Hi, I have proposed a scaling solution before called "Scaling Bitcoin with Subchains":
https://bitcointalk.org/index.php?topic=1083345.0. I have seen other similar proposals like treechains, sharding, etc:
http://diyhpl.us/wiki/transcripts/scalingbitcoin/sharding-the-blockchain/https://github.com/vbuterin/scalability_paper/blob/master/scalability.pdfhttps://www.reddit.com/r/Bitcoin/comments/3u1m36/why_arent_we_as_a_community_talking_about/cxbamhnhttp://eprint.iacr.org/2015/1168.pdf(No this is not the same as Peter R's subchains)
I don't see any development progressing in this area and I would like to help. It seems the general conclusion is "it's too complex". But, I disagree: I think it is the simplest/most straightforward way to scale to arbitrary transaction volumes. Segregated witness seems ok (still need to see how it will be implemented), but it is not a full scaling solution. As transaction volumes keep increasing we need to have some solution ready. Even if a better solution comes along later on, we need a working solution, and it can be used as a benchmark to compare with other solutions.
I am ready to work on this, and I think I have enough experience to get this done on my own. You can see my web page
http://akrmn.org for some links to my work. My goal would be to fork Bitcoin Core to add these features, and have it tested on Test-Net. I need some time to get more used to the code base, but I think I can have a working solution done in 6-12 months. I can also create a formal white paper if people wish.
I currently moved to a new country to lower my living costs, and I basically need 1000 USD/month to live comfortably. Since I expect Bitcoin to continue its up-trend, I would accept 1 BTC/month to cover my expenses. I created a new donation address: 12pdFSHyJTEQaqs1qUzkxxX25SCt4GBzsq.
If I receive x bitcoins to this address, I will work full time on this for x months (12 months maximum for now). Later, I may adjust the rate to the exchange rate. I promise not to let anyone's donations influence the goals of the project. If I don't get enough funding, then I'll continue looking for freelance jobs, but will only be able to work part time on this.
I can also attach a PGP-signed version of this message, but my subkey expired in November, and I am currently unable to find the password for my master key
![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
, so this is the best I have for now.
Thanks