First Principles of the Trustless 2 Way Peg for Sidechains

I am going to enumerate what I believe to be the ‘First Principles’ of a trustless 2 way peg for a sidechain. If you want to read about current proposals for pegs in sidechains please see my prior blog post.

The End of Life of a Sidechain

The End of Life (EOL) scenario for a sidechain is very interesting. This means that the sidechain is about to die. There are a couple scenarios where a sidechain can die

1. It could be because there was a catastrophic failure on a sidechain

The most important thing for non technical users to understand about sidechains

Sidechains are some of the most interesting technical proposals in the blockchain space. A sidechain allows you to use a blockchain’s token as the underlying asset for another blockchain. An…