blockchain | 2018-02-09T22:15:50+05:30

#AskSkcript: What are 'Side Chains' in Blockchain?

Hellonext, Inc.

Karthik Kamalakannan

Ask Skcript is an advice column for people to understand complex technology in a simple way from us. We try to keep the answer as simple as possible.

Q: What are Side Chains in blockchain? How are they used in real-world?

A: In simple terms, Side Chains are small blockchains that can inherit tokens from a primary blockchain with its own tokens. The process in which this token sharing happens is called Side Chaining.

When one blockchain allows its tokens to be securely used in another blockchain (which is in a different network with a whole different set of smart contracts), the mechanism is called Side Chaining and the blockchain that is receiving this secure shared token in called a Side Chains.

Currently, platforms like Simpletoken make it easy for anyone to create a Sidechain.

You can interact in our Blockchain Forum with more questions.

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Last updated: May 23rd, 2023 at 3:38:44 PM GMT+0

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Karthik Kamalakannan

Karthik is the Founder and CEO of Skcript.

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