Hello everyone ! 🖐🏻 This is @elitedevops .

I would like to explain to you the first project that I have wanted to implement for a long time.

Steemit Side Chain project !

It's a project I'm in development and I can't wait to share with you how I'm progressing here.

Let's start :)

Benefits of Steem Blockchain Integrated Side Chain

Steem blockchain is a popular blockchain with its social media applications and community. However, the network has scalability issues, high transaction fees, and slow transaction confirmation times. To solve these problems, blockchain technology offers solutions such as sidechains. A sidechain to be integrated into the Steem blockchain could solve many of the network's problems and make it more scalable, faster, and more cost-effective.

What is a Side Chain?

A sidechain is a blockchain that has the features of a main blockchain and also has its own features. Sidechains operate independently of the main blockchain and have their own blockchain, transaction fees, and features such as cryptocurrencies. By communicating with the main blockchain, sidechains extend the functionality of the main blockchain and offer solutions specifically to scalability issues.

Problems of Steem Blockchain

The Steem blockchain also suffers from scalability issues, high transaction fees, and slow transaction confirmation times. While these issues are fairly common for blockchain technology, they can become particularly problematic for popular apps like social media apps and communities. Specifically, the Steem blockchain's transaction speed drops as the number of users increases and transaction confirmation times increase. The scalability and speed of the network are therefore of paramount importance.

Benefits of Steem Blockchain Integrated Side Chain

Steem blockchain is a very popular blockchain with its social media applications and community. However, sidechains can be used to solve problems such as scalability issues, high transaction fees, and slow transaction confirmation times. To solve the scalability problem of the Steem blockchain in particular, a sidechain to be integrated can offer many advantages.

Solves Scalability Issues

The fact that the Steem blockchain can process around 3 transactions per second per transaction in its current form is the biggest factor limiting the network's acceptance of more users. An integrated sidechain can reduce the transaction load of the Steem blockchain and allow for more transactions. This increases the scalability of the network and brings more users into the network.

A sidechain can solve scalability issues by offering a faster and lower transaction overhead than the main chain. This allows the network to process more transactions, allow more users to join the network, and allow the network to grow faster.

Faster Transaction Confirmation Times

The Steem blockchain requires a period of time to confirm each transaction, usually a few seconds. However, if more transactions are made on the network, transaction confirmation times may take longer, which may affect the performance of the network.

An integrated sidechain can provide faster transaction confirmation times. The sidechain can reduce the transaction load on the main chain by providing a separate transaction structure for transactions made on the Steem blockchain. This reduces the transaction confirmation time on the main chain and the network can process transactions faster.

Less Transaction Fee

Transaction fees on the Steem blockchain mean that users must pay the required amount of STEEM tokens to complete their transactions. Users who want to make more transactions may have to pay more fees.

An integrated sidechain can provide fewer transaction fees. Transactions on the side chain can be performed at a lower fee than on the main chain. This helps users in the network save on transaction fees and more users join the network.

Support for Smart Contract Transactions

The Steem blockchain does not support smart contracts, but sidechains provide a dedicated infrastructure for smart contract transactions, allowing Steem users to have a more scalable, faster and more customizable smart contract transaction experience.

Steem's use of sidechains works similarly to Ethereum and other smart contract-focused blockchains. Sidechains can be thought of as a sub-blockchain attached to Steem's main blockchain. Sidechains operate independently of the main chain and provide their own unique features, protocols, and dedicated infrastructure for smart contract operations.

The use of sidechains allows Steem users to execute smart contract transactions faster and more scalably. Also, thanks to the customizability of sidechains, users can create their own smart contracts and run these contracts on sidechains. This, in turn, could create more use cases and diversity in the Steem ecosystem.

Sidechains also allow Steem users to reduce transaction fees. Fees paid for transactions made on the main blockchain, on the sidechains may be lower than the fees paid for transactions made. This allows Steem users to perform more transactions at a lower cost.

As a result, sidechains allow Steem users to experience a more scalable, faster and more customizable smart contract transaction. This, in turn, can bring more use cases and diversity to the Steem ecosystem and help users reduce transaction fees.

Can Accept More Users

A sidechain to be integrated makes it possible to engage more users in the network, as it solves the scalability issues of the Steem blockchain. This is important for the growth and development of the Steem blockchain, as more users can join the network and make more transactions. This increases the use of the Steem blockchain and makes the network stronger.

A sidechain to be integrated can solve many of the problems of the Steem blockchain and make the network more scalable, faster and less costly. This allows the Steem blockchain to grow and evolve even further.

Conclusion

As a result, sidechains are considered a significant development in the field of blockchain technology. Steem blockchain is also a good candidate to take advantage of sidechains. By solving the scalability issues of the blockchain, sidechains can accept more users, provide faster transaction confirmation times, charge lower transaction fees, and offer support for smart contract transactions.

Using sidechains, the Steem blockchain can add more features and become a new trading platform. Sidechains are one of the best ways to add features to the blockchain. Therefore, it is important to increase the use of sidechains by developing the Steem blockchain, expanding the user base of the platform and improving the capabilities of the blockchain.

Sidechains are expected to play an important role in future blockchain developments. Steem blockchain is also a viable candidate to increase the potential of blockchain by taking advantage of sidechains. Steem can open up new opportunities for blockchain developers as sidechains offer the possibility to add more features to the blockchain.