Liquid is not a real sidechain because it’s federated. Even Adam Back and Sergio Lerner (inventor of the Rootstock/RSK sidechain) will admit this.
Real sidechains work peer-2-peer.
No gatekeeper. No middle men. Are merged mined with the parent chain. Fees go to those who provide the proof of work for executing the sidechain transactions not unknown federation members who can collude to steal your funds.
It seems clear to me that both drivechains and liquid use a federation. The mechanics are different but in both cases there is a group that has the power to validate transactions and who can collude and steal funds. There is no free lunch.
When you set up your sidechain you can ask the big mining companies to be in your private federation. If you trust them as drivechain validators, you should trust them as your sidechain validators. No need to hack bitcoin and change the incentives of the core protocol.
Miners can steal from lightning a channel as well. But nobody cares about that.
Only because d”rivechains are shitcoins 👿 ”
Are bch and bsv mergers mined? If not why?
I don’t think so.
Namecoin was the first merged mined altcoin.
Then Rootstock followed.
I am pretty sure litecoin also allows for merge mining with dogecoin.
I will look into Sergio Lerners old blogpost. He’s dives deep into history of merge mining blockchains.
Ugh merged mining happened so long ago now lol feels like forever.
