15/11/2024 –, Finney Stage
A demo of statechains, with an explanation of how they work, along with a new proposal for fixing their two main problems with a bitcoin-enforced insurance contract
Ever wondered how statechains work? Want to see them in action? Super Testnet’s got you covered! He will demonstrate his StatechainJS software and give a detailed presentation on its inner workings so you can deeply understand this promising bitcoin technology. He will also cover the two main weaknesses of statechains (fixed denominations and rug pull risk) and go over his latest idea for how to fix both problems: a new insurance contract written in and enforced by Bitcoin Script. With this non-custodial insurance contract, you are either guaranteed to get your money out of the statechain or receive a payout of equal or greater value from an insurance provider. Learn how it works and how it can turn statechains into a viable layer two scaling solution for bitcoin.
