Bitcoin Sidechains: What Are They and How do They Work?

So far, Bitcoin is the top contender in the cryptocurrency market, with a net worth of approximately 350 billion USD. It has a robust network strengthened by its decentralized nature. Using a peer-to-peer network under cryptographic protocols enables the undertaking of transactions globally.  However, this crypto giant network has a few limitations that sidechains help solve. Some of these limitations are slow transactions per second, higher transaction costs, scalability issues, and slow network evolution compared to traditional transactions with fiat currency. Thanks…