younagendra2
about 1 year ago  Karma: 147
What exactly are side chains?

Can someone explain what exactly a side chain works.

sidechains
DApps
LoomNetwork
younagendra2
about 1 year ago  Karma: 147
What exactly are side chains?

Can someone explain what exactly a side chain works.

sidechains
DApps
LoomNetwork

7 ANSWERS
404067129
about 1 year ago Karma: 2328

The extension of the chain chain

The extension of the chain chain

chuckhead7
about 1 year ago Karma: 60

From my understanding, a side-chain is a separate blockchain for a specific Dapp which stores just the data for that Dapp, so you can get and put data onto it while you wait for it to sync with the main chain. The goal is to be much faster than the main chain which is quite slow.

From my understanding, a side-chain is a separate blockchain for a specific Dapp which stores just the data for that Dapp, so you can get and put data onto it while you wait for it to sync with the main chain. The goal is to be much faster than the main chain which is quite slow.

absentwithoutsteve+dc
about 1 year ago Karma: 55

Sidechains are a concept grounded in the scalability debate; with the idea that not all transactions require the security of the main chain of a blockchain (and the cost involved with it).

With the concept of pegged currencies or tokens - that allow you to transfer value from the main chain to a sidechain - it should be possible to run a Dapp on a sidechain at a much lower cost. For example, a CryptoZombie token could be bought on the main Ethereum chain and then sent to a pegged contract that the sidechain knows about; once the transaction is relayed to the sidechain, that token could then become usable on a sidechain (so that you could battle it, use if in a game, trade it etc.) but with potentially no subsequent gas cost. Eventually, you could then unpeg it from the sidechain and do something else with it - or even have eventually traded it within the sidechain and the new owner unpeg it on the main chain.

A sidechain is a designation for a blockchain ledger that runs in parallel to a primary blockchain. Entries from the primary blockchain can be linked to and from the sidechain; this allows the sidechain to otherwise operate independently of the primary blockchain (e.g., by using an alternate means of record keeping)

source

Some other useful resources:
- https://letstalkbitcoin.com/e99-sidechain-innovation
- https://ethereum.stackexchange.com/questions/379/what-is-a-sidechain

Sidechains are a concept grounded in the scalability debate; with the idea that not all transactions require the security of the main chain of a blockchain (and the cost involved with it).

With the concept of pegged currencies or tokens - that allow you to transfer value from the main chain to a sidechain - it should be possible to run a Dapp on a sidechain at a much lower cost. For example, a CryptoZombie token could be bought on the main Ethereum chain and then sent to a pegged contract that the sidechain knows about; once the transaction is relayed to the sidechain, that token could then become usable on a sidechain (so that you could battle it, use if in a game, trade it etc.) but with potentially no subsequent gas cost. Eventually, you could then unpeg it from the sidechain and do something else with it - or even have eventually traded it within the sidechain and the new owner unpeg it on the main chain.

A sidechain is a designation for a blockchain ledger that runs in parallel to a primary blockchain. Entries from the primary blockchain can be linked to and from the sidechain; this allows the sidechain to otherwise operate independently of the primary blockchain (e.g., by using an alternate means of record keeping)

source

Some other useful resources:
- https://letstalkbitcoin.com/e99-sidechain-innovation
- https://ethereum.stackexchange.com/questions/379/what-is-a-sidechain

bmx_tavi
about 1 year ago Karma: 142

Put simply, sidechaining is any mechanism that allows tokens from one blockchain to be securely used within a completely separate blockchain but still moved back to the original chain if necessary. By convention the original chain is normally referred to as the "main chain", while any additional blockchains which allow users to transact within them in the tokens of the main chain are referred to as "sidechains". For example, a private Ethereum-based network that had a linkage allowing ether to be securely moved from the public Ethereum main chain onto it and back would be considered to be a sidechain of the public network.

Put simply, sidechaining is any mechanism that allows tokens from one blockchain to be securely used within a completely separate blockchain but still moved back to the original chain if necessary. By convention the original chain is normally referred to as the "main chain", while any additional blockchains which allow users to transact within them in the tokens of the main chain are referred to as "sidechains". For example, a private Ethereum-based network that had a linkage allowing ether to be securely moved from the public Ethereum main chain onto it and back would be considered to be a sidechain of the public network.

balresch

I think you might be mixing people creating their own tokens on the ethereum chain with dapps using sidechains.

Mar 13 '18 at 3:51 pm
kenseikyoka
about 1 year ago Karma: 817

https://blockgeeks.com/guides/blockchain-scalability/

Sidechains are an advanced way of scaling blockchains so that they have more power and more space.

https://blockgeeks.com/guides/blockchain-scalability/

Sidechains are an advanced way of scaling blockchains so that they have more power and more space.

joosfilip
about 1 year ago Karma: 35

In a few words, I believe side-chains are part of the main blockchain technology that allows a different scalability and also allows a mutual interoperability.

In a few words, I believe side-chains are part of the main blockchain technology that allows a different scalability and also allows a mutual interoperability.

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