Sidechain: A Scalable Blockchain

Abstract

In today's world, the revolutionary concept of blockchain and its applications is attracting an increasing amount of attention. The digital currency Platforms have been at the forefront of implementing new technologies based on blockchain. The capabilities of blockchains are used for more than just monetary transactions.The introduction of smart contracts enabled the development of a variety of distributed applications.As the demand for blockchains grows, so does the demand for larger, more scalable, and more versatile “multipurpose” networks. Traditional blockchains (including those that support smart contracts) are unable to meet all of these needs.The concept of sidechains was proposed to overcome these concerns.Scaling the blockchain network can be accomplished in a variety of ways. A sidechain is a convenient way for scaling a block chain, removing the shortcomings of the current system and enhancing the current blockchain system's benifits.