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Building on Bitcoin, part two: Sidechains, Wrapped Bitcoin

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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

Building on Bitcoin, part one: Base layer and the Lightning Network

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In our previous article, we analyzed the layered structure of monetary instruments throughout history and explained why it makes sense also for Bitcoin to develop in this fashion. In this two-part series, we will further analyze Bitcoin from a technical/developer perspective. In the first part, we will take a look at various scaling methods and … Read more