Blockstream Releases Working Sidechain Prototype

Blockstream Releases Working Sidechain Prototype

Sidechains have been in development for almost a year now and are widely regarded as ‘the Bitcoin 2.0 project’. Sidechains take decentralization to the extreme, aiming to create a protocol that will lead to more innovative decentralized applications by utilizing custom blockchain technology. After eight months of active development, Blockstream has revealed the first prototype sidechain. Sidechains will offer many useful features to institutions that want to build applications based on blockchain technology. Basically, sidechains should allow businesses to better implement peer-to-peer....


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Quotes

I think it's [Bitcoin] a technical tour de force, but that's an area where governments are gonna maintain a dominant role.

Bill Gates, founder of Microsoft