Sidecoin: a Snapshot Mechanism for Bootstrapping a Blockchain
Joseph Krug, Jack Peterson · arXiv (Cornell University) · 2014
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.