Sentences with phrase «sidechain concept»
Although the sidechains concept has received large amounts of interest and praise from the Bitcoin community (both technical and otherwise), doubts still exist.
https://bitcoinmagazine.com/
The paper builds on work by Blockstream on the original sidechains concept and a more - recent proposal, drivechains, from Sztorc.
Not exact matches
Sidechains, a concept created and mainly developed by Blockstream, is an attempt to bring increased functionality to the Bitcoin network and add greater utility to the Bitcoin token.
Two concepts often brought up during these sorts of discussions are the Lightning Network and sidechains.
The bitcoin core developer discusses his early disbelief in bitcoin's basic concept, how he helped develop sidechains and the issues facing bitcoin.
The developers behind the Lightning Network currently are working on a sidechain implementation of the concept because the network requires some changes to Bitcoin Core.
Some developers, such as Peter Todd, have shared technical concerns with merge - mined sidechains in the past, but this concept is likely going to be tried out in the wild, whether the contributors to Bitcoin Core like it or not.
is the concept of a sidechain for the flood of everyday transactions, so that the main blockchain becomes just a settlement layer, while the flurry of transactions are handled off - chain.