Written by Ivan Raszl,GM of MediaBistro, blogger at Bitcoin Owl and associate at Inside Bitcoins Conference. Originally posted at http://bitcoinowl.com/everything-starting-fall-place-bitcoinBitcoin is a fairly new...
Adam Back and Austin Hill announced on Let’s Talk Bitcoin their newest project: “sidechains”. The idea, they described, would allow for the existence of alternative blockchains, perhaps with different rules allowing various kinds of additional features or transaction types, but with a currency unit whose value is pegged to that of the bitcoin.
This article corresponds with David Mondrus’ January 29th post entitled “In Mining, We Trust” to the extent that this piece explains from an accounting...
