Building on Bitcoin, part two: Sidechains, Wrapped Bitcoin

The Sidechain approach Sidechains are separate blockchains attached to Bitcoin’s main chain through various mechanisms. Sidechains have a protocol of their own and run on different nodes than the parent chain, but they do not issue a native token. Instead, sidechains work with a “pegged” asset, essentially a stablecoin to the parent chain’s native asset. … Read more