Bitcoin Maximalists Versus Altcoin Crusaders... Who Will Triumph??

in crypto •  7 years ago 

"Bitcoin maximalists have argued for years that sidechains will kill the value proposition of all alternative cryptocurrencies. Whether you're at a Bitcoin meet up, conference or forum, there always seems to be at least one fervent believer in Bitcoin's (and its sidechains') supremacy for an indefinite amount of use cases over alternative cryptocurrencies. A sidechain is a pegged token that runs autonomously on top of the Bitcoin blockchain, which is secured by merged mining incentives for Bitcoin's miners. Sidechains have been theorized (and debated heavily) for years, and it seems that the time has finally come for the first sidechain to make its debut. The Rootstock beta version (which essentially has all of the features of Ethereum) will launch in Bitcoin's main net with a purported 90 percent of the Bitcoin miner's backing. What does this mean for Ethereum, and more importantly... what does this mean for the entire alternative cryptocurrency space going forward?"

More (and other blog posts) here: https://www.decentralized.tech/blogs/speculation-bitcoin-maximalists-versus-altcoin-crusaders-who-will-triumph

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