Softchains Bring Two-Way Pegs And Potential Room For Use Cases — But Not Without Security Costs Today

50

This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host.

In this next piece looking at different sidechain implementation designs, we’re going to go through softchains. This is another one of Ruben Somsen‘s proposals for a sidechain mechanism. This differs heavily from spacechains, the design covered in my previous article. It requires a specific change to the Bitcoin Core protocol specifically structured to implement a sidechain, imposes a new validation cost on Bitcoin full nodes, and has support for a two-way peg mechanism that does not depend on a federation to custody funds.


This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More