Aug 14, 2019 in BlockChain
Q: What are Sidechains?

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Aug 14, 2019

Sidechains are emerging mechanisms that allow tokens and other digital assets from one blockchain to be securely used in a separate blockchain and then be moved back to the original blockchain if needed.

Sidechain functionality holds tremendous potential to enhance the capabilities of existing blockchains.

A sidechain is a separate blockchain that is attached to its parent blockchain using a two-way peg.

The two-way peg enables interchangeability of assets at a predetermined rate between the parent blockchain and the sidechain.

The original blockchain is usually referred to as the main chainand all additional blockchains are referred to as ‘sidechains’.

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