BIP 300, Sidechains, Drivechain… The Debate Is Heating Up in the Bitcoin Microcosm.

Everything You Need To Know To Understand What Is Behind the Controversy.

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I've already explained that Bitcoin is a true democracy in the noblest sense of the word.

The process of evolving Bitcoin's source code meets very precise criteria. Evolution proposals are discussed between developers and all those who wish to participate on a dedicated mailing list. Then, if there is sufficient interest in a proposal, a Bitcoin source code enhancement proposal is made.

This is called a BIP for Bitcoin Improvement Proposal.

For the modification to be accepted, as many network participants as possible must agree to it.

For several weeks now, BIP 300 has been causing controversy in the Bitcoin world. For those who haven't made the connection with this code name, it's Drivechain. I'm sure it's already passed through your news feed if you follow Bitcoin-related news assiduously.

Paul Sztorc and CryptAxe are the authors of this proposal, which dates back to mid-2017.

Here are the motivations behind their BIP: