Bitcoin (BTC) technology pioneer Adam Back explained at the Transylvania Crypto Conference that there’s a greater financial incentive to creating altcoins compared to building on Bitcoin.
Forbes reported Back’s remarks on Oct. 21, noting that he is also the co-author of the “Enabling Blockchain Innovations with Pegged Sidechains” paper about Bitcoin sidechains released about five years ago. In the document, he and his fellow researchers first expressed the idea that Bitcoin’s sidechains will have substantial advantages over altcoins.