Elastos Sidechains | Asset Transfers Cross X Chain | POW dPOS Friendchains | $ELA Smart Economy Video

Today’s featured project is Elastos $ELA. Last week, we understood how the bitcoin blockchain connects to and is merged mined with the Elastos mainchain. Today we are going to move one level up and understand the concept of sidechains and how they will allow Elastos and the dapps to function fluidly with nearly unlimited scalability.

1. Transfers from the mainchain to sidechains
These transfers are implemented based on the Simplified Payment verification. The SPV module of the main chains is integrated on the sidechain, and is used to synchronize the mainchainn block while also facilitating transfers from the mainchain to the side chain at anytime.

2. Transfers from the sidechains to the mainchain
With Elastos, transfers from the side chain to the main chain are guaranteed by the mainchain's arbitrator mechanism. The arbitrator must not only generate and transfer the transaction, but also sign the transaction. This allows the withdrawal transaction on the main chain, thus transferring from the sidechain account to the mainchain account, to be verified by the main chain nodes.

Different Types of Sidechains
1. Proof of Work
2. Delegated Proof of Stake dPOS
3. Friendchains

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