Two-Way Peg

      A ‘Two-way Peg” is a mechanism used for sidechain & second layer project implementations.

     This implementation is typically structured like so; locking up cryptoassets on the original chain in a multi-sig smart contract and receiving the appropriate proportions of new assets on the sidechain. Should the asset owner have the want or need to get their original assets back, all they simply must do is destroy the remaining side-chain assets and claim their proportionate locked up assets.

(important note, if less assets are destroyed then were originally claimed then the difference is balanced to the sidechain projects predefined developer addresses to fund operations.)

      Related Terms:

      Resources

Donate

BTC: bc1qcskmel9llhrdqj3arxyqnennx4ashvfutlreyy
LTC: ltc1qa0fj4lcu5365rep50aza5fqqvx8ef0afemh6s5
ETH: 0x071D72dbc48ad2Fe35daE256eCF0834C5dde688c
DASH: XgXHqVyJiQNdVVszH9cnqCP4uWcP8tVxdK
BNB: bnb1mau4j8kry0jgw45ufy69hvhd0k04llet8fk2p6

Welcome To The Crypfo Initiative!

There was an error while trying to send your request. Please try again.

Crypfo.info will use the information you provide on this form to be in touch with you and to provide updates and marketing.
Join the Leaders of the Digital Economy.
Gain Access to Specialized Crypto Asset Insight before anyone else.