and of itself, the growth of the DeFi industry lately refers to an umbrella of projects, mostly based on Ethereum smart contracts, that support cryptocurrency-based lending, prediction markets or other financial services. While the emphasis on Ethereum...

Bitcoin Has No Real Use For DeFi In Its Current Form

Feb 26 2021 Published at Bitcoin Magazine under tags  defi markets rsk sidechains

A wave of decentralized finance (DeFi) products, mostly built on Ethereum, has some wondering if Bitcoin could benefit from the ecosystem.In worldwide surveys on Facebook’s Libra, respondents have...

Feb 18 2021

Feb 12 2021

Jan 11 2021

Blockstream Adds Six Members To Liquid Federation

Today, Blockstream has announced the addition of six members to Liquid, its federated Bitcoin sidechain. These members include Bitcoin wallet app Coinos, institutional digital asset custody provider Komainu, privacy infrastructure developer Nym Technologies, Liquid swap infrastructure provider SideSwap, Bitcoin-native financial...

Jan 05 2021

Dec 15 2020

DeFi on Bitcoin Gets a Boost as Sovryn Launches on RSK Sidechain

Dec 15 2020 Published at CoinDesk under tags  bitcoin defi rsk sidechains sovryn

Sovryn is launching a lending and derivatives market on the RSK Bitcoin sidechain in a bid to promote DeFi on Bitcoin.

Dec 11 2020

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