Aejkohl on Nostr: Sequentia: A Bitcoin sidechain that doesn't need a peg/bridge ...
Sequentia: A Bitcoin sidechain that doesn't need a peg/bridge
https://docs.sequentia.io/signet
Trying this again with fewer words...
The Sequentia Network will run on a fork of Elements (the codebase made by Blockstream for the Liquid Network), with two key changes of which the first is already built (check out our proof of concept in the link):
- a free market for transaction fees. I.e. tx fees proposed in any asset issued on the network; no native coin or peg and
- anchoring between sidechain and mainchain blocks so that you can make atomic swaps between both chains in real-time (unlike cross-chain atomic swaps between standalone blockchains, which require long timelocks)
So, essentially, you could think of it as "Liquid without L-BTC", although our hope is that in time people will see what we're building as a logical extension of the ideas that got Liquid started and therefore a spiritual successor.
Hoping to release mainnet by EOY, but for that to be possible we absolutely need more feedback, criticism, and general involvement from all you plebs out there. Obviously everything we're doing is open source, and we don't just welcome external contributors, but will do everything in our power to reward and incentivize them.
Check out the signet in the link. Join us.
originally posted at https://stacker.news/items/613084
https://docs.sequentia.io/signet
Trying this again with fewer words...
The Sequentia Network will run on a fork of Elements (the codebase made by Blockstream for the Liquid Network), with two key changes of which the first is already built (check out our proof of concept in the link):
- a free market for transaction fees. I.e. tx fees proposed in any asset issued on the network; no native coin or peg and
- anchoring between sidechain and mainchain blocks so that you can make atomic swaps between both chains in real-time (unlike cross-chain atomic swaps between standalone blockchains, which require long timelocks)
So, essentially, you could think of it as "Liquid without L-BTC", although our hope is that in time people will see what we're building as a logical extension of the ideas that got Liquid started and therefore a spiritual successor.
Hoping to release mainnet by EOY, but for that to be possible we absolutely need more feedback, criticism, and general involvement from all you plebs out there. Obviously everything we're doing is open source, and we don't just welcome external contributors, but will do everything in our power to reward and incentivize them.
Check out the signet in the link. Join us.
originally posted at https://stacker.news/items/613084