The LTB Network Forum


About Sidechain

Back to Bitcoin & Beyond

Jump to bottom
Pages: 12

Comments

  • jsea

    @rob

    @page https://www.reddit.com/r/counterparty_xcp/comments/2ktbo1/xcp_vs_sidechains/

    Thanks, that seems like a really good explanation of sidechains (and comparison w/ Counterparty). Or straight to the explanation: http://www.reddit.com/r/Bitcoin/comments/2ks5ld/z/clokcgu

    LTB episode 104 discuses sidechains and treechains and highlights some of the problems with sidechains with an emphasis on mining and security

    https://soundcloud.com/mindtomatter/ltb-e104-tree-chains-with#t=19:05

    Counterparty being reliant on the blockchain has it's disadvantages , yes it could connect to another blockchain but which one stands out as the more likely or viable an option ?

    Permalink
    0 likes
  • Rob

    @jsea LTB episode 104 discuses sidechains and treechains and highlights some of the problems with sidechains with an emphasis on mining and security

    https://soundcloud.com/mindtomatter/ltb-e104-tree-chains-with#t=15:00

    Counterparty being reliant on the blockchain has it's disadvantages , yes it could connect to another blockchain but which one stands out as the more likely or viable an option ?

    Ah, yes, been awhile since I listened to that episode (I haven't listened again, but I should). So w/o memory of that episode, I think moving to another blockchain is presented as an idea to show the flexibility of the Counterparty protocol. Maybe at some point in the future, it might makes sense to do so. Counterparty on Bitcoin makes sense today from a security standpoint. The counterparty protocol on Dogecoin (Dogeparty) makes sense from a transaction cost and speed standpoint. But longterm, maybe another blockchain will look attractive. That's my take.

    Note that Joseph VaughnPerling talks about sidechains a bit on my 3rd podcast (starts at 34:21): http://letstalkbitcoin.com/blog/post/the-bitcoin-game-3-joseph-vaughn-perling

    Permalink
    0 likes
  • jsea

    @rob

    @jsea LTB episode 104 discuses sidechains and treechains and highlights some of the problems with sidechains with an emphasis on mining and security

    https://soundcloud.com/mindtomatter/ltb-e104-tree-chains-with#t=15:00

    Counterparty being reliant on the blockchain has it's disadvantages , yes it could connect to another blockchain but which one stands out as the more likely or viable an option ?

    Ah, yes, been awhile since I listened to that episode (I haven't listened again, but I should). So w/o memory of that episode, I think moving to another blockchain is presented as an idea to show the flexibility of the Counterparty protocol. Maybe at some point in the future, it might makes sense to do so. Counterparty on Bitcoin makes sense today from a security standpoint. The counterparty protocol on Dogecoin (Dogeparty) makes sense from a transaction cost and speed standpoint. But longterm, maybe another blockchain will look attractive. That's my take.

    Note that Joseph VaughnPerling talks about sidechains a bit on my 3rd podcast (starts at 34:21): http://letstalkbitcoin.com/blog/post/the-bitcoin-game-3-joseph-vaughn-perling

    No, they don't talk about counterparty that's another episode in e104 it's purely sidechains, treechain and mining technology.

    I think if counterparty found itself looking at another blockchain one that's compatible with the bitcoin blockchain would be the most obvious choice.
    https://bitcointalk.org/index.php?topic=734674.msg9521073#msg9521073

    I'll listen to your podcast, when my brains no hurting so much, ta.

    Permalink
    1 like
Jump to top
Pages: 12

Post Reply

Please Login to post a reply to this thread.

© Copyright 2013–2016 The LTB Network. All rights reserved .