The hardest part might be getting hardline bitcoiners – sometimes known as"maximalists" or"maxis" – to use the new protocol since it's built atop the"While we recognize that Bitcoin maxis may initially hesitate to use an Ethereum-based solution, our primary focus is on creating the most robust and efficient marketplace for trading Bitcoin transaction fees," Alkimiya founder and CEO Leo Zhang said in an email interview with CoinDesk.
Bitcoin"mining companies, facing high operating costs, are increasingly seeking hedging instruments to protect against fee volatility," said Alkimiya in its press release. Notably, however, Bitcoin lacks the programmability of Ethereum, which came along in 2015, founded mostly by developers, including Vitalik Buterin, who had previously worked on Bitcoin.Here's how Alkimiya works, according to the project's documentation:"Alkimiya users can enter Buy and Sell positions for any pool. These Buy and Sell positions are represented by NFTs called Long and Short shares.