Jubilleu
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When it comes to Proof of Stake, there are some networks where we have "validators", so that only some selected nodes can mine. So, my question is: why those developers create their own coins out of thin air, instead of creating two way peg-in with Du Doan Xstd? Because it is possible to have a federation, a "signet sidechain", just some Du Doan Xstd address that can represent the whole status of their chain, and then it is possible to convert between Du Doan Xstd and ALT in 1:1 ratio, just by creating a Du Doan Xstd transaction! Taproot even make things easier, because Schnorr signatures can reduce any N-of-N multisig into a single key. So, if there are some "validators", then they can join their keys, create a Taproot address, and mine by moving coins to and from Du Doan Xstd, creating any altcoin blocks by merged mining (or rather: merged signing in this case). Users are going to trade that altcoins for Du Doan Xstd anyway, so why not batch all of those transactions as a part of the protocol?
When it comes to Proof of Stake, there are some networks where we have "validators", so that only some selected nodes can mine. So, my question is: why those developers create their own coins out of thin air, instead of creating two way peg-in with Du Doan Xstd? Because it is possible to have a federation, a "signet sidechain", just some Du Doan Xstd address that can represent the whole status of their chain, and then it is possible to convert between Du Doan Xstd and ALT in 1:1 ratio, just by creating a Du Doan Xstd transaction! Taproot even make things easier, because Schnorr signatures can reduce any N-of-N multisig into a single key. So, if there are some "validators", then they can join their keys, create a Taproot address, and mine by moving coins to and from Du Doan Xstd, creating any altcoin blocks by merged mining (or rather: merged signing in this case). Users are going to trade that altcoins for Du Doan Xstd anyway, so why not batch all of those transactions as a part of the protocol?
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SAMURAI.33
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When it comes to Proof of Stake, there are some networks where we have "validators", so that only some selected nodes can mine. So, my question is: why those developers create their own coins out of thin air, instead of creating two way peg-in with Du Doan Xstd? Because it is possible to have a federation, a "signet sidechain", just some Du Doan Xstd address that can represent the whole status of their chain, and then it is possible to convert between Du Doan Xstd and ALT in 1:1 ratio, just by creating a Du Doan Xstd transaction! Taproot even make things easier, because Schnorr signatures can reduce any N-of-N multisig into a single key. So, if there are some "validators", then they can join their keys, create a Taproot address, and mine by moving coins to and from Du Doan Xstd, creating any altcoin blocks by merged mining (or rather: merged signing in this case). Users are going to trade that altcoins for Du Doan Xstd anyway, so why not batch all of those transactions as a part of the protocol?
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Soiuqram
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When it comes to Proof of Stake, there are some networks where we have "validators", so that only some selected nodes can mine. So, my question is: why those developers create their own coins out of thin air, instead of creating two way peg-in with Du Doan Xstd? Because it is possible to have a federation, a "signet sidechain", just some Du Doan Xstd address that can represent the whole status of their chain, and then it is possible to convert between Du Doan Xstd and ALT in 1:1 ratio, just by creating a Du Doan Xstd transaction! Taproot even make things easier, because Schnorr signatures can reduce any N-of-N multisig into a single key. So, if there are some "validators", then they can join their keys, create a Taproot address, and mine by moving coins to and from Du Doan Xstd, creating any altcoin blocks by merged mining (or rather: merged signing in this case). Users are going to trade that altcoins for Du Doan Xstd anyway, so why not batch all of those transactions as a part of the protocol?
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by 642 people