This article was first published on Ambrosus - Medium
Ambrosus is pleased to announce the official release of its unique Sidechain Architecture accompanied with its very own Proof of Concept! The development of sidechains is especially important for the overall growth and efficiency of AMB-NET: In order for a blockchain based ecosystem to be robust, it must be both secure and scalable. Sidechains (also known as child-chains or side-channels) are one means of improving the overall security, and scalability of a distributed network.
For the Ambrosus Ecosystem, the development of a sidechain architecture is crucial for two reasons. First, with the help of sidechains, unique forms of customer engagement such as loyalty programs, tokenised assets, and product-specific coupons can be managed on the Ambrosus Network at scale. This opportunity vastly expands the types of solutions that can be built within the Ambrosus Ecosystem by Ambrosus Solutions Architects as well as Ambrosus blockchain entrepreneurs.
Second, sidechains provide an effective means of managing high-speed transactions without compromising the main network. From Internet of Things Devices (IoT), to micropayments, this increases the value proposition of Ambrosus to enterprises wishing to manage and store potentially millions of data entries at a cost-effective and manageable rate.
Inside the Ambrosus Sidechain Report, a complete overview is provided for the notion of sidechains, as well as what the PoC specifically entails: A sidechain is a separate blockchain network running in parallel to the main blockchain network. The Ambrosus PoC explains how through the Hermes Dashboard, enterprises and entrepreneurs alike have the possibility of creating tokens on the Ambrosus network for loyalty programs, custom assets, and much more.
When it comes to creating your own tokens on an Ambrosus sidechain, a specific explanation can be found here! Using the Ambrosus Bridge, the token is created on the Main Network, but then can migrate to a ...
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Ambrosus - Medium