@tym4t Yes, it uses "roots" pegged to bitcoin as fuel.
Best of Bitcoin (currency and settlement system) + best of Ethereum (smart contract programming environment):https://twitter.com/NickSzabo4/status/651773090523967488 …
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@NickSzabo4@SDLerner End of Ethereum? -
@DaveWolk@NickSzabo4@SDLerner not until they solve the 2-way peg problem. -
@SchalkDormehl@DaveWolk@NickSzabo4 Until then, an federated peg using a majority multi-sig with respected members is the best we can have. -
@SDLerner@DaveWolk@NickSzabo4 So what happens to the safety of these 4 to 7 people once Rootstock's Bitcoin wallet constitutes real money? -
@SchalkDormehl@SDLerner@DaveWolk They will be targets for both hackers and lawsuits. - 1 more reply
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@NickSzabo4 ok, now all they need is a 2-way peg or a winged unicorn to fly coins between chains. The unicorn might be more realistic. -
@SchalkDormehl@NickSzabo4 We're currently working on the winged unicorn. Stay tuned. -
@ErikVoorhees@NickSzabo4 Voorhees, are you part of this project btw?
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@NickSzabo4@SDLerner guess you haven't heard of@CounterpartyXCP (no sidechain required) -
@ShaunAppelbaum@NickSzabo4@CounterpartyXCP Yes, I'm following Counterparty very closely. Rootstock does 10s payments, XCP does not. -
@SDLerner@ShaunAppelbaum@NickSzabo4@CounterpartyXCP if you need fast confirmations, blockchains are not for you -
@derosetech@ShaunAppelbaum@NickSzabo4@CounterpartyXCP Not true. several projects have done it: BitShares, Ethereum, NimbleCoin, Rootstock -
@SDLerner@ShaunAppelbaum@NickSzabo4@CounterpartyXCP all of those projects use centralized and trivially mutable blockchains
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@NickSzabo4 apart from the fact that this implementation will necessitate an infrastructure of miners what makes this different than xcp?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@NickSzabo4 It'd still be slow. < 3 seconds is the time to beat. -
@_coinist
@NickSzabo4 don't compete with BTC for the internet value chain. Peg to it. It's a tried and tested model in real world fiat.
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@NickSzabo4 "Fast transactions on the sidechain (20 seconds) with same level of security than Bitcoin" not so sure about the "security" part -
@halovast@NickSzabo4 1/ Non-merge mined secure Sidechains are a distinct possibility. Check out DAGcoin proposal by Sergio Lerner@SDLerner -
@halovast@NickSzabo4@SDLerner 2/ That proposal seems to need high tx volume to work. Apart from that, looks very interesting indeed! -
@MeherRoy@NickSzabo4@SDLerner well Id like to see first the code and then a fully secured working sidechain before praising this EVM fork
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