Questions tagged [sidechains]

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41 views

Claiming liquid peg-in: „The txoutproof must contain bitcoinTx and only bitcoinTX“

I‘m trying to do a liquid pegin. Generated the pegin address and sent funds to it, waited < 102 blocks. When trying to claim them with liquid-cli claimpegin “rawtransaction“ “txoutproof“ The ...
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42 views

Where would I test the Liquid Network at testnet?

I would like to test Liquid Network functions with recently announced Liquid Core. Can be Liquid Network used for Bitcoin testnet?
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1answer
38 views

How to burn confidential assets or pegged bitcoin on Bitcoin Liquid sidechain

I used to burn bitcoin sending to a bogus address like 1111111111111111111114oLvT2 There is any equivalent confidential address for Elements/Liquid?
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194 views

Why is liquid so inactive and (according to statistics) not being used yet?

After years of development 3 Months ago Liquid (the side chain project) was announced. If you look at https://liquid.horse/ you can find the following statistics as of right now: Sidechain Stats ...
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1answer
39 views

Transaction deserialization test vectors for Elements sidechain?

I'm working on adding support for Elements sidechain to https://github.com/Simplexum/python-bitcointx/ library. Transaction serialization/deserialization seems to be working, but to test it properly,...
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1answer
55 views

Is there a way to verify how many Liquid Bitcoins are in existence?

Is there a way to recognize peginaddresses where bitcoins are locked up for use on the Liquid sidechain, and therefore a way to sum up the total bitcoins currently circulating on Liquid?
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1answer
52 views

How long do transactions on the Liquid Network take to clear?

Transactions on the Liquid sidechain are said to enable much faster transfers than the main Bitcoin blockchain. How fast are the the transfers? Does it still use a blockchain?
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1answer
43 views

What is the relationship of the Lightning Network and the Bitcoin protocol?

Is Lightning running on the Bitcoin protocol or on another blockchain? Is is something like a sidechain? Where are the bitcoins in the Lightning Network stored?
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46 views

What happened to Sidechains [closed]

Seems like the interest to work on Sidechains has died in favor of lightening and segwit ( I might be wrong about this, that just seems to be the vibe I get from social media and seeing what kind of ...
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1answer
76 views

Transactions in Sidechain

Suppose I have my own sidechain and have created a transaction of 100 BTCs from Bitcoin network to my Sidechain. To my understanding, this means 100 BTCs are now locked on Bitcoin Network and 100 ...
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1answer
108 views

How can I create a node on Liquid Sidechain?

I want to create a node on Liquid Sidechain so that I can integrate Liquid Network with my decentralized exchange.
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59 views

Bitcoin blockchain to directed acyclic graph two-way peg

Are there any known technical or security related reasons why it would not be possible or safe to implement a two-way peg between the Bitcoin blockchain and a directed acyclic graph of bitcoin ...
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45 views

How do bitcoins get back to the main chain from a side chain?

I understand how bitcoins can be sent to a sidechain. The sidechain can be very main-bitcoin aware and validate that the bitcoins have been sent to a special type of side-chain address for that side ...
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136 views

Blockchain Recent Scaling Proposals : (Sharding, blocksize , SegWit, GHOST, Lightning, multichains, sidechains, DAGs)

What are some recent scaling proposals worth note? (Continually Updated)
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125 views

How can there be block mining rewards in Rootstock?

I'm trying to understand Rootstock a little better, and am still not sure about the mining rewards they mention in their white paper: RSK uses the DECOR+ block reward sharing scheme to reduce ...
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2answers
350 views

Would it be possible to do atomic swaps with Monero and Bitcoin?

Litecoin and Vertcoin is currently testing out atomic swaps with Bitcoin as of 2017-08. Would atomic swaps be possible with Monero?
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2answers
544 views

Can someone ELI5 to me for Bitcoin Atomic Swaps?

I'm reading up the wiki page here: https://en.bitcoin.it/wiki/Atomic_cross-chain_trading I understand a user can create a transaction without signing it and not broadcasting it to the network. I know ...
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1answer
1k views

What are sidechains and drivechains?

Altcoins have existed for many years and there are many hundreds of different ones already. A more recent concept is sidechains and drivechains. What are sidechains and drivechains? How do they ...
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93 views

Will the Liquid sidechain be open to any user?

With the recent start of the private beta of Liquid, the first sidechain is now in production on the Bitcoin network. One of the features advertised is: User Control – Users can hold their ...
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1answer
131 views

Is SegWit a step in the direction toward implementing pegged sidechains into Bitcoin?

Is Segregated Witness a step in the direction toward implementing pegged sidechains into Bitcoin?
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509 views

What is the proposed solution to solving the 2 way peg with Sidechains?

I'm trying to understand how a sidechain would work with Bitcoin using a 2 way peg. From my understanding the Bitcoin 2 way peg works like this: A bitcoin is sent to an address that the sidechain can ...
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1answer
88 views

What constitutes a project to be a Bitcoin Sidechain?

From my understanding sidechains require the parent blockchain (bitcoin) to be able to lock a certain amount of coins on the sidechain. My question is how is it different from just sending your btc ...
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1answer
978 views

Does rootstock need segregated witness to work?

Does Rootstock need segregated witness or any other bitcoin improvements not currently included for it to work?
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1answer
91 views

Can sidechains be used for fiat currencies?

How could sidechains be used for auditing fiat transactions? How would the accounting transaction in fiat and the record in a journal be merged?
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4answers
315 views

Alt coins as Bitcoin sidechains

So I was reading this discussion today and came across this concept: Monero, Litecoin, Ethereum ... will be Bitcoin sidechains before long, and as there's no additional value to having standalone ...
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3answers
266 views

Are there any other blockchains that can spawn child-chains within their own blockchain like NXT's Ardor platform?

