Blockchain Sidechains

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In April 2014, sidechains were announced @blockstream as a concept for boosting the functionality of bitcoin by allowing assets to move from the main bitcoin blockchain to an alternative blockchain and back through a system of two-way pegging.

Once on an alternative blockchain, the assets can effectively be governed by a different set of rules, while still maintaining their ability to be transferred back to the bitcoin blockchain at a later date, and thus redeemed via the existing bitcoin market infrastructure.

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