Bitcoin Sidechains: What Are They and How do They Work?

So far, Bitcoin is the top contender in the cryptocurrency market, with a net worth of approximately 166.4 billion USD. It has a robust network strengthened by its decentralized nature. Using a peer-to-peer network under cryptographic protocols, it enables the undertaking of transactions globally.  However, this crypto giant network comes with a few limitations that sidechains help solve. Some of these limitations are slow transactions per second, higher transaction costs, scalability issues, and slow evolution of the network compared to traditional…

Bitcoin Dapps – Are there any Dapps on the Bitcoin Blockchain?

Dapps or decentralized applications are a part of the whole Smart Contracts ecosystem. When you think about it, the applications you use on your smartphone and computers are just generalized agreements between two parties: I agree to use a product produced by the developer who agrees to satisfy my desire and increase my utility. People realized that since blockchain is on a roll to decentralize everything, why not decentralize applications? And what better way to do that than using smart…