Side Chain

By CoinGecko | Updated on Mar 03, 2020
A blockchain ledger that runs in parallel to a primary blockchain, where there is a two-way link between the primary chain and sidechain. This allows the sidechain to operate independently of the primary blockchain, using their own protocols or ledger mechanisms. Cryptocurrencies in the sidechain is connected to the main chain with the two-way peg, allowing users to transfer their assets to and fro.

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Related Terms

Arbitrage
A strategy where investors buy a currency in a market and sell it at a higher price in another market to gain profit.
Public Keys
The alphanumeric string which serves as a public receiving address in cryptocurrencies.
Proof-of-Burn (PoB)
A consensus algorthm that assigns block validation queue based on the coins/token burned by the validator.
Central Ledger
Central data repository of a company or bank
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