News
Scalability is a hot investment as venture capitalists and retail pour into rollup and sidechain solutions.
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Sidechain News
Sidechain is a chain of blocks based on the main parental blockchain. Sidechains realize the new financial ecosystems via integration into Bitcoin. Relatively new to Bitcoin, the sidechain is an extension that enables the ability both to build a link between BTC and an altcoin and to create new independent services that work via the main Bitcoin blockchain. Using sidechains allows for the creation of various types of smart contracts, stocks, derivatives, etc. It is possible to develop a limitless number of Bitcoin or Ethereum-based sidechains with different tasks and features, assets of which will depend on the main blockchain’s volatility. It allows traditional blockchains to support several kinds of assets, payments, smart contracts and also to increase the level of security and anonymity of transactions.
- News
Chainlink is rolling out support for xDai, a layer-two sidechain whose perceived centralization hasn’t stopped major DApp players.
34963 - News
Six prominent crypto firms have joined the federation governing Blockstream's Liquid sidechain.
9488 - News
The pegging process no longer relies on functionaries holding custody of bridged funds.
3201 - Explained
Debate over increasing block size for blockchain scalability still goes on, but what are the main arguments from proponents and detractors?
- Unitize
During yesterday’s Unitize blockchain conference, developer Bruno Škvorc illustrated how a Polkadot-based blockchain can be launched within one hour.
7494 - Use Case
It’s no secret that cryptocurrency has a scaling issue, so we look at various ways either proof-of-work or proof-of-stake could be effective.
8066 - News
Commercial service on Crypto Garage’s Settlenet system, trialled for a year within Japan’s regulatory sandbox, is now available.
8704 - News
Developers were challenged to create a Bitcoin sidechain with the privacy features of ZCash, using Drivechain technology.
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Multi-currency and futures exchange BTSE to launch the first-ever native exchange token sale based on the Liquid Network in March 2020.
2241 - News
Blockstack announced Proof of Transfer, a new consensus algorithm for blockchains that uses Bitcoins to secure a network directly, instead of electricity.
3189 - News
Plasma scalability for the Ethereum network is now a matter of implementation, according to the non-profit Plasma Group.
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Bitcoin technology pioneer Adam Back explained that there’s a greater financial incentive to creating altcoins compared to building on Bitcoin.
3813 - News
Three major Bitcoin sidechains currently have a combined balance of over 9,000 BTC, or $71 million.
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CEO Adam Back explained users now have more options as a new update provides support for stablecoin Tether.
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