sidechains

‘Running Drivenet:’ Bitcoin Proponent Discusses the Benefits of Drivechain Versus Lightning Network

Crypto 101: How to Send and Receive Bitcoin Cash Via the Bitcoin.com Wallet During the last few months in the midst of the coronavirus outbreak and faltering global economy, many individuals have shown an interest in bitcoin and other cryptocurrencies. However, oftentimes people can find the process a bit daunting because they are … read …

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Proof-of-Work vs. Proof-of-Stake for Scaling Blockchains

Most people in the cryptocurrency world are aware that network validation often comes in one of two forms: proof-of-work or proof-of-stake. There are others, but these systems are common and power many of the most popular blockchains. They take the same basic problem — verifying transactions — and solve it in unique ways. However, both …

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Crypto Garage Launches Commercial Service for Settlenet System

Japanese blockchain development company Crypto Garage announced it was launching commercial service on its Settlenet platform for the crypto OTC market. According to an update on Digital Garage’s website posted on June 8, its Crypto Garage venture is launching commercial service for Settlenet, a settlement system using Blockstream’s Liquid Sidechain.  Specializing in over-the-counter (OTC) transactions …

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Despite Trust Model Debates, Ethereum Is Bitcoin’s Largest Sidechain by Total Value Locked

The Ethereum network now has more bitcoin held in reserves than the Lightning Network, according to onchain statistics. At the time of publication, Wrapped Bitcoin (WBTC) has close to 4,000 BTC ($34.7M) held in reserves, while the Lightning Network has only 925 BTC ($8.3M). Wrapped Bitcoin Project’s Total Value Locked Climbs to 3.9k Bitcoin Just …

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