Why will it be in vain? What do drivechains offer that we absolutely need? Genuinely curious… I haven’t looked into them much.
Discussion
Neither have I, it’s actually a copypasta, bc Gigi stole the image from Sherry 😆
Never heard of Drivechains before, a lot to learn and look up 💜
I had seen a proposal for a drive chain a while back that used zcash. You could swap bitcoin from main chain and swap back to improve privacy. But I’m sure there are other uses.
#asknostr what are drivechains used for?
From what I remember:
You can do pretty much what you want in a drivechain, similar to what you see in the ETH L2 world at the moment. From optimism, zk rollups, zkevm, etc.
It allows to keep a state in another chain anquored to L1.
Security is via time delayed changes in L1.
The changes to L1 btc would be minimal and do not change what already exists.
Good description !
Think of it as insurance for future disruptive tech that might come along. It allows a path tnintegrate the best future ideas we haven't seen or can't anticipate, while keeping the slow, conservative and predictable Bitcoin infrastructure we all love today.
Instead of some centralized shitcoin like ETH sucking up all the brains and energy in market driven innovation , DC allows that energy to be spent on a real decentralized and permissionless crypto, bitcoin. Zcash has been implemented and a few other ideas. So next years, or the decades after its, best new idea, can be launched, supported by the bitcoin infrastructure, tested by the free market , all without endagering BTC core with soft or hardforks that have unintended consequences.