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And only just make a video on how to mine them how to set up the wallet and where to sell them but I actually received a message yesterday talking about Sky Doge and that I should probably look into their technology underlying it so on Discord I just had a Message from the Casper Discord that said something along the lines of do you want to talk about Sky Doge there’s some good technology underlying it and here we have a message that just says saw your video and it basically talks about this single drive chain which is Implemented into Sky Doge and I believe that is the first one to implement drive chain as this person says here it’s Uncharted Territory when it comes to Tech as no one has had the balls that actually implement it into running a network until Sky Doge as far as I’m Aware it’s an old Bitcoin proposal from when altcoins were just becoming a thing and then I just asked him what the Bitcoin proposal was and it’s 300 and 301 so I didn’t really do as much research in my previous video because I thought this was just a meme coin like Pepe W which doesn’t really serve a use case and doesn’t really have any implemented technology that could be better than other coins however Sky Doge does actually have this drive chain Fork which is from as it says there VIP 300 and 301 so I did a bit of research into This drive chain Bitcoin proposal and it actually looks like it could be a very good underlying technology which Sky Doge has actually adopted here now I know it’s unfortunate that it’s named Sky Doge because people basically look at it and say that’s just a meme coin however the technology in drive chain is Kind of Uncharted Territory as they said in the message now I’ve been in cryptocurrency for a while and I’ve never heard of drive chain but I only started getting into technical type of cryptocurrency instead of like looking at random coins I’ve actually gone over to the technology energy side and Started to read into you know white papers and stuff like this so I’ve missed out on this VIP proposal and as it says here it allows Bitcoin to create delete and send Bitcoin to and receive Bitcoin from layer twos called side chains side chains are altcoins that lack a native coin instead pre-existing Coins from a different blockchain must first be sent over once on a side chain coins can be changed hands and unlimited amount of times and an unlimited amount of new ways thus BTC owners can opt in to new features of trade-offs meanwhile the bitcoiners who don’t opt in never need To care about what the any other side chains are doing so I know that that seems like it’s not really explained very well however they do have a video on bitcoin magazine it’s only got 6.5 K views so I’m kind of speaking to a smaller audience that would probably Already know about this however I’m trying to widen that audience and provide informational content for you guys and here is a kind of just a concept of what a sidechain would look like so you have Bitcoin here and then on the side chains you have the ethereum and bit Monero so these side Chains can be anything basically any other cryptocurrency so it basically could end all coins if they decided to roll everything into this vip300 and create side chains for you know ethereum Solana Monero or any other coins basically that aren’t Bitcoin obviously the Bitcoin austroots they’re kind of Just the same as Bitcoin so you wouldn’t really want to implement them but in theory you could have all the altcoins on different side chains of Bitcoin and it’s actually interesting that they didn’t implement this because it’s kind of like a big technology that I think more people should know about Realistically in the space so that is kind of the concept right here just ethereum here and then it turns into a bit ethereum or bit Monero and they function exactly as those chains so I don’t actually know in terms of block tag if they could do it I know it’s for Every other blockchain so block tag might be harder to implement and in this message that I received it also says here the guy developer and it actually requested exchanges not to list until they were sure it was close enough to being ready for the side chains to work And then up here it says it to sum it up it’s like they’re using cadena’s multi-chain but every chain has separately programmed and merge mined with the rest of the sky Doge Network while having Sky Doge as the Chain’s main coin so one chain could be blank The main chain one could be evm one could function like Monero one could Implement a block tag if physically possible but under all the same umbrella token or coin I guess which in this case would obviously be Sky Doge then it says instead of having programmable transactions like smart contracts it’s Programmable side chains so when we go back here it goes over a bunch of things in this proposal and this is kind of what it looks like as a base layer so you have bit Monero moving on top of this Bitcoin call and then after a while it would actually include this three Month period I believe they said in the actual proposal and it would be put into one of the hashes in a Bitcoin block and then that would contain the information from the other chains which would then allow you to basically have The Ledger of all of the chains implemented into Bitcoin for you know further security and you know you can go through that hash and then you could go on to the second layer and look at all the transactions in that hash it’s kind kind of hard to understand and if I’m not getting it across just please leave a Comment I’m new to this kind of technology so I don’t exactly know at a very technological level how it works this is just an overall generalization and then the other thing that I wanted to talk about with this drive chain is that mining incentives actually would increase so what happens is if you Create Bitcoin and you’re mining it and then you create a side chain you could actually collect all the fees from all the side chains and it would go directly to the miners instead of the fees like Solana is just fees to the network you would have fees that would go into The blocks that you mined like on bitcoin and the miners would be able to share the transaction fees from all other cryptocurrency side chains on the network and this is all done within Bitcoin or as we have it implemented here in Sky Doge so as it says there Better for everyone so users eventually get every feature of every crypto coin so a lot of cryptocurrency coins are just like kind of duplicates of each other so that I think there’s only probably about I don’t want to say a rough estimate but 200 coins that actually have Unique Kind of technology That you could Implement in and the rest of them are just copies of these coins under a different name basically but you’d get every feature of every crypto coin if you wanted