Cruptocurrency option - Blockstream sidechains


#1

I haven’t been here in a while so I haven’t seen the latest posts about implementation of cryptocurrency in HF, but http://www.blockstream.com/ (the hot topic in cryptocurrency in the last couple of days) seems worth taking a look at. Pegged sidechains can combine the advantages of Bitcoin with the flexibility of bespoke alternative approaches. Take a look at the whitepaper, and there is a Reddit AMA in half an hour.


#2

Very cool stuff, thanks for sharing.


#3

What are the current plans for implementation of cryptocurrency in HF?


#4

Click the link below for my review and thoughts about sidechains, and highlights from the Reddit AMA.

In summary, sidechains will offer the best of both worlds: the ability to rapidly experiment innovative solutions in a separate “greenhouse” while still using Bitcoin as currency. HF could build its own private blockchain, under it’s own full control, but still use Bitcoin as currency. I think for many users (certainly including me), this would be an ideal solution.

https://www.cryptocoinsnews.com/sidechains-bitcoin-2-0-revolution-highlights-reddit-ama/