the case for an ixcoin
sidechain companion-chain
1. high hash secured by miners
2 merge mined
3 initial distribution complete
4. Distribution was done over long enough time for it to be considered fair.
5. Ixcoin is bitcoin code (copied, and kept up to date) therefor it has the same security that bitcoin code provides.
I'm imagining a duel ixcoin , bitcoin wallet. The wallet monitors network traffic (ie: is there a backlog of traffic, a traffic jam) and then routes data through the appropriate network. (ie: shapeshift)
ixcoin in this example becomes a fast lane?
Peter Todd has some potential solutions -
https://gist.github.com/petertodd/8e87c782bdf342ef18fbQuote from: Peter Todd
What we need to do:
Add fee/KB displays to block explorers.
Change wallets to calculate and set fees in fee/KB rather than fixed fees regardless of tx size.
Make websites with easy to understand displays of what the current mempool backlog is, and what fee/KB is needed to get to the front of the queue. We've done a great job for Bitcoin price charts, let's extend that to transaction fees.
Add the ability to set any fee/KB to wallets, rather than be stuck with predefined options that may not be high enough.
Add support for fee-bumping via (FSS)-RBF to wallets and Bitcoin Core.