Sidecoin: a snapshot mechanism for bootstrapping a blockchain
arXiv:1501.01039 · doi:10.13140/2.1.4577.1841
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.
3 pages