BitVM can do pegs, but they are difficult, expensive, and can easily be stolen by the miners. This was basically the same problem in the original Blockstream whitepaper.
If sidechains are ultimately going to be the way to scale Bitcoin, then it makes sense to allow Bitcoin to have the most secure sidechain properties possible. This will require a soft fork.
BTCapsule 🏴🧡 /
npub1v6…kxk5t
2023-12-24 23:51:06
in reply to nevent1q…lt7v
Author Public Key
npub1v6xwae25wh6etmqw3m6yce9lnk5dnhtqpzk9fhxjfvjsryctjc8q2kxk5tPublished at
2023-12-24 23:51:06Event JSON
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"content": "BitVM can do pegs, but they are difficult, expensive, and can easily be stolen by the miners. This was basically the same problem in the original Blockstream whitepaper. \n\nIf sidechains are ultimately going to be the way to scale Bitcoin, then it makes sense to allow Bitcoin to have the most secure sidechain properties possible. This will require a soft fork.",
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