A new Sidechain Proposal by Horizen — Part 1

A promising approach to building on top of existing first-layer protocols — summary of the whitepaper for readers with a general understanding of blockchain technology.

Jonas Rubel
Oct 21, 2018 · 8 min read

What is a sidechain and why would you want one?

What can you do with a sidechain?

Why does Horizen look at sidechains?

The basic concept of sidechains. Users are allowed to transfer coins between the mainchain and a sidechain to get access to the needed functionality.

So, how does it work now?

Preliminary Conclusion

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Coinmonks is a non-profit Crypto educational publication.

Thanks to Gaurav Agrawal

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Jonas Rubel

Written by

Liquiditeam Co-Founder | Horizen Community Contributor | Coinmonks Writer | Untitled-INC Member

Coinmonks

Coinmonks

Coinmonks is a non-profit Crypto educational publication. Follow us on Twitter @coinmonks Our other project — https://coincodecap.com

Jonas Rubel

Written by

Liquiditeam Co-Founder | Horizen Community Contributor | Coinmonks Writer | Untitled-INC Member

Coinmonks

Coinmonks

Coinmonks is a non-profit Crypto educational publication. Follow us on Twitter @coinmonks Our other project — https://coincodecap.com

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