I can agree with this to a certain extent. Monero’s team actually accomplished this incredibly with Tari with “merge mining”, where the proof of work of Monero can be used with Tari with no extr...
merge mined sidechains and a decentralized two-way peg. it mimics exactly what already happens naturally, it just ensures that the bitcoin miners get all of the fee revenue instead of altcoins and trusted third parties. there's already a huge amount of capacity for running blockchains. it's just splintered across too many different alt currencies and consensus mechanisms. they could have all been real bitcoin sidechains paying bitcoin miners for security.
paul storcz talks about this a lot. but you do NOT have to use his hashrate escrows idea to make this work. there are other methods. it can be done using covenant opcodes
tari doesn't have to deal with the two way peg problem. they just accept the sidechain being denominated in a totally new currency. bitcoin will need to avoid that
paul storcz talks about this a lot. but you do NOT have to use his hashrate escrows idea to make this work. there are other methods. it can be done using covenant opcodes
tari doesn't have to deal with the two way peg problem. they just accept the sidechain being denominated in a totally new currency. bitcoin will need to avoid that
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