NXT is transitioning into a child-chain or sidechain type of blockchain as a service model. I know Bitcoin has the ability to issue colored coins on counterparty and colorcoins, but is there something ...
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1answer
102 views

Proof of Identity Sidechain Proposals

I have seen various Proof of Identity Proposal that all required some degree of trust (to verify the person in physical possession of a Passport is also the owner of it for example). Have their been ...
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2answers
130 views

Micro-payments definition and ideal platform

Have developers come close to reaching a consensus on either: The definition of micro payments? Whether micro-payments ideally belong on the main chain or side chains?
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752 views

How would SPV proofs be verified when moving assets back in 2-way pegged sidechains?

I've seen similar questions posted all around, but haven't found an answer I can comprehend. Ok, so the process of 2 way pegging is: I move some coins to OP_SPVPROOFVERIFY on the parent blockchain. ...
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1answer
19 views

starting alphad what is the correct rpcconnectport

following the instructions in the alpha-README.md file on GitHub in step number 2, to start alphad it is suggested to do: ./alphad -rpcuser=$RPC_USER -rpcpassword=$RPC_PASS -testnet -rpcconnect=127.0....
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28 views

sidechains: alphad, claim-on-sidechain error from alpha-tx: not found

following the instructions in the alpha-README.md file on GitHub got an error on the claim-on-sidechain part anyone dealt with it before? ./elements/contrib/sidechain-manipulation.py claim-on-...
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2answers
405 views

How thoroughly has Segregated Witness been tested?

I've encountered claims that Segregated Witness was "not really tested" and is being "rushed". It is my understanding that SegWit had been running on Elements for more than half a year already, and ...
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1answer
94 views

I want to launch my own simple sidechain pegged to bitcoin for testing purposes. Can it be done?

I've been reading about Blockstream and Liquid but I was under the impression that sidechain was something that would require changes to the Bitcoin Core platform. Is that correct? I mean, is the ...
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1answer
295 views

What are the segregated witness tradeoffs?

Segregated witnesses sound like a win in a lot of ways, I'm just trying to understand how they apply to scalability. If I understand correctly, there is a second Merkle tree of witnesses mirroring the ...
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3answers
1k views

Would sidechains help Bitcoin scale?

Are sidechains intended to help Bitcoin scale? Do they reduce load on Bitcoin's main chain? If not, why not?
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1answer
179 views

Can bitcoin and altcoin co-exist in sidechain? If Yes, strategy

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 ...
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1answer
369 views

How are the assets locked and unlocked trustlessly using sidechains?

I am reading sidechains white paper and in section 3.2 Symmetric two-way peg they mention that: "The parent chain coins are sent to a special output on the parent chain that can only be unlocked by ...
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1answer
188 views

Pegged transfer from private blockchain to sidechains - Issue

I am trying to do a pegged transfer from one of my private blockchain to a sidechains using sidechain-manipulation.py (https://github.com/ElementsProject/elements/blob/alpha/contrib/sidechain-...
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4answers
2k views

What is “fed-peg” and “predefined functionaries” with sidechains?

I am reading about side-chains, and what I read in this article is: The initial sidechain included in Sidechain Elements works on a federated security model; while it’s still peer-to-peer and ...
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2answers
444 views

Bitcoin nodes voting

I'm just watching Adam Back & Gregory Maxwell: Blockstream and Sidechains interview, and wondering how the decision of further Bitcoin core development are made. I know about Bitcoin Foundation, ...
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2answers
205 views

Bitcoin spend before received

When browsing the blockchain.info I came across this address. It seemed peculiar to me, that the amount of 0.6 BTCs has allegedly been spend before received. Is it because the "receiving transaction"...
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1answer
326 views

How to reissue a currency you own in NXT Monetary System (Sidechains)?

I registered a monetary system currency on the NXT platform and made it exchangable as one of the properties. But now I want to make it reservable for a crowdfunding campaign. How do you reissue the ...
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1answer
276 views

Is it likely that side-chain support will be added to Bitcoin?

Is it likely that side-chain support will be added to Bitcoin? As I understand it, side-chain support will require a hard fork to Bitcoin to support this functionality: "moving" BTC to external ...
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0answers
126 views

What restrictions does merged mining place on the sidechain?

What restrictions are imposed by merged mining on the structure or functionality of a side chain (besides it having to use the same PoW schema)? For example, could the side chain have a higher block ...
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1answer
397 views

Mining on Pegged Side Chains

How would mining, theoretically, work in Pegged Side chains? If mining can be done on these side chains, then it seems like too many coins could be created. And once they were used in transactions, ...
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1answer
1k views

What are 'pegged' side chains are and how they will be useful for Bitcoin?

What seems to be a very important paper was released this past week (http://www.blockstream.com/sidechains.pdf). It centers around the idea of 'pegged' side chains, and being able to move coins from ...
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1answer
254 views

Can side chains or “pegged” chains negatively affect the security of Bitcoin?

Regarding the concept of side chains or "pegged" chains which has been discussed since as early as 2011 and explored in this white paper, how can these negatively affect the security of Bitcoin? ...
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2answers
857 views

Are sidechains really new?

People have been talking a lot about side chains, but I thought this has been around for a while under a different name. Coins like Namecoin, Devcoin, ixcoin, i0coin, groupcoin, etc are all merge ...
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4k views

How is a side-chain merging back to Bitcoin chain protected against double-spend? Where are the side-chain mining fees?

I am struggling to understand the concept of "side-chains" that's discussed a lot lately, but never trully explained. How I understand "side-chain": it's an altcoin, with a separate blockchain, with ...