newsbtc.com / Sarah Jenn /
If you’ve been keeping track of developments in the bitcoin industry, you’d know that the blockchain refers to the public ledger of transactions associated with the cryptocurrency. As the bitcoin ecosystem has grown in size and scale throughout the years, the blockchain has also increased considerably in length and storage size, prompting debates on whether or not to increase its block size limit.
This has led to the concept of a sidechain, which are separate from the main bitcoin blockchain but would be interoperable with a two-way peg. This could allow for the transfer of assets between the sidechain and the main blockchain, without eating much storage space.