Transaction fee volatility is a problem for Bitcoin users. How can miners and others fix this UX/UI problem? Enter Alkimiya.
Welcome back to The Mining Pod! On today’s show, we’re sitting down with Leo Zhang of Alkimiya Protocol to discuss their novel trading solution for Bitcoin blockspace. Yes, you read that right! Alkimiya enables parties like wallets, miners or professional traders to take a position on Bitcoin blockspace. Widespread usage of this trading platform could enable wallets or others to issue on-chain transactions even when fees are high, balancing out the long term volatility of Bitcoin transaction fees. For miners, it might open up doors for trading a new commodity: Blockspace.
Timestamps:
00:00 Start
03:04 What's Alkyamya?
17:41 How can miners use?
22:54 How does it work?
24:31 Tech design of Alkyamya
26:05 Alkyamya & L2s
26:42 Building on Bitcoin
33:53 New Bitcoin proposals
39:11 Degen spillover
41:20 Final thoughts
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