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What are Multichains and Sidechains?

Sidechains are blockchains which handle assets off of the main blockchain and are able to return them to the main blockchain at a future date. As you understand by now, blockchains are comprised of interconnected computers serving as nodes in a decentralized consensus network. Everything that happens to assets on that blockchain is validated and recorded on that blockchain. If assets are taken to another chain, however, where different protocols may apply to suit the needs of the parties using the assets, this may be called a sidechain. Continue reading...