Building Botanix, a Bitcoin Layer 2 That Brings the EVM to Bitcoin

Frank  Corva


That is a very good question. I was actually a proof-of-work maximalist before designing the spiderchain, but I realized that a proof-of-work on a second layer actually doesn’t make a lot of sense. So, I looked into proof-of-stake and read all the different white papers. In 2022, when Ethereum merged to proof-of-stake, there were a lot of Bitcoiners, including Jack Dorsey, who were retweeting this article about why proof of stake is insecure. So, I read the article. Each of the arguments in it were actually solved if you build with proof-of-stake on a second layer. Let me go quickly over the arguments. Number one is the economic argument. Proof-of-work is a leaking system and proof-of-stake is a closed system. That means that proof-of-work has a decentralizing trend. You need to pay for the electricity, so value leaks out of the system. Bitcoin, over time, becomes more and more decentralized, because that value leaks out into the real world. Proof-of-stake is the opposite. It actually has a centralizing trend. The stakers get a bigger and bigger portion of the total 100% share of the assets over time. As a layer one, as a currency, that doesn’t make a lot of sense.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

mother sex videos desipapa,com suzuka-sama's servant hentai comics in english سكس مصرى خفى تيسا لين goan sexy girls hindi nangi sexy video hot sexy mms video porn mujra xx x vedeos indaxnxx indian porn vidio www.xnxx telugu sixe video hinde xvideozhot sex film nepali chut ki chudai hindi me hot babe having sex x videos in india aloha free sex videos indion couple xxx video كس نورهان سكس تقبيل xvideos9 bengali boudi 3x 相互オナニー 旦那不在の3日間パンストtバックで誘惑してくる人妻に即ハメ中出しした件。 saimin manga cast aoi by sanagi torajirou