FEHUCAST IV:
ᚠ. Join us as we forge the fourth Fehucast, where we journey into the pulse and pathways of Bitcoin Merged Mining with: Sergio Lerner @SDLerner, Jag Sidhu @realSidhuJag, Paul Sztorc @Truthcoin, and Michael Casey @theblackmarble.
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ᚠ. Date & Time:
October 17, 2024
(UTC−8) 7:30am - morning
(UTC−4) 11:30am - morning
(UTC−3) 12:30pm - noon
(UTC+4) 7:30pm - night
(UTC+8) 11:30pm - night
ᚠ. X-Space Link: https://t.co/Jt1fV9DZUm
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ᚠ. Retrospective on Merged Mining: From Satoshi Nakamoto's initial approval of merged mining to the publication of the first sidechain whitepaper, we’ll explore how merged mining sidechains and altcoins have evolved and what lessons have been learned.
ᚠ. Auxiliary Proof of Work and Scaling: What role does Auxiliary Proof of Work (AuxPoW) play in Bitcoin’s ecosystem, particularly as we look towards scaling? Can it maintain relevance in a more expansive Bitcoin network?
ᚠ. Innovations in Merged Mining: A deep dive into the latest proposals, including BIP 301 for Blind Merged Mining, the new SyncChain model, and the potential of hybrid consensus mechanisms alongside merged mining. What new doors can these innovations open for the future of Bitcoin?
ᚠ. Drivechain and BIP 300: Examining the Bitcoin Improvement Proposal (BIP 300) Drivechain. What are the latest updates? We’ll discuss possible scenarios if the proposed soft fork doesn’t happen anytime soon—or at all—and what that means for Drivechain.
ᚠ. PoW Sidechains and Hybrid PoS Mechanisms: Are merged-mining sidechains the best way to scale within a Proof-of-Work (PoW) ecosystem, or should we consider Hybrid Proof-of-Stake (PoS) as well? We’ll also explore the potential effects and multipliers of having hybrid mechanisms powered by Bitcoin.
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ᚠ. Sergio Lerner @SDLerner, the creator of @rootstock_io, a Bitcoin sidechain that brings smart contract functionality to the Bitcoin network. By utilizing merged mining, Rootstock allows Bitcoin miners to secure the Rootstock network while maintaining the integrity of Bitcoin’s PoW.
ᚠ. Jag Sidhu @realSidhuJag, the lead developer of @syscoin, a blockchain that combines Bitcoin's security with Ethereum's programmability. Syscoin uses merged mining with Bitcoin to secure its blockchain while offering low-cost token transfers and decentralized application capabilities.
ᚠ. Paul Sztorc @Truthcoin, the creator of Drivechain @LayerTwoLabs, an ambitious proposal that allows multiple sidechains to exist alongside Bitcoin while maintaining the security of the Bitcoin network. Drivechain uses a two-way peg to allow Bitcoin to be transferred to and from sidechains.
ᚠ. Michael Casey @theblackmarble, is the co-creator of Coordinate @andurobtc, an extensible Bitcoin-native sidechain designed for the seamless handling of digital assets. Anduro enables the development of sidechain solutions, secured by Bitcoin merged mining, allowing for new experiments on Bitcoin.
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ᚠ. FehuLayer presents the trust-minimized layer mesh, crafted for the stewardship of terra-cultura heritage and the guardianship of veblen goods.
ᚠ. This layer mesh is forged upon the enduring strength of Bitcoin-secured parallels, enhanced by the power of merged mining and bound by custom consensus mechanisms, ensuring the utmost preservation of value and legacy.
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Namecoin (2011)
Devcoin (2011)
Huntercoin (2014)
Syscoin (2014)
Myriad SHA-256 (2014)
Emercoin (2014)
Rootstock (2018)
Elastos (2019)
Fractal (2024)
Coordinate Anduro (2024)
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ᚠ. The first major whitepaper on sidechains for Bitcoin was authored by Adam Back @adam3us, Matt Corallo @TheBlueMatt, @LukeDashjr, Mark Friedenbach, Greg Maxwell, Andrew Poelstra, Jorge Timón @timoncc, and Pieter Wuille @pwuille in 2014.
