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

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

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