Author: Chris Stewart 2017-07-12 19:34:54
Published on: 2017-07-12T19:34:54+00:00
In an email thread, Greg Slepak and Chris Stewart discuss the security risks associated with Drivechains, a proposed modification to the Bitcoin protocol that would make it easier for Bitcoin users to give their Bitcoins to miners. Slepak argues that this would compromise Bitcoin's security, likening it to designing a car with a button that randomly causes the brakes to fail if pushed. He asserts that security is about making it difficult to shoot oneself in the face. Stewart counters that the drivechain output has a different security model than other contracts and that better options are being worked on. However, he admits that most withdrawals will be done via atomic swaps, not through drivechains. The discussion highlights the ongoing debate over the best way to ensure security in cryptocurrency transactions.
Updated on: 2023-06-12T03:30:52.076667+00:00