Sentences with phrase «use sidechain»

«I think that a larger number of functional «altcoins» including Ethereum can be implemented in Bitcoins main chain using sidechain technology.

Instead of using sidechains, ARK has SmartBridge, which enables other blockchains to send special messages to and through ARK..

Using a sidechain frees up bandwidth on the main ETC chain.

With Rootstock, the protocol uses sidechain abilities to integrate 2.0 applications to its user base with Bitcoin as its fuel.

Not exact matches

Blockstream and the sidechain projects that follow will turn the blockchain into a universal platform that can be used for anything requiring signatures or authentication.

Our model building program qFit uses mixed integer quadratic programming (MIQP) to evaluate an extremely large number of combinations of sidechain conformers and backbone fragments to locally explain the electron density.

A specialized bitcoin sidechain could be used as a cheap and fast way to authenticate online dating profiles.

Sidechains are new blockchains which are backed by Bitcoins, via Bitcoin contracts, just as dollars and pounds used to be backed by cold hard gold.

This means you can create your own sidechain projects using the Stratis» algorithm without being worried about its safety;

Sidechains are interoperable with each other and with bitcoin and can be used to develop applications based on the ledger technology.

I was really just musing out loud about whether one could use the SPV - proof / contest period idea at the heart of sidechains to build a bridge between Bitcoin and Ripple.

«Sidechains allow for new innovations in security models and features, plus the added benefit of faster and more cost efficient transactions - if more businesses were utilizing sidechains for use cases involving recurring transactions, they would take some pressure off the main Bitcoin blockchaSidechains allow for new innovations in security models and features, plus the added benefit of faster and more cost efficient transactions - if more businesses were utilizing sidechains for use cases involving recurring transactions, they would take some pressure off the main Bitcoin blockchasidechains for use cases involving recurring transactions, they would take some pressure off the main Bitcoin blockchain.»

A sidechain is an alternative blockchain to Bitcoin that uses the same Bitcoin currency through a pegging mechanism.

«So what we're left with, the sensible strategy, is to make sure that non-custodial and highly innovative uses of the technology, like multi-sig, sidechains, the lightning network, are exempted.»

Proposed by Bitcoin Core's developers, SegWit's main goal is to send transactions off - chain and onto second layers like the Lightning Network or sidechains, but it has already drawn a lot of criticism over its use of a 1:4 ratio, which some miners pointed out as a political decision that will bind bitcoin's trajectory for years regardless of technical factors.

A new proposal considers how bitcoin sidechains might be secured using a system similar to those being discussed in experimental proof - of - stake...

«With sidechains you can move forward with a kind of beta version of bitcoin with real value in it and add some of those features so that the projects that need access to those features can start to use them, add validation to it.

A sidechain using confidential transactions would also potentially be more private than the main bitcoin blockchain, as it stands today.

On the positive side for Rootstock, their use of a sidechain (if successful) could lead to considerably higher transaction throughput than Bitcoin mainnet.

Now, with sidechains the last quadrant has also been filled: using an independent network but using Bitcoin as the underlying currency.

Or will bitcoin be used by most people exclusively, with a variety sidechains each implementing features that were previously only found in altcoins?

However, if sidechains successfully work out, there's no reason Counterparty can't adopt them as well, using the same embedded consensus approach as on mainnet, with much faster block times.

First coined by computer scientists working on building proofs that can potentially be used to improve sidechains, a layer - two cryptocurrency technology for pushing transactions off - chain, a velvet fork allows developers to add new rules to a blockchain without full support from the entire ecosystem.

It is a platform for distributed smart contracts, much like Ethereum, but the fact that it's a bitcoin sidechain means that it will use the bitcoin currency by default.

Sidechains could be used in cases when the protocol of the underlying permissionless blockchain is too restricting (e.g., in terms of transaction throughput or the required maximum settlement period).

Sidechain technology could be used to integrate permissionless and permissioned blockchains into a single interconnected environment.

It's also been testing privacy features on Elements sidechains, including using «confidential transactions» - a technique first proposed by Back - to shield transaction amounts from non-participants in the system.

A sidechain is a technology that allows you to move your tokens from one blockchain to another, use them on that other blockchain and then move them back at a later point in time, without the need for a third party.

All we can conclude from this is that Bitcoin White plans to use «sidechain architecture» somehow — a technology not even real teams like Bitcoin Core devs or the Ethereum foundation have figured out yet.

With the use of sidechains, the main Stratis network can essentially avoid any congestions with activity that a business generates.

Businesses can use the Stratis sidechains to develop and launch their own blockchain - based applications.

At the same time, the equal number of LSK tokens will be replicated on the sidechain and can be used by yourself as normally, which means that in the case of a badly written sidechain or blockchain application, all LSK tokens are safe and can be retrieved easily by the sidechain owner.

The Blockstream developed the sidechain prototype Alpha and used several major Bitcoin exchanges to test the sidechain Liquid.

For example, to increase the privacy of transactions and to implement Smart Contract applications, Rootstock and Blockstream want to use closed and federated sidechains to overcome limitations of public blockchains.

Additionally, miners may eventually have more avenues for earning transaction fees through the use of sidechains.

In this way, the proof - of - mainstake proposal aims to solve the issue of miner incentives by allowing traders to bet on a sidechain with real bitcoin, an incentive scheme similar to what's being used in ethereum's still - in - development proof - of - stake protocol, Casper.

Because of this, developers have long sought to make it easier to use more experimental technologies on bitcoin with so - called «sidechains,» which pin newer blockchains with innovative technical features to bitcoin.

Consequently, Giveth intends to use a public Proof of Authority sidechain pegged to Ethereum's mainchain.

Like ethereum's implementation, RSK's sidechain will use a Turing - complete language and issue blocks roughly every 10 seconds.

Lisk provides opportunities for building decentralised applications on sidechains using JavaScript.