From: Robin Linus <robinlinus@protonmail•com>
To: "bitcoin-dev@lists•linuxfoundation.org"
<bitcoin-dev@lists•linuxfoundation.org>
Subject: [bitcoin-dev] Coins: A trustless sidechain protocol
Date: Sun, 12 Jan 2020 18:54:57 +0000 [thread overview]
Message-ID: <kAPCabG_c_AiGFYny48dO7ZT-MUgINLLoiKdzElSN8IrRej9szT3t9s0FvAHihraSo0CftPwFjU_pxvKuu9SziIJFt2JZxO3rdpS3-CMKzg=@protonmail.com> (raw)
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Hi all,
I've been working on a sidechain protocol with no trusted third party. You can find the [whitepaper here](http://coins.github.io/coins.pdf).
Abstract. Coins is a Bitcoin extension designed for payments at scale. We propose an efficient solution to the double-spending problem using a bitcoin-backed proof-of-stake. Validators vote on sidechain blocks with one-time signatures, forming a record that cannot be changed without destroying their collateral. Every user can become a validator by locking bitcoins. One-time signatures guarantee that validators loose their stake for publishing conflicting histories. Checkpoints can be additionally secured with a bitcoin-backed proof-of-burn. Assuming a rational majority of validators, the sidechain provides safety and liveness. The sidechain’s footprint within bitcoin’s blockchain is minimal. The protocol is a generic consensus mechanism allowing for arbitrary sidechain assets. Spawning multiple, independent instances scales horizontally.
Feedback is highly appreciated!
Thank you
- Robin
PS: [Here on Github you can find further research on scalability and usability](https://github.com/coins/coins.github.io).
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next reply other threads:[~2020-01-12 18:55 UTC|newest]
Thread overview: 22+ messages / expand[flat|nested] mbox.gz Atom feed top
2020-01-12 18:54 Robin Linus [this message]
2020-01-13 0:21 ` ZmnSCPxj
2020-01-13 2:02 ` Robin Linus
2020-01-13 2:33 ` ZmnSCPxj
2020-01-13 17:34 ` Joachim Strömbergson
2020-01-13 22:05 ` Jeremy
2020-01-16 1:21 ` Angel Leon
2020-01-13 18:06 ` Joachim Strömbergson
2020-01-13 19:47 ` Robin Linus
2020-01-13 20:49 ` Joachim Strömbergson
2020-01-13 22:22 ` Robin Linus
2020-01-14 0:53 ` ZmnSCPxj
2020-01-14 2:19 ` Robin Linus
2020-01-14 2:59 ` ZmnSCPxj
2020-01-14 4:12 ` Robin Linus
2020-01-14 15:06 ` Joachim Strömbergson
2020-01-14 15:26 ` ZmnSCPxj
2020-01-15 1:43 ` Robin Linus
2020-01-15 5:46 ` ZmnSCPxj
2020-01-17 4:17 ` Robin Linus
2020-01-17 13:54 ` ZmnSCPxj
2020-01-18 8:21 ` Robin Linus
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