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arXiv · 1501.01039

Sidecoin: a snapshot mechanism for bootstrapping a blockchain

Joseph Krug·Jack Peterson
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Abstract

Sidecoin is a mechanism that allows a snapshot to be taken of Bitcoin's blockchain. We compile a list of Bitcoin's unspent transaction outputs, then use these outputs and their corresponding balances to bootstrap a new blockchain. This allows the preservation of Bitcoin's economic state in the context of a new blockchain, which may provide new features and technical innovations.

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Joseph Krug, Jack Peterson. 2015-01-05. Sidecoin: a snapshot mechanism for bootstrapping a blockchain. https://doi.org/10.13140/2.1.4577.1841

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