Hi!
Very interesting, looking forward when these hits in western exchanges.
Op Ed: The Value of Sidechains and Leveraging Their Potential
Since Bitcoin’s launch in 2009, there has been a growing interest in tapping the potential of decentralized cryptocurrencies. However, any modifications to the consensus layer, the critical part of any cryptocurrency, must be handled with caution. Compared to other internet protocols, this makes it harder for Bitcoin to adopt new features and meet new demands. This is why sidechain technology has been proposed: It allows for the transfer of digital assets, including bitcoin, across different blockchains.
While most cryptocurrencies are incompatible, assets are not interchangeable; “fusion” lets sidechains build the financial ecosystem of cryptocurrencies. Using sidechains, we can easily create smart contract-based stocks, futures and other derivatives; there could be thousands of sidechains pegged to Bitcoin, all serving different purposes and having different features. Meanwhile, all of these sidechains benefit from the robustness, and maintain the coin scarcity, of the main chain.
So far, some of the sidechain solutions on the market include BTC Relay by ConsenSys, Rootstock by RSK, Elements by Blockstream and non-Bitcoin sidechains like Lisk.
https://bitcoinmagazine.com/articles/op-ed-value-sidechains-and-leveraging-their-potential/