Sentences with phrase «types of sidechains»
In a lengthy post, the founder of Ethereum highlights the difference between three types of sidechains that are being developed with the old public ledger as their base: the private blockchain, the consortium blockchain and the public blockchain.
http://www.coinfox.info/ Not exact matches
The process has noticeable parallels to several other cryptocurrency projects out there — sidechains have been touted as a way to tie different features to bitcoin's main network, and researchers speculate that a new type of fork, called a velvet fork, might one day enable similar functionality.
This will allow for a highly efficient and sustainable ecosystem that is organized based on businesses purchasing sidechains to act as an infrastructure for them to build any type of blockchain applications in C# /.
As an oversimplification of the current debate: Some would like to see an increase in block size which would enable more on - chain transactions per second; others would like to see the block size limit remain low in an effort to limit the cost of operating a full node while moving some types of payments above the base Bitcoin protocol to secondary layers such as the Lightning Network and sidechains.