Author: James Hudon 2017-10-10 20:57:03
Published on: 2017-10-10T20:57:03+00:00
The email conversation reveals a proposal by Greg Slepak for generic sharding protocol that allows users to send coins from one chain to another. The user burns the coins on the original chain and creates a minting transaction on the new chain. The proposal was discussed among developers, with some expressing concerns about changing the number of Bitcoins in existence. Tao Effect defends the proposal, stating that burning applies only to the original coins and that there is no change in the total amount of Bitcoin. James Hudon questions the proposal, citing the potential loss of money and miners having to issue bitcoin twice. There is also discussion about the security implications of Drivechain versus the proposed sharding protocol. Despite differing opinions, the conversation reflects an ongoing effort to find solutions for scaling Bitcoin while maintaining its security.
Updated on: 2023-06-12T21:39:24.263667+00:00