Sidechain
A sidechain is an independent blockchain connected to a main chain via a two-way bridge. It operates with its own consensus mechanism and security model but allows assets to move between chains. Unlike L2s, sidechains don't inherit security from the main chain.
Understanding the Concept
• Has its own validators and consensus mechanism • Security is independent from the parent chain • Generally faster and cheaper than mainnet • Bridge security is crucial since it connects the chains
Real-World Example
Polygon PoS is a sidechain to Ethereum. It has its own set of validators running proof-of-stake consensus. You bridge ETH to Polygon, use dApps with near-zero fees, then bridge back. However, if Polygon's validators colluded maliciously, Ethereum couldn't prevent it because Polygon has its own security model.
How Strykr Helps
Strykr tracks Sidechain developments across the crypto ecosystem. Our AI provides real-time insights and alerts to help you navigate the market with confidence.
Try Strykr Free