Sidechains are independent blockchain networks that are linked to the mainchain, allowing transactions with lower costs and the implementation of innovative features without overloading the main blockchain. This technology allows users to move assets between the main and sidechain while maintaining high security and decentralization.
The advantages of sidechains include increased scalability, improved development capabilities, and reduced load on the main blockchain. One of the most well-known examples is the use of Bitcoin and its sidechain, Liquid, for faster transaction processing and ensuring more private transactions. The development of such technologies significantly opens up new horizons for the cryptocurrency ecosystem, enhancing user experience and offering unique opportunities for investors and developers.
