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Sidechains are additional chains to the primary blockchain enhancing the scalability.
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These sidechains have their own consensus algorithms, native tokens, and protocols.
Ever since blockchain came into being, it faced a big challenge of scalability. Right off the bat, experts boasted about the ledger’s security and transparency. However, they knew that it could never be as mainstream as PayPal or Netbanking. That’s because it can’t execute voluminous transactions in a matter of seconds. That’s why developers had to come up with different solutions. That is how sidechain cames in; an innovative concept that aims to resolve this issue.
Exploring Sidechain
Adam Back, the inventor of HashCash and CEO of Blockstream introduced it first. On October 22, 2014, he released an academic paper that explained sidechain. He was joined by other renowned Bitcoin engineers like Mark Friedenbach, Matt Corallo, and Luke Dashjr. Notably, some authors of this p
We współpracy z: https://www.thecoinrepublic.com/2023/11/26/everything-to-know-about-sidechains-their-capability-and-scope/
