Crypto Simplified: Explaining Sidechains
Quick Take
- Sidechains are a clever workaround to implementing new features without launching an entirely new token
- Projects are trying to make Bitcoin work faster while extending its capabilities
- One major challenge is creating incentives for miners to participate in sidechains
The launch of Blockstream’s Liquid Network brings with it a resurgence of questions surrounding sidechains. As with everything we do here at The Block we are going to take a “Crypto Simplified” approach at explaining sidechains. What are sidechains? In simplest terms, sidechains are a separate blockchain attached to the main blockchain, or main chain, through the […]
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