Sentences with phrase «original sidechains»
The paper builds on work by Blockstream on the original sidechains concept and a more - recent proposal, drivechains, from Sztorc.
https://bitcoinmagazine.com/
With today's publication of Strong Federations: An Interoperable Blockchain Solution to Centralized Third Party Risks, we share the improvements we have made to the federated peg that was briefly discussed in the original sidechains paper.
Not exact matches
«Conceptually, we would like to transfer an asset from the (original) parent chain to a sidechain, possibly onward to another sidechain, and eventually back to the parent chain, preserving the original asset.
Other speakers at the workshop include Matt Corallo, a longtime Bitcoin developer who is pioneering work on sidechains; Gavin Andresen, an original Bitcoin Core developer and chief scientist at the Bitcoin Foundation; and Charlie Lee, creator of Litecoin and currently Director of Engineering at Coinbase.
On this sidechain, users could transact freely and privately for as long as they want, until the new owner decides to «move» the funds back to the Bitcoin blockchain by unlocking the original output.