LayerTwoLabs on Nostr: What is a #bitcoin sidechain? A Bitcoin #sidechain is an independent blockchain that ...
What is a #bitcoin sidechain?
A Bitcoin #sidechain is an independent blockchain that can securely transfer bitcoins internally and from/to the Bitcoin network without supporting a money token different from #BTC.
Sidechains become a testing ground for new ideas and experimentation on Sidechains/#L2s enabling more functionality for bitcoiners without any risk to mainchain/#L1.
Published at
2023-10-02 20:38:57Event JSON
{
"id": "564d4fbeac19e77c91eea2d1043dbad006829b0131780eee622954e8694a515a",
"pubkey": "9e590cb99205c70d85380b40ed32392a7423b8b003c8b3d8336d958e6dc746af",
"created_at": 1696279137,
"kind": 1,
"tags": [
[
"t",
"bitcoin"
],
[
"t",
"sidechain"
],
[
"t",
"btc"
],
[
"t",
"l2s"
],
[
"t",
"l1"
]
],
"content": "What is a #bitcoin sidechain?\n\nA Bitcoin #sidechain is an independent blockchain that can securely transfer bitcoins internally and from/to the Bitcoin network without supporting a money token different from #BTC.\n\nSidechains become a testing ground for new ideas and experimentation on Sidechains/#L2s enabling more functionality for bitcoiners without any risk to mainchain/#L1.\n\n \nhttps://void.cat/d/NxWwijvLPrS2cQc4edsszT.webp",
"sig": "799b6e91944c73157415e5151c7d64fdec84a25a429e2866c7d5e017cd73dc48e5c0eb813f5b201327a92b18f98ec90188564160b4daa938a00ef95a19c2b3be"
}
