Author: celeris at use.startmail.com 2023-09-10 17:21:26+00:00
Published on: 2023-09-10T17:21:26+00:00
The email discusses the Bitcoin Fusion Protocol (BFP), which aims to address theft concerns and explore the idea of giving miners ownership over all Bitcoins sent to Drivechains. The BFP introduces mechanisms such as locking coins on Chain A before transferring them to Chain B and conducting a vote to fuse approved blockchains. It also introduces light client verification requirements and allows for different consensus mechanisms on other chains. The email highlights advantages such as user custody of coins, faster transfer times, and the ability to send coins between sidechains without going through the main chain. Tradeoffs and security considerations are discussed, including the potential for fraud and increased fork risk. The email concludes by presenting the BFP as a seed for discussion and further iteration. It also mentions cryptographic proofs of exclusion, referring to a question on the Crypto Stack Exchange forum and a thread in the cryptography subreddit, but does not provide specific details about their contents.
Updated on: 2023-09-11T01:54:59.663118+00:00