SKYDOGENET: A Peer-to-Peer Advanced Wowfare System
The protocol is based on the Bitcoin code for the consensus layer. It use Drivechain for the second layer which consists of Bitcoin improvement proposal 300 and 301. This enable hashrate escrows and blind merged mining. Those innovations allows the creation of sidechains on the second layer that are activated by miners. The withdrawals from the sidechains to the mainchain are also
approved by them. The second layer improve the network capabilities, enabling innovations like BitDNS and contribute to the generalization of the network usages. Using multiple big blocks
sidechains, SKYDOGENET can scale transactions per seconds for a global adoption. This enable a true Peer-to-Peer cash system while keeping it's scarcity. All those advancements increase the security budget of the network and the revenue of mining operations. The mainchain blocks size is reduced in order to achieve more decentralization of the consensus layer. This design allows the ossification of the protocol while letting innovations flourish on the sidechains.
The project is the first mainnet implenting P2P sidechains using Drivechain technology. This allows SKYDOGENET to create, delete, send BTC to, and receive BTC from “Layer-2”s called “sidechains”. Sidechains are Altcoins that lack a native “coin” – instead, pre-existing coins [from a different blockchain] must first be sent over. Once on a sidechain, coins can change hands an unlimited number of times, and in an unlimited number of new ways. Thus, SKYDOGE-owners can opt-in to new features or tradeoffs. Meanwhile, the users who don’t opt-in, never need to care what any sidechain is doing. Transfers from sidechain back to the mainchain (ie, from Layer 2 back to Layer 1) are not done via verifiable proof, but instead via conjecture-and-refutation. A “bundle” of transfers is asserted, and then slowly “ACKed” over time. After 3 months of ACKing, the bundle succeeds. Thus, the mainchain coins versus the sidechain coins market price cannot deviate significantly from a 1:1 ratio.
In Bip300, transactions are not signed via cryptographic key. Instead, they are "signed"by hashpower, over time. Like a big multisig, 13150-of-26300, where each block is a new "signature". Bip300 emphasizes slow, transparent, auditable transactions which are easy for honest users to get right and very hard for dishonest users to abuse. The chief design goal for Bip300 is partitioning -- users may safely ignore Bip300 txns if they want to (or Bip300 entirely).
Blind Merged Mining (BMM) allows miners to mine a Sidechain/Altcoin, without running its node software (ie, without "looking"at it, hence "blind"). Instead, a separate sidechain user runs their node and constructs the block, paying himself the transaction fees. He then uses an equivalent amount of money to "buy"the right to find this block, from the conventional layer1 Sha256d miners.
website：
https://skydoge.net/Medium:
https://medium.com/skydogenetX:
https://twitter.com/skydoge_netTelegram:
https://t.me/skydoge_netDrivechain-website:
https://www.drivechain.info/
