This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host.
This article is the last in a series diving into the major sidechain designs that exist for Bitcoin. It is highly recommended to read the preceding pieces before this: (1) Spacechains, (2) Spacechain Use Cases, (3) Softchains, (4) Drivechains, (5) Federated Chains.
What are sidechains in a nutshell? Blockchains that allow you to move your bitcoin from the Bitcoin blockchain to this other sidechain. Therein lies the issue and the difficulty with designing a sidechain — you can't actually do that. You can't move bitcoin from the Bitcoin blockchain to another blockchain; that's not possible because the only place your bitcoin actually exists is on the Bitcoin blockchain. They can't actually exist anywhere else. All that is really possible to do is to lock your bitcoin in some way on the Bitcoin blockchain and then create other tokens on a different chain to...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...