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Sidechains allow you to migrate to a completely different system without losing the storage of value property.

• gerikson 7y ago
  Are there any live sidechains in production? I thought the team behind them moved on to the Lightning Network.
  • grubles 7y ago
    Blockstream launched the Liquid Network sidechain fairly recently.[0] The features that distinguish it from the Bitcoin main chain are fast settlement times (1-minute blocks), confidential transactions (versus BTC's transparent txs), and the ability to issue unique assets such as tokenized fiat, crypto assets, and other pretty exciting digitized assets. [0] https://blockstream.com/liquid/ https://blockstream.com/liquid/ Disclosure: I work at Blockstream.
    • gerikson 7y ago
      Thanks, I’ve missed that development.