Bitcoin has greater difficulty than other Internet protocols in adapting to new demands and accommodating new innovation.
We propose a new technology, pegged sidechains, which enables bitcoins and other ledger assets to be transferred between multiple blockchains. This gives users access to new and innovative cryptocurrency systems using the assets they already own. By reusing Bitcoin’s currency, these systems can more easily interoperate with each other and with Bitcoin, avoiding the liquidity shortages and market fluctuations associated with new currencies. Since sidechains are separate systems, technical and economic innovation is not hindered. Despite bidirectional transferability between Bitcoin and pegged sidechains, they are isolated: in the case of a cryptographic break (or malicious design) in a sidechain, the damage is entirely confined to the sidechain itself.
This paper lays out pegged sidechains, their implementation requirements, and the work needed to fully benefit from the future of interconnected blockchains.
A LinkedIn egyik alapítója, Reid Hoffman (aki nem mellesleg igen komoly angel investor), most néhány másik figurával 21 millió dollárt pumpál bele a Blockstreambe. A fentiek nekem azt súgják, hogy a Bitcoinba fektetni ma sem hülyeség, illetve azt is, hogy a Bitcoin is here to stay. A karácsonyi szünetben végigolvasom a white paperjüket.