With new platforms like Sidra Chain, the crypto industry is rapidly expanding, providing solutions for Shariah-compliant financial transactions.
What Is Sidra Chain?
Sidra Chain is a Proof-of-Work blockchain forked from Ethereum, designed for fast and transparent Shariah-compliant financial transactions. Unlike traditional banking systems, it uses a public ledger to record transactions, eliminating intermediaries and adding an ethical compliance layer.
Traditional Blockchain: The Baseline
Traditional blockchains like Bitcoin and Ethereum set the standard for decentralized technology. Bitcoin, launched in 2009, was the first system to offer a trustless approach to peer-to-peer payments using PoW consensus. Ethereum introduced smart contracts, thus expanding blockchain's potential.
Key Differences: Sidra Chain vs. Traditional Blockchain
Sidra Chain integrates Shariah principles into its core operations, prohibiting interest and supporting only halal sectors. In contrast, traditional blockchains ignore ethical frameworks and support a wide range of applications.
Sidra Chain provides a compelling alternative for users seeking fast, transparent, and Shariah-compliant transactions, carving a niche that could redefine finance in Islamic regions.
