Opinion
Web3 has had severe scalability concerns. But application sidechains have emerged as a viable answer to crypto’s most persistent problem.
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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.
- Altcoin Watch
AXS and RON price are turning bullish as excitement builds for the launch of Axie Infinity: Origin.
13546 - Sponsored
With the support from a growing community, a decentralized marketplace for computing assets provides high-performance services foundational to the next-gen internet.
1120 - News
Ethereum addresses have steadily increased since last year, but daily transaction volumes and the number of whales on-chain are decreasing.
5404 - Altcoin Watch
Polkadot (DOT) price crashed both times its futures open interest clipped $1 billion. Should traders expect a correction now that open interest is over this figure?
24129 - Altcoin Watch
DOT hits a new all-time high as Polkadot’s parachain auctions approach, and the ever-expanding Metaverse could be behind the gains seen in CHR and THETA.
30502 - Market Analysis
ETH price recaptured the $3,800 level and derivatives data signals bulls are well-positioned for Friday's $385 million options expiry.
13061 - Altcoin Watch
The gaming token, which reached $150 in the early UTC hours of Monday, risks correcting below $90 as a key technical indicator identifies its overbought conditions.
14618 - News
Germany joins countries such as France, Luxembourg, Spain and Portugal by greenlighting the Bitcoin-based EXOeu token.
8761 - Altcoin Watch
Steady development and strong fundamentals suggest a DOT rally toward a new all-time high is in the making.
20547 - Altcoin Watch
Strong fundamentals on the development side and derivatives data suggest that the DOT price could extend its 100% rally over the short-term.
32592 - News
Karura Swap has opened trading for the Kusama/Karura — KSM/KAR — pair as the platform becomes one of the first DEXs to launch on Polkadot and Kusama.
8596 - Expert Take
Understanding the available data and current standings for the parachain auctions on Kusama.
7215 - News
The Polygon team is set to launch a data availability solution for sidechains and layer-two protocols.
5958 - Sponsored
A blockchain application platform has unveiled an ambitious roadmap for interoperability at a two-day conference held especially for developers.
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