So i have been trying to conceptualize how this dual blockchain will function in practice. Now I can finally picture it more clearly and am curious if my view is correct or practical for that matter. This came to me while commenting on an article about lightning network. -- lightning on square -This article.
And my idea of this second layer for scalability is how I imagine Soferox will ultimately function. ( it will be helpful if you read the article in the link provided)
When the bulk of segwit-coin btc is ultimately tied to major hubs. Would it be possible for the primary off-hub users to determine which coins are trading on hub and fork their coin once again? Except their hard fork this time around excludes all on-hub holders from claiming their coins in the new fork.
I say this because it appears that they may be viewed as two separate coins in a way anyhow. Sort of similar to paying someone with cash vs. paying with a check.. Everyone knows that cash is king in this circumstance. However the problem would be that BTC would continue to gravitate towards hubs to pay for mainstream services. Which would mean that they can continually release funds back to the existing on-chain existence. For a profit of course. Seeing as the on-chain cash equivalent may contain more liquid value. But at the same time be susceptible to price manipulation via hubs. Hmmm... Also, they will likely know who has what funds anyhow unless they are using alternate addresses than those with any link to a specific hub or spending pattern....
Furthermore, lightning network can then seemingly exist currently with BCH in the same way an exchange operates currently, as a centralized trusted platform. There could even be a separate blockchain to record internal holdings that is public and verifiable. Of which the funds can only be released to the address that they are designated to on the main BCH blockchain and only upon request from the holder of the private key to said address. The idea is like that of a decentralised exchange that is blockchain based but only exchanges one currency. Is this a viable option to increase both security and scalability without slowing down BCH transaction times? Especially seeing as there are already zero conformation transactions being accepted without issue? Is this how Soferox might function as well?