October 9, 2017
While Nathan continues his adventures in Silicon Valley, now is a good time to post a pre-recorded special segment of his on Sidechains. A Sidechain, in simplest terms, is just a separate blockchain but is attached to the parent through the use of a two-way peg which allows for assets to be interchangeable and moved across the chain at a fixed deterministic exchange rate. This two-way peg works by utilizing simple payment verification or SPV as it’s otherwise known. To show and prove ownership of the assets on the parent chain.
White paper on sidechains can be found here: https://goo.gl/35aerx
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Keep on hashing!