Sentences with phrase «sidechain designed»
The Liquid network is a federated sidechain designed to provide new features and benefits to exchanges, users, and businesses by leveraging a sidechain which will process transactions more quickly and efficiently than the main Bitcoin blockchain.
https://bitcoinmagazine.com/ Not exact matches
Artists visited the Sony CSG Audio department in London and experienced how Couthier had grouped stems based on sonic characteristics so he could design sidechaining rules which only target musical elements potentially in conflict with specific sound and dialogue content.
The main goal of SegWit is to send transactions off - chain and onto second layers like the Lightning Network or sidechains, which viaBTC said «are not equal to bitcoin's peer - to - peer on - chain transactions,» noting that «LN will also lead to big payment «centers,» and this is against bitcoin's initial design as a peer - to - peer payment system.»
In March 2016, Bitmain led a funding round for Rootstock, smart contract developer designed as a sidechain operating on bitcoin's blockchain, whose aim is to expand the latter's functionality with smart contacts.
At its core, the idea proposes securing sidechains, designed to boost the functionality of bitcoin, by entering miners into a kind of lottery system.
When those alternative protocol designs are implemented as sidechains, it makes the changes optional because users can still decide to remain on the main Bitcoin blockchain.