#BIP300 Whiteboard Video

Paul Sztorc Reacts to Baltic Honeybadger 2023 Panel (Giacomo Zucco, Peter Todd, John Carvalho): #Drivechain #BIP300

SuperTestnet addressed all the #Drivechain #FUD earlier this year on Stacker.News Dive in to clear the air and get informed about Drivechain 🔍📖:

Stacker News

Answering Objections to Drivechain \ stacker news ~bitcoin

Objection 1: Drivechain introduces new costs to miners Example argument: “DC node = more validation costs = higher minimum requirement for profit...

While the vast majority, even 99%, of alt coins might be of dubious value, there is still innovation to be found and had in that remaining 1%. Let's look at some projects that #Bitcoin will absorb when #Drivechains are activated: ZSIDE (Zcash Clone): Bitcoin will become truly private. With ZSIDE, transaction details like sender, receiver & amount get a cloak of invisibility. ETHSIDE (Ethereum Clone): Drivechains will fuse Bitcoin’s strengths with Ethereum’s flexibility. ETHSIDE seeks to end the BTC vs ETH rivalry by borrowing the best from Ethereum. BITNAMES (Namecoin Clone): Own a digital name like 'EdwardSnowden.bit'. It's like having a unique digital signature that no one can take unless you sell it. This is an idea that Satoshi once toyed with! THUNDER: Imagine onboarding billions to Bitcoin swiftly! Thunder will scale Bitcoin through geographically-segregated sidechains. BITASSETS: With BitAssets, think trading shares or assets without clogging the main Bitcoin blockchain. It’s like ICOs & NFTs but without the blockspace fuss. TRUTHCOIN/HIVEMIND: Paul Sztorc's personal project, Hivemind, is a system aiming to reshape information flow and bring efficiency to markets. LITERALLY ANYTHING YOU IMAGINE: When Drivechains are activated, innovative minds won't need to ask for permission. They'll be able to leverage the computational power of Bitcoin and their own creative spirit to push Bitcoin to true global dominance. What will you make?

Projects | Drivechain: Peer-to-Peer Bitcoin Sidechains

#Drivechain is ATH Tech!

"Bitcoin is the Revolution, Drivechain is the Evolution."

What is Merged Mining? Merged mining refers to the process where miners can mine two or more blockchains/sidechains simultaneously without having to split their computational power. One of the most cited examples of merged mining is between Bitcoin and Namecoin. Namecoin, being a smaller network, benefited from the security provided by Bitcoin's massive mining power while Bitcoin miners enjoyed extra rewards from Namecoin without any added effort.

Namecoin

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Did you know? Merged Mining, a core component of Drivechain, was introduced by Bitcoin's creator, Satoshi, in 2010. Drivechain introduces a new proposal called Blind Merged Mining. Blind Merged Mining (BMM) allows miners to mine a sidechain, without running its node software.

BIP 0301 - Bitcoin Wiki

Why Does #Bitcoin Need #Drivechain!? 🎥📎

Drivechain: Everything on Top of Bitcoin 🌎⛓

What is a #Bitcoin #Sidechain? A Bitcoin sidechain is an independent blockchain that can securely transfer bitcoins internally and from/to the Bitcoin network without supporting a money token different from Bitcoin. Bitcoin sidechains allow the vast majority of the innovation to take place on the Bitcoin network. Sidechains become a testing ground for new ideas and experimentation enabling more functionality for bitcoiners.

The Best Podcast on #Drivechain with FiatJaf (Creator of #Nostr) Paul Sztorc and @fiatjaf deep dive into #BIP300 and #BIP301 upgrades on The Stewart Mackenzie Podcast 🔥

LayerTwo Labs goal remains the same: To Make Every Transaction A Bitcoin Transaction.

LayerTwo Labs

LayerTwo Labs

@Jameson Lopp New Blog Post on #Sidechains for Scaling: #Drivechain

Cypherpunk Cogitations

An Introduction to Spiderchain

A review of the latest layer 2 protocol proposed for pegging bitcoin to a sidechain.

#Drivechain is a combination of two BIPs which allows for the creation of decentralized 2-way peg to move BTC between mainchain and a sidechains. 1) #BIP300 (Hashrate Escrows) 2) #BIP301 (Blind Merged Mining) The #BIPs can be found here:

BIP 0300 - Bitcoin Wiki

BIP 0301 - Bitcoin Wiki

Checkout these resources as well to learn more: Drivechain.xyz Drivechain.info layertwolabs.com