Protect the double expenditure on Ethereum: Fusion and side chain costs
As a second cryptocurrency by market capitalization, Ethereum is constantly evolving to ensure that its users have secure and reliable means to carry out transactions. One of these efforts implies the process of fusion of the lateral chain, which has aroused the interest of understanding the functioning of double expenditure protection for the secondary chains of Ethereum.
What is a side chain?
A side chain refers to a separate blockchain which extends alongside the main network of Ethereum. This means that each secondary chain operates independently with its own set of rules and transactions, allowing them to process different types of data or use cases. In the context of Ethereum, lateral channels are generally used for decentralized financing applications (DEFI) and other specialized projects.
Double expenditure protection on Ethereum
Ethereum has implemented various measures to prevent double expenditure attacks on its main network. A common attack vector is the “double expenditure” problem, where only one transaction is spent twice in different blocks or chains. To mitigate this risk, Ethereum design integrates several safety features:
- Transactions followed : Each block contains a unique “block number” and “horoditing”, allowing precise monitoring of transactions.
- Validation based on intelligent contracts
: smart contracts on the Ethereum network can verify the validity of transactions and prevent double expenses.
- Poetry fusion algorithm (PMA) : PMA algorithm guarantees that all blocks of a particular source are merged into a block, preventing double transactions.
Fusion process of the side chain
When a side chain turns to its parent blockchain, the process is designed to be transparent and secure. Here is an overview of its operation:
- Verification : The validation team of the side chain checks that all transactions on the side chain are valid and in accordance with the rules of Ethereum.
- Block Merge : The PMA algorithm guarantees that all the blocks of the side chain are merged into a block, eliminating double transactions.
- Blockchain Update : The parent blockchain is updated to reflect the merged block, ensuring that users continue to have access to their funds.
Double expenditure protection on the side chain
The double expenditure protection mechanism is implemented both at transaction and block levels. When a side chain turns to its parent blockchain, all the transactions of the side chain are validated in relation to the rules of the parental chain. This prevents any transaction or set of expenditure transactions twice.
Where are the extraction costs of the side chain?
The lateral channels work independently, but they often share resources and infrastructure with the main network of Ethereum. As such, operating costs on side chains can be similar to those in the main network. The structure of the costs for the extraction of the side chain can vary depending on the factors such as the distribution of block rewards, transaction costs and congestion of the network.
Conclusion
The fusion process of the Ethereum side chain is designed to protect users from double expenditure attacks while maintaining transparent integration with its parent blockchain. By understanding the functioning of the side chains and the safety measures in place, Ethereum users can use their connected assets without worrying about the safety risks.