I have private block chain - tweaked bitcoin blockchain with a private coin by creating a Genesis block. Lets call it "PrivateCoin"
I also have a sidechain elements/alpha instance, I effectively transferred PrivateCoins to sidechain using the two way pegging. The transfer is successful and I am able to spend the "PrivateCoin" in Sidechain. (Did some dirty hacks for address format, chainparams to accomplish it! Though no validation was compromised)
I see sidechain pegging is very Bitcoinish! Hope it will soon be clearly configurable for private coins.
Now the questions,
Can sidechain mint have its own asset such as a"SideCoin", so that "SideCoin" and "PrivateCoin" can co-exist? If Yes, How to? Strategy?
Can we create "SideCoin" at a deterministic exchange rate for the "PrivateCoin"?
Ex: If I peg transfer 10 "PrivateCoins" from the parent chain, I would like to create 200 "SideCoins" at a exchange rate of 1:20. If this is possible.
How to? Is it readily configurable in sidechain -or- should be coded in ?