" used by few and understood by fewer "
Sadly a true statement...
the interesting parts in this article:
Sadly a true statement...
the interesting parts in this article:
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Think of sidechains as the ability to move your money from a bank with no rules and no insurance to a bank with lots of rules and lots of insurance—and back—whenever you want
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if you wanted reversible transactions, you could move your bitcoin to a sidechain in which all transactions take a week to process and can be revoked by a trusted central authority during that time.
Alternatively, you could move your bitcoins to a blockchain that is faster than the current bitcoin network, which is limited to seven transactions per second and takes up to an hour to confirm transactions.
Alternatively, you could move your bitcoins to a blockchain that is faster than the current bitcoin network, which is limited to seven transactions per second and takes up to an hour to confirm transactions.
Hi
At first glance i was also surprise. But after reading got some point.
In fact, the writer intentionally tried put some old school argument about `Bitcon bad, blockchain good'. He did appreciate some of recent Altcoin namely LSK, WAVES and upcoming ICONOMI, blockpay types of innovation. But I'm not sure what will happens with them, when the issue of mass adoption take center stage!
Thanks for your valuable input!
