Crypto News: Federated Sidechains Are Bitcoin’s Original Upgradeable Sidechain Implementation

[AJBot]

Federated sidechains utilize key management to provide security and allow functionality beyond the Bitcoin mainchain.This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host.Federated sidechains are currently the only deployed type of Bitcoin sidechain (the most recent paper here). The idea of using a federated peg and consensus system was actually an appendix in the original sidechains whitepaper. There was no concrete design fo ...

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