ᚠ. The paper is titled "Enabling Blockchain Innovations with Pegged Sidechains" and introduced the concept of two-way pegged sidechains.
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ᚠ. Invitation to participate:
@Namecoin@BlksElements@Be_Layer2@ElastosInfo@myriadcoin@emercoin_press@fractal_bitcoin@BellsChain@BitcoinMagazine@bitcoinnews@BitcoinLayers@simplybitcoin@BitcoinNewsCom@TheBitcoinLayer@Bitcoin_Square_
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ᚠ. Post your AMA questions below in the replies, and let your voice be heard in the coming conversation.
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#getRUNED
ᚠ. Bitcoin’s magic lies in how cryptography and proof-of-work consensus solve the puzzle of trust—much like topology puzzles, where abstract connections and spaces reveal hidden, elegant solutions.
ᚠ. Both are complex yet deceptively simple, making the seemingly impossible feel effortlessly real. Blockchains and topology puzzles share a common theme, resilience through structure.
ᚠ. Both involve abstract systems of connections and transformations that preserve essential properties. Just as topology studies how shapes and spaces can change without losing their core characteristics, blockchains maintain integrity and consensus as new blocks are added and the network evolves.
ᚠ. Solving puzzles is like magic. True magic is simply understanding what others don’t. Feel free to try this at home, bound to bring fulfillment.
#getRUNED
ᚠ. Make Bitcoin Cypherpunk Again. #MBCA
ᚠ. Bitcoin is an implementation of Wei Dai's B-money proposal and Nick Szabo's Bitgold proposal (from) the Cypherpunks in 1998. — Satoshi Nakamoto, July 20, 2010
#getRUNED
SundayLite:
Prosumers are not just consumers; they are creators and innovators, shaping the future of the marketplace.
#getRUNED
Credits: VisionaryMotive
FEHUCAST II:
ᚠ. Join us as we forge the second Fehucast, delving into unbarred discourse on 'Bitcoin's Next Frontier' with @robin_linus of @ZeroSync_, @SDLerner of @FairGateLabs@rootstock_io@bitvmx, @realSidhuJag of @syscoin@SYSLabsOfficial, @agkrellenstein of @CounterpartyXCP, and @brqgoo of @script_wizard. The path is set to begin soon.
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Date: Sept 25, 2024
Time: 7.30Morning(UTC-8) / 10:30Morning(UTC-5) / 12.30Noon(GMT-03) / 11.30Night(UTC+08)
X-Space Link:
https://t.co/J5P0q0BUKm
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ᚠ. The conversation around "Bitcoin’s Next Frontier" explores the future of Bitcoin as it evolves into a multi-layered ecosystem.
ᚠ. Native and non-native solutions for expanding Bitcoin’s functionality, bringing programmability to Bitcoin, and addressing concerns about new layers.
ᚠ. Conversation also examines redefining Bitcoin as a foundational layer for decentralized applications, addressing functionality and scalability challenges, and exploring data availability solutions, all while maintaining Bitcoin’s core principles of decentralization and security.
ᚠ. The conversation aligns with FehuLayer's mission of advancing Bitcoin-native paradigms and solutions, focusing on harnessing the inherent strengths of the Bitcoin network.
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ᚠ. @robin_linus introduced a groundbreaking paradigm to Bitcoin, reshaping how the network can evolve beyond its traditional functions. In this conversation, Robin will dive deeper into the innovations behind BitVM and BitVM2, unlocking new possibilities for programmability and dApps on Bitcoin.
