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.
Web3 has had severe scalability concerns. But application sidechains have emerged as a viable answer to crypto’s most persistent problem.
Deconstructing sidechains — The future of Web3 scalability
AXS and RON price are turning bullish as excitement builds for the launch of Axie Infinity: Origin.
Axie Infinity (AXS) price reverses course with 50%+ gain ahead of Origin launch
With the support from a growing community, a decentralized marketplace for computing assets provides high-performance services foundational to the next-gen inte...
Decentralized marketplace releases a portal to strengthen community involvement through a voting tool
Ethereum addresses have steadily increased since last year, but daily transaction volumes and the number of whales on-chain are decreasing.
18.36M Ethereum addresses joined the network in 2021
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 fig...
Data shows Polkadot crashes after reaching $1B open interest — Will it happen again?
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.
Upcoming parachain auctions send Polkadot to new ATH, while CHR and THETA follow
ETH price recaptured the $3,800 level and derivatives data signals bulls are well-positioned for Friday's $385 million options expiry.
Ethereum price hits $3,800, boosting bulls' control in Friday's ETH options expiry
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 conditi...
Is Axie Infinity overheating? AXS price hits record high following 100% QTD rally