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Permissioned networks are also easier to scale, because all verifications happen in-house. Unlike Bitcoin and other so-called permissionless blockchains, where anybody can join and review the entire transaction record, bitcoin applications running on the BSN will have closed membership by default. This 'permissioned' setup is much more amenable to businesses, which typically want to share transaction data only with trusted partners.

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Um das Transaktionsvolumen auf der Blockchain erhöhen zu können, werden Sidechains gebildet. Einerseits können sie autonom neben der Mainchain existieren, andererseits sind sie aber auch mit dieser verbunden. Diese laufen neben der Mainchain her und dienen als Abzweigung von der Mainchain.

She says the government may want BSN to become central to a digital currency and payment system that would rival those services. "Most people prefer to use WeChat or Alipay," says Hong Wan, a blockchain expert from North Carolina State University. And, though China has effectively banned cryptocurrencies like Bitcoin, digital payments are wildly popular.

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Da Sidechains eigene Regeln festlegen können, kann für sie auch ein anderer Konsens-Mechanismus festgelegt werden. Dies erlaubt eine höhere Flexibilität innerhalb des Netzwerks. Folgt die Haupt-Blockchain einem Proof-of-Work-Konsens, kann die Sidechain dennoch auf Proof-of-Stake setzen.

To those unfamiliar with blockchain technology, effectively blending coins may appear to be a difficult undertaking, but it is actually a simple operation that will only require just a few minutes of your time for every deposit. It may seem pointless today, but in the not-too-distant future, anyone (friends, family, employers, and law enforcement) could easily follow every BTC transaction you’ve ever done and know precisely where it ended up.

"It is still in the testing phase." She says the BSN hasn't yet released detailed technical specifications on the platform, so she doesn't know how its creators will overcome this problem. North Carolina State's Wan, for one, fears that the platform will experience performance lag due to verifying so many diffuse transactions. The plan isn't without its critics, though. "I think we all have skepticisms about what is going on in the tech," says Wan.

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Bitcoin tumblers connect all payments to a certain public address and transfer them all at once, making it look as though the money were sent from several addresses rather than just one. Bitcoin tumbling is the process of obscuring the trace of Bitcoin exchanges by combining potentially recognizable or identifiable cryptocurrencies with others.image

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