Instead, new features that were sufficiently complex could come to Bitcoin by way of sidechains. At the recent Transylvania Crypto Conference, a panel of experts on the topic, including Blockstream CEO and sidechains white paper co-author Adam Back, discussed the current state and future potential of sidechains for Bitcoin. Despite the hype around Bitcoin sidechains, altcoins still very much exist. “Your risk with Bitcoin is that, ultimately, the coins are escrowed in some way – in a somewhat decentralized way,” Back explained at the Transylvania Crypto Conference. Finally, Back also mentioned Blockstream’s Simplicity programming language as potentially useful for the deployment of sidechains on Bitcoin.

Source: Forbes October 22, 2019 02:03 UTC