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Bitcoin-Basics-->View question

Explain the Ethereum as a Bitcoin sidechain.

Explain Ethereum as a Bitcoin side chain.


Asked On2022-06-10 13:32:48 by:suman

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A sidechain is a separate blockchain that runs independent of Ethereum and is connected to Ethereum Mainnet by a two-way bridge. Sidechains can have separate block parameters and consensus algorithms, which are often designed for efficient processing of transactions. Using a sidechain involves trade-offs, though, as they do not inherit Ethereum's security properties. Unlike layer 2 scaling solutions, sidechains do not post state changes and transaction data back to Ethereum Mainnet.

Sidechains also sacrifice some measure of decentralization or security to achieve high throughput (scalability trilemma). Ethereum is, however, committed to scaling without compromising on decentralization and security as outlined in its vision statement for upgrades

Answerd on:2022-06-13 Answerd By:Glory

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