Drivechains in Bitcoin could be a 'game-changer,' but there's a catch, Bitfinex CTO says

Bitfinex CTO Paolo Ardoino said drivechains in Bitcoin could be a “game-changer” amid the reignited debate surrounding the BIP-300 proposal.

Bitfinex CTO Paolo Ardoino told The Block in a recent interview that drivechains in Bitcoin could be a "game-changer" amid the recently reignited debate surrounding the BIP-300 proposal, originally authored by Layer 2 Labs CEO Paul Sztorc in 2017.

Drivechains are native, merge-mined sidechain mechanisms for Bitcoin that require a contentious fork. They could enable users to securely lock their bitcoin using a decentralized two-way peg and mint coins with attributes similar to various altcoins. Drivechains could also offer miners extra fees, boosting Bitcoin's hashrate and security while introducing features such as DeFi, NFTs, security tokens and stablecoins anchored by Bitcoin.

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