Tags: Sidechains

Botanix Labs founder Willem Schroé argues a “huge amount of value” from real-world assets will be captured on Bitcoin, provided it connects to the Ethereum Virtual Machine.

The proposal would allow other blockchains to be built on the Bitcoin network. In August, a core developer rewrote the proposal’s code and requested it be added to Bitcoin’s codebase, sparking new debate over its merits.

A supernet or umbrella network combines multiple smaller networks or blockchains into one larger network.

Rally blamed its sidechain’s demise on "macro headwinds."

An anomaly apparently caused around half of Cardano’s nodes to disconnect and restart over the weekend, with the root cause still under investigation.

The toolkit will allow for creators of sidechains to choose their own consensus mechanism and other application-specific features, whilst inheriting the security of the main chain.

The project claims its Bitcoin sidechain can unlock “hundreds of billions of dollars” in DeFi on bitcoin.