What is Sidechain & How Sidechain work by @kawsar - 10% to @tron-fan-club
Today i will share What is Sidechain, How Sidechain work & Advantage of Sidechain in Tron Fan Club Community. I sometimes post the details of such blockchain on various topics. I love and like to share what I know with everyone. So today I will share as much as I know about this topic.
The main function of a sidechain is to act as a bridge between two blockchains. Each blockchain has some rules and each blockchain has a separate network and because of this separate network we cannot use one blockchain in the blockchain. Each blockchain has its own network, different systems and designs, so one blockchain differs from another.
We know that each blockchain has a native token and we use this sidechain to securely use the digital tokens of one blockchain securely with another blockchain. And the system to use this safe way makes us these sidechains. The main purpose of these sidechains is that they connect through two blockchains, meaning that users can use one blockchain in another blockchain.
We realized that the function of a sidechain is to make a connection, that is, to complete a transaction through a sidechain through a two-way peg system, meaning that we can transact through one blockchain through another blockchain. Users can transact from one blockchain to another blockchain through this sidechain and if they want to take it back to their digital assets i.e. main blockchain, they can do it anytime.
These sidechains ensure that a user can securely transact from one blockchain network to another blockchain network. And these sidechains are designed to connect two blockchains so that one blockchain can transact with the other in a very secure way. We have no reason to think that, Whether we can securely conduct transactions from one blockchain network to another blockchain. It gives us complete security.
We have learned that the main function of sidechains is to bridge between two blockchains, this time we will know how sidechains work. The sidechains can basically complete the transaction through a two-way peg system. This means that the main blockchain is called Mainchain and the blockchain with which this connection is made is called sidechain.
In order to transact through sidechains, first the user has to deposit the amount he wants to transact and then he will be allowed to transact in sidechains. The sidechains use a technology called zk rollup to complete the transaction, by transacting through this zk rollup one can complete the transaction very quickly and can transact much more securely.
The zk rollup is a very fast transaction, the zk rollup does not depend on the main blockchain to complete the transaction very fast, how fast it can complete the main blockchain. Transacting with the zk rollup method allows the user to complete the transaction very securely and quickly and it charges a very low fee. ZK-Rollup does not rely on major blockchains to solve scalability issues.
When the transaction is done through zk rollup, when the transaction is completed. It then sends the results of the transaction to the main blockchain network that the user has made the transaction. This means that after the transaction is completed, the zk rollup sends its results to the main blockchain network, depending on how many transactions have been completed.
If we transact through these sidechains, then I think we have many advantages to transact through sidechains. If we look at an example, because we know that we have a very popular blockchain and the first blockchain is the Bitcoin blockchain. And if you want to complete a transaction in Bitcoin blockchain, then it takes 10 minutes here. This means we can make a transaction very late.
But if we transact this bitcoin through the Sidechains network, then we can do it in just 2 minutes. This means that in a Bitcoin blockchain it takes us 10 minutes to make a transaction, we can do that transaction in two minutes. This is also done through Bitcoin's Sidechain.
This type of transaction is called peg-in when we do the transaction and when we exit the sidechain and do the transaction in the main blockchain it is called peg-out. This is how transactions are done through this Sidechain. SideChains also allow us to transact with confidentiality, make anonymous transactions, conduct transactions securely, and enable us to conduct much more secure transactions.
I tried today to share with you as much as I know about the topic of Sidechain and to discuss the topic openly. If there are any mistakes in this discussion, then of course you can come and comment. I will fix it inshaAllah.
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