Author: ZmnSCPxj 2022-06-05 16:37:24
Published on: 2022-06-05T16:37:24+00:00
The article discusses the possibility of introducing sidechains in a no-fork way using transaction joining and homomorphic encryption. To achieve this, a new chain with zero coins needs to be created, and coins from other chains can be introduced by signing a transaction. Merged mining can be used to reward sidechain miners, and the hash of the chain can be added to the signature inside a Bitcoin transaction to prevent overwriting history. The article also suggests that encrypting the amount in a homomorphic encryption such as Pedersen commitments / ElGamal commitments is how MimbleWimble coins (such as Grin) work.
Updated on: 2023-06-15T21:37:39.328328+00:00