The sidechains concept has long been argued as a solution to what - TopicsExpress



          

The sidechains concept has long been argued as a solution to what many see as a volatile and self-damaging sector of the cryptocurrency ecosystem. Described by some as the “altcoin killer”, sidechains allow for the creation of multi-block chain ecosystems in which assets can be exchanged and transferred. ..But unlike the current means of acquiring the assets of an alternative block chain – purchasing altcoins on an exchange – bitcoins swapped with a sidechain’s assets wouldn’t necessarily be subject to the frequent price fluctuations inherent in the altcoin market. If one transferred their bitcoins to a sidechain’s asset, it would still hold the value of a bitcoin because of a two-way peg linking the block chains..
Posted on: Fri, 24 Oct 2014 07:57:02 +0000

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