to build the side chain out investors permanent solution to the problem of rival coins and hard Forking so you know just like Bitcoin cash and stuff like that mine is automatically collect transaction fees from all chains at once no node software needed and then lastly developers freedom to manage your own blockchain so the side chains aren’t affected by Bitcoin at all or Sky Doge in this case It would actually give developers freedom to develop their own chain I know they’re clearly developing their own chains like so they could just develop it on top of Sky Doge so the only problem with the mining of this and then getting your actual transaction fees through is it’s on a vote basis on Hash power on the network so in practice anyone who wants their money back will be able to use an atomic swap so these transaction fees are all collated into one transaction and then it’s split after six months into all the miners however as it says here no but in Practice anyone who wants their money back will be able to use an atomic swap submarine swap or other similar services to transfer funds from the sidechain to the main chain and vice versa the long delayed withdrawal cost would be incurred by few liquidity providers that would gain some small profit from it so In theory if you had somebody who held a lot of these other side chain coins they could provide liquidity and the miners could trade their liquidity right now for their chance at the Block in six months obviously you’d incur a fee of that but it’d be very good to see miners Getting way more transaction fees because it would be more incentive to decentralize the hash rate I know Bitcoin sash rate is pretty decentralized at this point but it gives further decentralization to the hash power and then it says here that miners can steal yes if a group of coordinated Miners are able to secure the majority of the hash power so they’re talking about a 51 attack here and keep their coordination for six months they can publish and take the money from the side chains and pay themselves so that’s unlikely to happen on bitcoin that People would take over 51 of the hash rate for a coordination of six months so as I said Sky doge is actually implementing this into it I’m gonna do some further research I’m going to look at some more white papers and some videos around this but I just wanted to Give you an overall kind of generalization of what this underlying technology of Sky doge is because as I said I thought it was just a meme coin that we could mine and be profitable on however there’s actually some good technology there that even if It wasn’t on Sky Doge and it and as I said it’s unfortunate that it is a meme coin name it could be implemented into a different cryptocurrency and that could be utilized to make side chains now there is some problems that I’ve run into looking further into Sky Doge the Technology behind it is great like that is a great technology that we could use this drive chain technology and it could be implemented into Bitcoin maybe if they had a re-proposal of it however the only problem that I have with Sky doge is this on the network 10 billion skydo Which was pre-mined 4 billion of those coins were minted for the exchange of coins that were mined on this sha and witch Network and the other remaining 6 billion was allocated for further development of skydoge so there’s already been a pre-mine on the network as you know in proof of work if you’re Looking for a really Fair coin you don’t want pre-minds or pre-allocations you want something that from the start anyone can start mining some people had that problem with iron fish because it was a test net but they did There’s in a way that anyone could access it if they Wanted to the latter include 1 billion to the founder so we don’t really want 1 billion going to the founder you know Bitcoin was built on a free-for-all kind of free market and one billion to the founder basically means that like you could sell off at any time one billion To the technical development team as again I said that one billion to the business growth and Market management team which I believe certainly should all come through donations like if you want to take the model that Casper uses they do all their stuff through donations of the community and their proposals are Voted in the Discord and then one billion for airdrop I don’t like airdrops promotions or Community expansion and 2 billion reserved for exchange expansion foundation and future development so those kind of things I have a red flag with Sky Doge for but the underlying technology does look to Be really good I’m gonna do some more research into it and see what I can dig up but I just wanted to make you aware that skydoge I think is still profitable if we click on hash rate no here we have some of the top profits coming from Pepe W obviously a meme coin which had their thing with their wallet where it wasn’t safe or they reverted back or something like that and then we have Novo here which I think I’m gonna start making a video on because it’s really good on AMD cards and then down here we have Sky Doge which is profitable so overall an interesting technology which I didn’t really know about and I don’t feel like a lot of people in the community would know about this technology either so I’m hoping that I educated you guys a little bit and kind of inspired you to Do some real research on this drive chain technology as I think it could be something in the future that could be one of these revolutionary Technologies like we have with Casper coin and block tag this could be another iteration of these new up and coming Technologies so As I said again if it’s profitable to mine Sky Doge then you should go ahead and mine it the underlying technology is good but the pretty mine and stuff like that is kind of a red flag for me you know I don’t think they have any ill Will for the queen or ill intent for the coin I just don’t agree with three mines and pre-allocations so that’s it for the video guys if you did enjoy it and you learn something new then please leave a like And subscribe to the channel and I’ll leave links to all these sources in The description below In this video we talk about drivechain tech which is implemented into this new skydoge coin.it would allow for all coins out there to be on one network.bitcoin had potencial to impelement this but the voted against it.Join the discord – https://discord.gg/85BycRgye8 Twitter – https://twitter.com/SterlingSpecter Medium – https://sterlingspecter.medium.com/ Sources: https://skydoge.net/plan.html https://fiatjaf.com/drivechain.html http://bip300.info/ https://en.bitcoin.it/wiki/BIP_0300 Please like the video and subscribe to the channel for more crypto mining videos! #kaspa #nexa #dynex #radiant #bitcoin #flux #clore 00:00 Talking Skydoge 01:29 Drivechain Explained 09:49 Problems With Skydoge 11:36 Daily Mining source.