Exploring The Bitcoin Use Cases Of Spacechains Today

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In the last article, I broke down what a spacechain is and how they work, but didn’t go into any of the things you can do with them. Ultimately, the lack of a two-way peg mechanism severely limits the functionality it can provide to Bitcoin users.

A One-Way Trip

The original idea of a sidechain was to have a two-way mechanism where bitcoin can be transported to entirely new blockchains, that can have any arbitrary functionality or features that users want to take advantage of, and then move them back. The idea was to allow for experimentation in features that is currently done by altcoins to occur with Bitcoin itself without having to alter or present risks to the main Bitcoin blockchain, but still allow users to utilize the Bitcoin token and not have to speculate on completely independent tokens to gain access to new functionality.

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