Peerplays sidechain technology proposal: Providing 20% ​​of revenue to DAO stakeholders

Peerplays is a concept platform that is committed to bringing something new. It has submitted a proposal to the DAO to apply for funding. The DAO is still evaluating whether to invest in this concept, and Peerplays is working on a sidechain solution. But what is certain is that exciting times are coming for the Ethereum ecosystem.

Peerplays Sidechain Technology

Ethereum enthusiasts who have been following the Peerplays proposal should remember how the project asked DAO stakeholders to contribute to the project. In more detail, Peerplays wants to develop a blockchain-based gaming and match betting network. At present, the overall feedback on this proposal is generally positive.

Despite the positive response to the project, Jonathan Bahasa, president of Bunkerchain Labs, said:

“We quickly realized that in order to achieve the requirements of the DAO, we would need to advance our plans for sidechain technology so that value could be transferred between Peerplays and Ethereum in a completely trustless manner.”

Sidechains have received a lot of attention in the cryptocurrency space. At its core, sidechain technology allows users to transfer cryptocurrencies from one blockchain to another. However, there are currently few practical applications for this technology because there are some complex issues that need to be resolved. Peerplays is planning to create a fully functional sidechain by using the Ethereum blockchain.

In fact, Peerplays is currently developing a sidechain solution that other DAO-sponsored projects will be able to leverage in the future. Peerplays has now revised its original proposal, which will provide The DAO with 20% of Peerplays' revenue in exchange for increased value to cover the costs of accelerating the development of this sidechain.

The proposal has been implemented thanks to some of the DAO supporters. The Peerplays team feels the time is right to develop a functional sidechain that current and future projects can leverage. Once the review cycle is over, DAO token holders will be able to vote on the proposal.