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Thursday 23 October 2014

Sidechains White Paper Imagines New Future for Digital Currency Development

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Sidechains


A group of bitcoin core developers and cryptographic technology experts have released a new proposal that could reshape the digital currency ecosystem if implemented.


The sidechains concept has long been argued as a solution to what many see as a volatile and self-damaging sector of the cryptocurrency ecosystem. Described by some as the “altcoin killer”, sidechains allow for the creation of multi-block chain ecosystems in which assets can be exchanged and transferred.


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