SideChains: Top Five Siblings in The EOS Family

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SideChain Top Five Sibling In The EOS Family

• EOS is a decentralized platform which is designed
  to support decentralized applications (DApps)
  similar to the Ethereum blockchain. Though EOSs
  model has been successful, there are certain
  parts of the EOS community that have their idea
  of how the platform should work. These projects
  are commonly referred to as sidechains or
  sisterchains. Each of these sidechains runs a
  modified version of Block.ones EOSIO software.

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EOS Sidechains

• Let us now list down some of the most prominent
  EOS sidechains.
• 1. Telos for app developers
• Telos makes life easier for app developers. The
  Telos solution was introduced in response to the
  RAM market of EOS, that makes participation in
  the network prohibitively expensive.

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• One of its main goals is to eliminate account
  creation costs and stabilize fees. Although
  Teloss goals are humble, EOS has already
  mitigated most of these concerns using features
  such as REX and vRAM.

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• Telos intends to distribute voting power. Wealthy
  coin holders have the majority of the voting
  power in on EOS, thus allowing only a limited
  number of wallets to set the course for the
  entire network. To stop this from happening,
  Telos limits the number of TLOS tokens to 40,000
  tokens for its EOS Genesis Snapshot accounts.
  This will help make the elections more fair and
  decentralized.

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• 2. Worbli- for finance and enterprise
• It is an EOS sidechain that intends to provide
  services for financial institutions and
  enterprise users. It is more centralized than
  EOS. In EOS, users are allowed to vote for block
  producers. In Worbli, the block producers are
  picked by hand. Worbli maintains strict
  regulatory compliance. All the block producers
  and account owners must undergo KYC (Know Your
  Customer) or AML (Anti-money laundering)
  background checks.

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• In terms of market capitalization, its token is
  one among the 2,300 largest cryptocurrencies.
  Worbli is one of the earliest EOS sidechains.

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• 3. WAX for game asset trading
• WAX or Worldwide Asset Exchange is a game asset
  trading platform that is based on blockchain
  technology. The EOSIO main net was launched in
  June, and this qualified it as a new member of
  the EOS family. It deals with the exchange of
  virtual goods like character skins and in-game
  items. The WAX token is one of the ninety largest
  cryptocurrencies.

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• The WAX sidechain was not designed only to
  confront the existing EOS problems. It relies
  heavily on features from other projects such as
  Ethereums ERC-20 token standard.

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• 4. EOSForce- a sidechain with new governance
• EOSForce is a Chinese-based EOS sidechain that
  primarily makes changes to the default governance
  model of EOS. The EOS mainnet allows vote
  splitting, where coin holders can vote for
  multiple block producers with each token they
  hold. But in EOSForce, coin holders can only vote
  for one block producer with each token. EOSForce
  provides token rewards to users voting for block
  producers. This is a feature found on other
  blockchains with vote delegation like Tezos and
  Cosmos.

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• These are a few governance changes introduced by
  EOS. The mainnet upgrade performed by EOS on 1
  July 2019 helped improve the interoperability and
  performance of the sidechain.

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• 5. Boscore sidechain for businesses
• This focuses on business applications. It is
  designed for DApp construction. Its main focus is
  on solving real-world problems. It emphasizes on
  inter blockchain communication. Boscore is
  capable of handling tokens like Bitcoin and
  Ethereum. This ensures that its app developers
  can work with some important blockchains. It
  provides a few other features as well. It aims to
  provide higher transaction speeds when compared
  to EOS and currently offers more plugins than
  EOS.

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• 5. Boscore sidechain for businesses
• This focuses on business applications. It is
  designed for DApp construction. Its main focus is
  on solving real-world problems. It emphasizes on
  inter blockchain communication. Boscore is
  capable of handling tokens like Bitcoin and
  Ethereum. This ensures that its app developers
  can work with some important blockchains. It
  provides a few other features as well. It aims to
  provide higher transaction speeds when compared
  to EOS and currently offers more plugins than
  EOS.

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Conclusion

• EOS sidechains benefit the EOS blockchains by
  providing horizontal scalability. This means that
  they offload some of the transactions and
  activities that would otherwise have to be
  handled by EOS. But this needs the participation
  of both block producers and developers. On the
  whole, sidechains are useful additions to the EOS
  ecosystem.
• To know more about blockchains and enroll in
  blockchain certifications, check out Blockchain
  Council.

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Blockchain Council Certifications

• You can check out our certifications, and kick
  start your career in the Blockchain space today.
• Certified Blockchain Expert
• Certified Blockchain Developer
• Certified Smart Contract Developer
• Certified Solidity Developer
• Certified Ethereum Developer

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