A sidechain blockchain is a separate blockchain that is connected to a main blockchain, allowing assets and data to be transferred between them. Here are some examples based on the provided information:
Examples of Sidechain Blockchains
Sidechains are designed to enhance the functionality of main blockchains like Bitcoin and Ethereum. They often introduce improved scalability and new features. Here are a few key examples:
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Liquid Network: This is a sidechain of Bitcoin. Its primary goal is to enable faster and more confidential Bitcoin transactions.
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Rootstock (RSK): Another sidechain of Bitcoin, Rootstock is designed to bring smart contract functionality to the Bitcoin network.
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Polygon: Polygon is a sidechain built for the Ethereum network. It seeks to improve Ethereum's transaction speed and scalability.
These sidechains operate independently from their respective main chains, but they are linked through a two-way peg. This mechanism allows users to move assets between the main chain and the sidechain, providing more flexibility and options.
Table of Sidechain Examples
| Main Blockchain | Sidechain | Purpose |
|---|---|---|
| Bitcoin | Liquid Network | Faster, confidential transactions |
| Bitcoin | Rootstock (RSK) | Smart contract functionality |
| Ethereum | Polygon | Improved scalability and transaction speed |
Sidechains play a vital role in blockchain ecosystem, addressing key limitations such as scalability and functionality. By utilizing sidechains, blockchains can explore new features without modifying their main protocols.
