Blockstream reveals ‘Sidechain Elements’

Blockstream reveals ‘Sidechain Elements’Blockstream reveals ‘Sidechain Elements’Blockstream – a company whose goal is to create new ways to accelerate innovation in digital currencies, open assets, and smart contracts – announced Tuesday the release of “Sidechain Elements.”

In a company blog post, Blockstream CEO and co-founder Adam Back wrote that “Sidechains are decentralized, peer-to-peer networks that provide useful security, risk, and performance enhancements for global systems of value exchange that don’t need intermediaries, central banks or other third parties. They are distributed ledgers that are interoperable with each other and with Bitcoin, leveraging the most secure blockchain and code infrastructure in an additive way. Sidechains enable innovators to safely develop new applications without jeopardizing Bitcoin’s core code and putting billions of dollars’ worth of digital currency at risk.”

Blockstream reveals ‘Sidechain Elements’Blockstream reveals ‘Sidechain Elements’

Blockstream President co-founder Adam Back

Back wrote that the open-source release includes an experimental sidechain that has a number of working capabilities, and Blockstream is inviting developers to work with the company, to test and use

Read more ... source: CoinReport