A mechanism defined by BIP300 that allows people to send money to specific sidechain "buckets" on the mainchain, and then block producers to vote over a long period of 3~6 months to authorize withdrawals back from that bucket. There is also an alternative, compatible proposal.
A mechanism that allows a sidechain to anchor itself on the Bitcoin chain (therefore not needing any proof-of-work of its own) while also pushing the sum of all its block fees into a single Bitcoin transaction that can be earned by Bitcoin block producers without them even knowing. It can be implemented using either this simple method that uses BIP118 or the more involved BIP301 method.
Drivechain is born.
Drivechain is the technique for the creation of decentralized 2-way peg sidechains for Bitcoin. These sidechains can be used to improve Bitcoin in every front, including privacy, scalability, decentralization and security, and also add many interesting features not possible before that can make the world better and continue the revolution started by Satoshi Nakamoto. Join us!
A list of some good candidates of things that can be enabled as sidechains once BIP300 is activated on Bitcoin.
Important people and what they think about Drivechain.