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Both Nasdaq omx [0] and Overstock t0.com [1], mentioned in the article, seem to use the Bitcoin Blockchain to peg their internal currency against, they're sidec
by mpeg 11y ago
Both Nasdaq omx [0] and Overstock t0.com [1], mentioned in the article, seem to use the Bitcoin Blockchain to peg their internal currency against, they're sidechains, not completely separate blockchains...
[0]: https://coincenter.org/wp-content/uploads/2015/06/SecondLetterForRecord-AB1326.pdf https://coincenter.org/wp-content/uploads/2015/06/SecondLett...
[1]: http://www.sec.gov/Archives/edgar/data/1130713/000104746915008523/a2226515zs-3a.htm http://www.sec.gov/Archives/edgar/data/1130713/0001047469150...
- kanzure 11y agoTimestamping isn't enough to make something a sidechain: https://blockstream.com/sidechains.pdf https://blockstream.com/sidechains.pdf ... unless you are using "sidechain" in a very loose, diluted sense.
- mpeg 11y agoI guess you mean the t0.com chain, I do agree it's not the common case where you can transfer btc in and out of the sidechain. Would it be considered a completely separate chain, since it needs to publish the timestamped hashes on the bitcoin blockchain ? (Or any other, sure, but right now bitcoin is the one with the widest adoption)