Side Chain
By CoinGecko | Updated on Mar 03, 2020
A blockchain ledger that runs in parallel to a primary blockchain, where there is a two-way link between the primary chain and sidechain. This allows the sidechain to operate independently of the primary blockchain, using their own protocols or ledger mechanisms. Cryptocurrencies in the sidechain is connected to the main chain with the two-way peg, allowing users to transfer their assets to and fro.
Related Terms
Hash
A hash function is an output code (unique and alphanumeric) that we obtain from an input string,
Blockchain
In Bitcoin's case, blockchain describes its decentralized, public ledger which contains transactional information.
Solo Staker
A Qtum PoS miner using their own coins for staking. Qtum blockchain launched with Solo Stakers and will continue to have this available after offline staking launches.
Stablecoin
Cryptocurrency with a price peg to fiat currencies or commodity.
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