In the ecosystem based on Ethereum, parachain (or sidechain) demonstrates its importance and subtly optimizes the transaction benefits of the blockchain. These independently operating blockchains are interconnected with the main network (Mainnet) of the Ethereum chain through a two-way bridge to facilitate smooth resource exchange while ensuring the safe transfer of tokens between different blockchains. They function freely, each with their own unique specifications, co-commitment calculations, and in some cases, even owning their tokens.
Sidechainto Ether< strong>WorkshopThe impact of refinement
Setting up a sidechain can provide faster transactions and lower fees, thus improving the scalability of the Ethereum blockchain. The side chain is compatible with EVM (virtual machine of Ethereum workshop), so that Ethereum's Fair decentralized applications (dApps) operate in a way that reduces fees and increases transaction speed. For developers, this compatibility is very attractive, they can work in an environment similar to the Ethereum chain, without needing to adjust for the new platform.
SideChain as a testing ground for new applications and features
On the other hand, sidechains can be used as a testing ground for new applications and features that can be deployed without risking the security of the main network risk. However, there are trade-offs with sidechains. For example, they do not inherit the security level of the main ethereum network, and require resource transfer through blockchain bridges, which adds a layer of complexity.
SideChainTrust Assumptions and Risks
Trust assumption is another factor required by sidechains, which means that users must trust that side Chain can act honestly. Many projects, such as Polygon, Skale, Gnosis Chain, Loom Network, and Metis Andromeda, provide practical solutions for dApp integration on side chains. Other popular sidenets, such as Rootstock, are known for their smart contract expertise.
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