Good morning CS,
The difficulty is not so much the proof-of-whatever, but rather, the peg itself.
My understanding of your pegout from sidechain to mainchain is that this pegout
is very low-bandwidth, i.e. only a tiny amount can be pegged out at each
mainchain block.
This suggests to me that the
Hi everyone,
I am hoping to get a critique on a proposal of how to
construct childchains "on-top" of Bitcoin without requiring any changes to
Bitcoin itself nor requiring any user or miner to be aware of them.
The childchain is Bitcoin-aware and simulates the properties of Proof of
Work by requir