ᚠ. @SDLerner, known for reporting early security vulnerabilities in Bitcoin Core and pioneering the first Bitcoin sidechain, has now initiated BVMX. Sergio will provide deeper insights into BitVMX, exploring its potential to enhance the Bitcoin network's scalability and programmability.
ᚠ. @realSidhuJag invented Z-DAG, a protocol inspired by Satoshi's 'snack machine' concept, and continues to push the boundaries with his latest project, zkDA. Jag will delve into the development of zkDA and share insights into how ZK-based data availability solutions can extend to Bitcoin rollups.
ᚠ. @agkrellenstein, the creator of Counterparty, has recently rejoined as a maintainer of the protocol, marking a significant return to the project. Adam will provide an in-depth look at Counterparty 2.0, introducing key upgrades such as UTXO support, new gas system, fair minting, and more.
ᚠ. @brqgoo, known for exposing a critical bug in the Lightning Network that led to an emergency update in 2022, and for initiating Ark Protocol, a competitor to the Lightning Network, has now introduced Brollups. Burak will share more about this Bitcoin-native rollup design, specifically crafted for scalability.
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ᚠ. Invitation to participate in the AMA session:
@BitcoinMagazine@bitcoinnews@Bitvmclub@Bitvm_cn@BitcoinLayers@therollupco@simplybitcoin@BitcoinNewsCom@TheBitcoinLayer@Bitcoin_Square_
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ᚠ. Post your AMA questions below in the replies, and let your voice be heard in the coming conversation.
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#getRUNED
FEHUCAST I:
ᚠ. Join us as we forge the inaugural Fehucast, diving deep into Crossbound Digital Assets with @jakegallen of Emblem Protocol @EmblemVault and @BobBodily of Bioniq Protocol @bioniqMarket. The path begins soon.
Date: Sept 24, 2024
Time: 10PM(UTC-6) / 8PM(UTC-8) / 12Noon(UTC+08)
X-Space Link:
https://t.co/d38KFksC7Y
ᚠ. "Crossbound" could imply something that is both moving across and tied to multiple chains or networks.
ᚠ. In the context of Crossbound Digital Assets, it would convey that the Digital Assets are not just moving between chains, but are also connected or bound by certain protocols across those chains.
ᚠ. Crossbound Digital Assets "CDA" refer to digital assets that can move seamlessly across multiple blockchain networks while maintaining their integrity, ownership, and functionality.
ᚠ. FehuLayer will unite forces with @EmblemVault and @bioniqMarket for the #Protorelics (HeritageOrdinals) and #Resiforms (FusionOrdinals). More shall be unveiled in this coming conversation.
ᚠ. As the leading trailblazer of CDAs, @jakegallen shall reveal more on digital artifacts, including the famed RAREPEPE Card 1, Series 1 – The Nakamoto Card, sold for a mighty 200ETH.
ᚠ. As the new rising force, @BobBodily will guide us through the future of CDAs, including real-world applications and autonomous worlds through chain fusion and tech stack of Internet Computer.
ᚠ. Post your AMA questions below in the replies, and let your voice be heard in the coming Twitter Space.
#getRUNED
"Is that what they(we) do?" - Jared Bernstein, US Chairman of the Council of Economic Advisors. The USA now stands under the shadow of US$35 trillion in national debt.
ᚠ. Fiat's endgame draws near, its days etched in fading runes, as the cycle of trust shifts toward a trustless ledger, unbound by those who once cluelessly steered the ship into the depths. The echoes of this age grow faint; something greater emerges.
ᚠ. Possibly the first cross-collaboration on Bitcoin, forging bonds between Asigna, FehuLayer, TNA, and B137.
ᚠ. Asigna has integrated their multi-sig wallet with the Bitcoin-rooted namings of TNA and B137. It's live today.
ᚠ. FehuLayer will unify self-custodial #FehuKards and #LegacyArchi with @asignaio, @TNA_Protocol, and @b137io.
ᚠ. Collaboration leads this era. Not collision.
#getRUNED