ConsenSys Proposes Interoperable Private Sidechains, Connected to Larger Public Blockchain

ConsenSys, a Brooklyn, New York-based Ethereum-focused development studio, has released a research paper which outlines a method of establishing connections between public and private blockchain networks. Referred to as “Atomic Cross-chain Transaction” technology, the research document’s authors noted that the new technique will allow transactions to be executed “atomically across sidechains.” Additionally, the Atomic Cross-chain Transaction technique will “introduce a new mechanism for proving values across sidechains, describe a transaction locking mechanism which works in the context of blockchain to enable atomic transactions, and a methodology for providing a global time-out across sidechains.”