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Text of the page (random words):
drivechain bips 300 301 drivechain peer to peer bitcoin sidechains drivechain bips 300 301 when devs compete users win drivechain arguably could have been more important or useful than taproot adam back baltic honeybadger 2022 learn via youtube download our software dev notes peer to peer bitcoin sidechains drivechain allows bitcoin to create delete send btc to and receive btc from layer 2 s called sidechains sidechains are altcoins that lack a native coin instead pre existing coins from a different blockchain must first be sent over sidechains boils down to allowing consenting individuals to choose their own security models spend their bitcoin how they like permissionlessly create voluntarist technology once on a sidechain coins can change hands an unlimited number of times and in an unlimited number of new ways thus btc owners can opt in to new features or tradeoffs meanwhile the bitcoiners who don t opt in never need to care what any sidechain is doing transfers from sidechain back to the mainchain ie from layer 2 back to layer 1 are not done via verifiable proof but instead via conjecture and refutation a bundle of transfers is asserted and then slowly acked over time after 3 months of acking the bundle succeeds thus the sc btc market price cannot deviate significantly from a 1 1 ratio more info why sidechains drivechain lets users do what they want with their own money drivechain happens to solve a number of huge problems for bitcoin why drivechain is zero risk drivechain claims the unused op nop 5 and basically uses it to count up to 13 150 that s it if there are problems then op nop 5 can be disabled via soft fork restoring things to exactly the way they were it would just be cntrl z on drivechain better for everyone users get eventually every feature of every crypto coin investors permanent solution to the problem of rival coins and hard forking miners automatically collect txn fees from all chains at once no node software needed developers freedom to manage your own blockchain and to keep out those who would ruin your masterpiece at bitcoin 2021 zcash sidechain demo the tradeoffs it is very risky for bitcoin to go without drivechain bips drivechain is made of two bips bip 300 hashrate escrows container utxos that compress 3 6 months of transaction data into a fixed 32 bytes bip 301 blind merged mining a technique to replace the act of running a sidechain node with the act of including a single high fee transaction selected recent podcasts van wirdum sjorsnado 23 see my comments 51 minutes 0 26 00 to 1 17 40 during an oct 14 whalepool talk on bitcoin drivechain and hivemind per learning theory here is an explainer written by someone who just learned drivechain as is the sjornado 23 key benefits only obtainable via drivechain three existential threats to btc are neutralized altcoin competition hard fork campaigns and extension block campaigns btc development becomes anti fragile with respect to coredev mistakes btc maintains hashrate security in the long run btc can scale to credit card level txn processing without changing the conop of bitcoin core these cheap txns have optimal fungibility and supply vital pretext to the btc ecosystem btc gains new experimental abilities especially p2p event derivatives critiques and controversy view the main critiques of drivechain please read the faq read why drivechain is hard for bitcoiners to understand pro drivechain evidence the ever present disagreement over consensus rules blocksize controversy rise of ethereum altcoins bch bsv amaury split activation logic disputes cultural enforcement of meta consensus has attracted sociopath guardians of bitcoin who are making everyone miserable the degree of heterogeneity among people some preferring govt aligned exchanges and custodial wallets others always running a full node others preferring electrum etc if btc caters only to the paranoid then it can never be mainstream we must somehow please everyone the unwillingness of txn fees to rise above 5 and to stay above 5 permanently see here getting started go here for a guide on downloading and using this software it has screenshots to help walk you through the process hang out with us by joining the drivechain telegram group check out this this blockexplorer and this sideshift instant sidechain withdrawal service project by abrkn screenshots explainer memes even more info problems with today s mono chain setup blockchain technology has economic tradeoffs and users disagree over the optimal tradeoff but only one group can have their way at a time instead we need multiple heterogenous layers satoshi finney bitcoin investors must worry about competition from other projects ethereum z cash ripple satoshi creator of bitcoin wanted to support many transaction types but knew that his design was prohibitively inflexible bitcoin is supposed to be used as money but if it cannot be used on some networks it is constrained as a medium of exchange and therefore at a competitive disadvantage instead sidechains are alt chains that all use the same bitcoin token they start with zero coins they accept bitcoin deposits conduct bitcoin transfers and finally dispense bitcoin withdrawals main benefits permissionless innovation anyone can create a new blockchain project without facing the near impossible task of also bootstrapping a new unit of money eliminates competition bitcoin will always have the best code because it can copy any code that exists freedom to choose satoshi s consensus protocol requires everyone to agree on everything down to the very last byte sidechains allow users to choose which benefits they would like to pay for other benefits anti scam scs filter out get rich quick schemes the get rich part is now impossible therefore good projects can stand out and receive our attention faster progress scs let us test new features the tests are safe if these features fail they won t take down the main network however the tests are also informative real btc is on the line contact email truthcoin at gmail pgp key f162c410 i m usually on twitter 8 9 am and 5 6 pm links home github releases block explorer articles literature faq friends of drivechain misinformation telegram twitter reddit sidechain projects truthcoin info bitcoin hivemind 2026 truthcoin