Drivechain allows BTC to travel to other software applications, and back. With DC, Bitcoin-owners can use their BTC on Ethereum-clones, BCH-clones, Monero-clones, etc.

Go here for a guide on downloading and using this software. It has screenshots to help walk you through the process.

Hang out with us by joining the Drivechain Telegram Group.

Check out this DriveNet Faucet, and this SideShift (Instant Sidechain Withdrawal Service) project, and this blockexplorer. All by @abrkn.

Good Recent Interviews

  1. 51 Minutes (0:26:00 to 1:17:40) during an Oct 14 Whalepool Talk on Bitcoin, Drivechain, and Hivemind
  2. Let’s Talk Bitcoin – Episode #377

Per learning theory, an explainer written by someone who just learned Drivechain (not by me!).

Explainer Memes

More Info

Drivechain is made of two technologies:

  1. Hashrate Escrow – A “Container UTXO” that compresses 3-6 months of blockchain data into a fixed 32-bytes.
  2. Blind Merged Mining – Replaces the act of running a sidechain node with the act of including a single high-fee transaction.

View the main critiques of Drivechain.

Please read the FAQ!

BIPs and Code Documentation

Drivechain is so big it actually fits into two BIPs over three files:

  1. drivechain-bips.md
  2. bip1-hashrate-escrow.md
  3. bip2-blind-merged-mining.md

See also:

Purpose

Problems With Today’s Mono-Chain Setup

  • Blockchain technology has economic tradeoffs, and users disagree over the optimal tradeoff. But only one group can have their way at a time.
  • Bitcoin investors must worry about competition from other projects (Ethereum, Z-Cash, Ripple).
  • Satoshi, creator of Bitcoin, wanted to support many transaction types, but knew that his design was prohibitively inflexible.
  • Bitcoin is supposed to be used as money, but if it cannot be used on some networks, it is constrained as a medium of exchange – and therefore at a competitive disadvantage.

Instead, sidechains are alt-chains that all use the same Bitcoin token. They start with zero coins; they accept Bitcoin deposits, conduct Bitcoin transfers, and finally dispense Bitcoin withdrawals.

Main Benefits

  1. Permissionless Innovation: Anyone can create a new blockchain project, without facing the (near-impossible) task of also bootstrapping a new unit of money.
  2. Eliminates Competition: Bitcoin will always have the best code, because it can copy any code that exists.
  3. Freedom to Choose: Satoshi’s consensus protocol requires everyone to agree on everything, down to the very last byte. Sidechains allow users to choose which benefits they would like to pay for.

Other Benefits

  1. Anti-Scam: SCs filter out get-rich-quick schemes (the ‘get rich’ part is now impossible). Therefore, good projects can stand out and receive our attention.
  2. Faster Progress: SCs let us test new features. The tests are safe – if these features fail, they won’t take down the main network. However, the tests are also informative – real BTC is on the line.

Contact

Email: truthcoin /at/gmail/

PGP Key: F162C410

I'm usually on Twitter 8-9 AM and 5-6 PM.