Side Chain
By CoinGecko | Updated on Mar 03, 2020
A blockchain ledger that runs in parallel to a primary blockchain, where there is a two-way link between the primary chain and sidechain. This allows the sidechain to operate independently of the primary blockchain, using their own protocols or ledger mechanisms. Cryptocurrencies in the sidechain is connected to the main chain with the two-way peg, allowing users to transfer their assets to and fro.
Related Terms
Bull Market
A bull market indicates the direction of the market going in an upward trend.
Yield Farming
Yield farming involves putting cryptocurrency into a DeFi protocol to collect interest on trading fees.
Blockchain
In Bitcoin's case, blockchain describes its decentralized, public ledger which contains transactional information.
Immutable
A property characterized by inability to be change and stays unchanged over time.
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