Some things are better in pairs, and two-way pegs are no different!
This mechanism enables users to move #Bitcoin from the main bitcoin blockchain to a bitcoin sidechain or vice versa.
It’s arguably the most crucial aspect of #Drivechain’s design. 💡
Next up: "#BitVM is shitcoins on Bitcoin"
For BitVM it may be possible to simulate some kind of BIP300 Sidechain.
nostr:npub1yxp7j36cfqws7yj0hkfu2mx25308u4zua6ud22zglxp98ayhh96s8c399s may be able to give more details.
#Drivechain's revolutionary approach doesn't just empower #Bitcoin, it offers tremendous value to other sidechains too!
Whether it's enhancing #sidechain functionality, security, or connectivity, Drivechain is a win-win for the entire blockchain ecosystem. 🏆
We at @LayerTwoLabs are hiring 2nd #frontend person. #hiring
Godot +++
eGUI / qt ++
golang/fyne +
Willing to start immediately +++
DM me Paul Sztorc (@Truthcoin) on x.com (act now, before the job is posted elsewhere!)
#BitVM and #Drivechain
New article released by Rootstock sidechain designer and early bitcoin developer Sergio Lerner on Blind Merged Mining (#BIP301).
#bitcoin #mining #drivechain
https://medium.com/iovlabs-innovation-stories/merged-mining-and-decentralization-7c2590f928ed
#Bitcoin has not reached its full potential… yet!
By introducing sidechains, we're expanding Bitcoin's capabilities beyond being a store of value. Think smart contracts, faster transactions, and endless possibilities.
Sidechains created using #Drivechain can interact with the main Bitcoin #blockchain.
This means that assets, tokens, or data can move seamlessly between the mainchain and various sidechains, allowing for a more interconnected and versatile ecosystem.
While Bitcoin's primary use case is often seen as digital #gold or a store of value, these sidechains can be designed to offer additional functionalities similar to other blockchain platforms like #Ethereum.
More here 👇
Thanks for the suggestion nostr:npub1504jj42t6flu5l6n7e389e9mt8gxduhnzuyv7dq4gr95w20mmpqscx0cg0 ! 👍🏻
This might be the ultimate #Bitcoin panel of 2023 👀
#Drivechain Twitter Space with Paul Sztorc Today at 1 pm EST
See you in less than 3 hours!
Come join us! 💪🏻
Which part above is not true?
DC is a soft fork not a hard fork.
Yes, everyone can run our test software at Drivechain.info.
#Drivechain is the technique for the creation of decentralized 2-way peg sidechains for #Bitcoin. These sidechains can be used to improve Bitcoin in every front, including privacy, scalability, decentralization and security.
Drivechain is a combination 2 BIPs;
1) #BIP300
2) #BIP301
Checkout drivehchain.xyz