Sidechains are secondary blockchains which are connected to the main blockchain, also known as the main chain. Commonly, sidechains are connected to the main chain through two-way pegs, a mechanism which allows the bidirectional transfer of native digital currencies between the chains.
In a way, sidechains allow users to “move” Bitcoin through blockchains, where they’re subject to different protocol rules, which allows greater transaction capacity, more confidentiality, enhanced privacy protection in Blockchain.
Sidechains can have a different protocol or consensus algorithm from the main chain, which can provide benefits when it comes to flexibility & functionalities.
https://youtu.be/DhU6nsB5Z-0 nostr:note1uw5k4r8mgnj0g7pvywjamelhlxtrg46jp2yengda0x3qn9sa6wgqqgcmx9
The automatic transfer of funds through a #sidechain contract should not be interpreted as a deliberate act of currency creation or as a regulatory concern. Instead, it aligns with the inherent nature of decentralized and automated blockchain processes.
A #sidechain proposal that enables two-way pegs with no changes to #Bitcoin Core.
https://ursuscamp.github.io/bitcoin/2023/08/10/sidechains.html nostr:note10a0aujtpzkg83uqrkr5rqlp2ql9rw6tttdxrrv3w5jath8gk4kxshwtklz
Drivechain aim to minimize the need for trust by relying on Bitcoin miners to validate and merge mined sidechain blocks. This way, they leverage the immense hashpower of the main Bitcoin network. The idea is to "drive" the sidechain security through Bitcoin's PoW consensus.
And sidechain can leverage smart contract technology to achieve two-way pegging, enabling high throughput while ensuring user asset control.
So it’s time for 'Plasma' & 'NOCUST'… nostr:note13x5cpkxltxtfarkq6z4f835crx72ahkg4c0sf833v8zqdm0c9ahq7zuv8t
Sidechains are secondary blockchains which are connected to the main blockchain, also known as the main chain. Commonly, sidechains are connected to the main chain through two-way pegs, a mechanism which allows the bidirectional transfer of native digital currencies between the chains.
In a way, sidechains allow users to “move” Bitcoin through blockchains, where they’re subject to different protocol rules, which allows greater transaction capacity, more confidentiality, enhanced privacy protection in Blockchain.
Sidechains can have a different protocol or consensus algorithm from the main chain, which can provide benefits when it comes to flexibility & functionalities.
https://youtu.be/DhU6nsB5Z-0 nostr:note1uw5k4r8mgnj0g7pvywjamelhlxtrg46jp2yengda0x3qn9sa6wgqqgcmx9
Open source training courses about distributed database & distributed systems..
'Drivechains, Sidechains & Hybrid 2 way peg Designs' by Sergio Demian Lerner.
https://docs.rsk.co/Drivechains_Sidechains_and_Hybrid_2-way_peg_Designs_R9.pdf nostr:note13x5cpkxltxtfarkq6z4f835crx72ahkg4c0sf833v8zqdm0c9ahq7zuv8t
Anton Mirhorodchenko, a software developer with cerebral palsy. He has difficulty typing & cannot use voice-to-text software. GitHub Copilot & other AI tools, allow him to build software efficiently & communicate effectively with fellow developers by generating detailed comments, documentation, and project descriptions.
‘Serverless Payjoin BIP' by nostr:npub1yevrvtp3xl42sq06usztudhleq8pdfsugw5frgaqg6lvfdewfx9q6zqrkl
We could think of a possible eradication of shitcoins. It’s very likely with the drivechain..
https://fiatjaf.com/95b92312.html nostr:note137825w2s3rjl65f7a27j86zhefpzcpac4djnnlarqhxchjsr32usqdjh9s
https://i.blackhat.com/BH-US-23/Presentations/US-23-dosSantos-Route-to-Bugs-Analyzing-the-Security-of-BGP.pdf nostr:note12y738ss744htfyjpnspxy963u27p3udu6n43cxvcd5nz0y3w689sxaaye4
Couldn’t find open BGP fuzzer, so developed our own…
#Nostr: The one to start with, the one to stay with…
Simplified Sidechain with Proof-of-Work Pegging. nostr:note1d73ws8ev6w248p2a2zww28wjcsm0vs0a97ktdppswylw079xtrmqv353fl
What about a complex system involving a sidechain for Bitcoin that uses Zero-Knowledge Proofs (specifically Succinct Non-Interactive Arguments, SNARGs) to manage the pegging & unpegging of Bitcoin to/from the sidechain?? (A system that can enhanced privacy, efficiency through low communication proofs & a mechanism for secure two-way value transfer between the main & the sidechain).
Private Key Wrapped in ZK BBox',
'Pegging & Minting S-BTC', Why? Users send BTC to an address on the main chain & submit a proof to the sidechain. Once validated, S-BTC is minted on the sidechain, effectively representing the pegged BTC. This allows for value transfer between the main chain & the sidechain.
Proof of Burn & Key Reveal, Aggregate Withdrawals & Ordinary Users, Low Communication SNARGs.
Challenges with Drivechains in terms of fees to market cap ratio: the potential limitations of sidechains (like drivechains) when the fees required to operate on the sidechain are high compared to the market capitalization of the sidechain. Important to ensure the viability & sustainability of the sidechain..
Drivechain's merge mining doesn't necessarily cause centralization, but it could influence it! nostr:note1ydqm0vrn3z0mgkeyqcm6uv2w3vzl5cydz8g3ca9nmzw5hv6s4lkqucczgp
Just a flag with the letter '₿'.. But rejected by same centralized platforms…
We can clearly see the meaning & soon the adoption. Even if we wonder what’s the interest in defecated in a straight line in fact. If we can conceive that some people have difficulty urinating without putting it everywhere, who manages to miss his target by doing his needs? And who wants to wiggle while doing his needs? Decidedly all this is a great mystery... (Decentralization vs Centralization + censorship)
'New Era' by Deekay https://nostr.build/av/6f31ab67c94c0849a63aa3fda8a856404420e4c67fb44a6851697852323ee630.mov
A Theistic Perspective on Money and #Bitcoin.
https://medium.com/@freedommoney/a-theistic-perspective-on-money-and-bitcoin-f68d55f2eea9
https://stacker.news/items/127974 nostr:note18xhp0sjkhmzunnktq9xdpe6exfxqdvl9d43alvm406z65grzufdshqwgj2
https://youtu.be/bosLT6WCUJY nostr:note1ejl94nkelsm52w9df8gs9q7s9vvgj3larpsumrukqd2676thrxqq2ug0vd