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Questions tagged [side-chain]

mechanism that allows tokens from one blockchain to be securely used within a completely separate blockchain but still moved back to the original chain if necessary.

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Are there any active side chain type projects using Monero?

Bitcoin has counterparty and omni that sits on top of the bitcoin protocol level to create a colored coin system. I'm assuming this is like a side chain. Are there any developments like this in Monero?...
5
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1answer
140 views

Could a prediction market like Augur be built on top of Monero?

Are there any technical reasons preventing a decentralized prediction market like Augur from eventually being built on top of Monero? Besides multisig what other Monero development needs to be ...
6
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1answer
298 views

Would smart contracts ever be possible on Monero?

Way in the future say in a sidechain or something would smart contracts be possible? And if so would they be able to benefit from Monero's privacy features?
9
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1answer
142 views

What are daughter-chains?

I've been reading the design goals and I see they refer to "daughter-chains". What are these, and are they different to side chains?
27
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1answer
295 views

How would Monero verify transactions on a 2-way pegged sidechain?

From my understanding, in order to retrieve tokens on a side-chain, you would have to send your XMR to some address that would then be unlocked when you burn the side-chain tokens. How could Monero ...
4
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1answer
53 views

Could a sidechain with complete transparency be pegged to Monero?

Monero is private by default. There are potential use cases for complete transaction transparency that Monero may not be easily be able to solve (even with the view key). Would is be possible for a ...
3
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1answer
222 views

What exactly are side chains?

Monero could implement side chains at some point. What exactly are they? Monero can exit and enter them, for example.
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2answers
283 views

Sidechain with Monero as the base token and Zerocoin as the anonymous token

The ZCash protocol has both basecoins which are traceable and Zerocoins which are anonymous. Basecoins can be converted into Zerocoins but the conversion itself is visible on the blockchain. Could a ...
11
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4answers
297 views

Can Monero stand as a distinct cryptocurrency, or will its features be brought to Bitcoin via sidechains?

Is Monero intended to be a competitor to Bitcoin, or is the intent to develop technology that will improve Bitcoin? Is there any reason why Monero's features wouldn't just be brought to Bitcoin ...