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.

Related Terms

Full Pay-Per-Share (FPPS)

FPPS is quite similar to PPS; the only difference is that the pool will additionally pay a transaction fee incentive if the block is identified. FPPS is the same as PPS+.

Atomic SWAP

Atomic Swap refers to the exchange of cryptocurrencies that operate in different block chains without intermediaries.

BUIDL

An advice for investors to contribute new projects on blockchain rather than holding cryptocurrencies and waiting for the price to increase

Limit Order / Limit Buy / Limit Sell

Orders placed by traders to buy or sell a cryptocurrency when a certain price is reached

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