Discover and read the best of Twitter Threads about #sidechain

Most recents (3)

Just had a wild idea, so bear with me:
Imagine an #opensource #cryptocrowdfunding model for software products, the kind you buy from @awscloud @Azure @GCPcloud and also the smaller players like @digitalocean and @Rackspace m, where there are no hardware licenses. 1/
You donโ€™t even have to run the software or have access to the hardware running it in this model. Instead of #softwarelicensing, #developers set #crypto #staking thresholds which act as #digitalaccesscontroltokens; #stake x of whichever #Crypto, or y of another, with a discount 2/
when using the projectโ€™s #sidechain. So you get staking setup, and essentially get #APIkeys which allow you to join the network in r/w mode. Or you could say to heck with all that, I just want to pay someone. You can pay the network directly to do the work the software does. 3/
Read 10 tweets
0/ Another doozy of a thread for you!

The past ~24hrs saw a great many #blockchain projects share development updates and partnership news. Amid this, the #crypto space was ripe with discussion on several topics.

On what, exactly? Well that's for you to find out ๐Ÿ˜‰
1/ ๐Ÿ‡บ๐Ÿ‡ธ @AugurProject [ $REP ] - yeah, that #Ethereum-powered decentralized prediction market everyone wrote off post-#mainnet as quickly as @Novogratz revises a #bitcoin price forecast (๐Ÿ˜˜) - well the #USmidterms have seemingly awoken punters from far and wide. Those numbers!
2/ ๐Ÿ”Ž @adam3us's leading #bitcoin and #blockchain technology firm @Blockstream announced its new block explorer, blockstream.info.

Now, users can search and view specific data published in real-time to the Bitcoin #blockchain, Bitcoin #testnet and Liquid #sidechain. Neat!
Read 30 tweets
Just for fun I'm going to answer one of the brand new accounts spreading FUD about the #LiquidNetwork. Liquid is an inter-exchange settlement network - that means it's for exchanges, OTCs, traders, market makers etc. L-BTC isn't for putting into cold storage for your descendants.
Liquid is designed to solve a problem: moving large amounts of BTC very fast and reliably. On-chain transactions are prone to variance and exchanges typically require more than 1 confirmation, so full settlement can take an hour or more. Full settlement in L-BTC is minutes.
Bitcoin is trustless and permissionless. Corrrect! Liquid sits on top of Bitcoin and uses a distributed trust model. If you're a trader (remember what Liquid is for) you trust the exchange with custody of your coins while trading - so now you trust a federation of exchanges.
Read 8 tweets

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