Zangelbert Bingledack
Well-Known Member
- Aug 29, 2015
- 1,485
- 5,585
It seems that if an SC inflates beyond the number of pegged coins, there will necessarily be two classes of coins in that SC: those that are convertible back to BTC and those that are not.
My understanding is that the BTC is just locked when converted to the SC, so it can't just be lost. It's not a perfectly symmetrical situation: converting *to* the sidechain involves locking BTC and creating SC coins, whereas converting *from* the sidechain involves unlocking BTC and destroying SC coins. (Right?)
My understanding is that the BTC is just locked when converted to the SC, so it can't just be lost. It's not a perfectly symmetrical situation: converting *to* the sidechain involves locking BTC and creating SC coins, whereas converting *from* the sidechain involves unlocking BTC and destroying SC coins. (Right?)