Solutions

Side-Chains / Off-Chain Scalability

Sidechains offer solutions to combat various problems such as low TPS, inflexibility in trading between currencies and high innovation cost by allowing transactions across various currencies and facilitating innovation.

Problem:

Low Transactions Per Second

In their current state, blockchains such as Bitcoin and Ethereum can handle a limited amount of transactions per second, which is way behind what current centralized systems such as VISA and Mastercard offer.

Inflexible Blockchain

The flexibility between trading various crypto and non crypto currencies is a huge problem right now as there does not exist flexibility for such exchanges across countries.

High Cost of Innovation

There is a significant chance of failure when new innovation takes place within a blockchain and as well the information system of a company. Data can be lost because the security of infrastructure of the chain can be compromised.

Solution:

Combating low Transactions per Second (TPS)

Side chains provide a two way peg solution which enables the developers of the blockchain to allow users to switch from one blockchain to the other to facilitate increase in Transactions per second (TPS) i.e scalability.

Transactions across various currencies

Side chains provide such flexibility by incorporation of side chains that are connected to the main blockchain on which a crypto may be traded. This allows the parent blockchain and side chain to work seamlessly to facilitate trading.

Sidechains provide room for innovation

Sidechains allow room for innovation. By keeping the main chain stable, we can experiment with new ideas and see how they perform in the real world.

Xord is here to provide Side Chains/Off Chain Scalability solutions.

Lets get connected today.

Xord is a blockchain solution provider company. At Xord, We develop decentralized solutions making world trustworthy & secure place, using blockchain technology.