Sidra Chain: Understanding and Differences from Other Blockchains

Bittime - Sidra Chain is a blockchain platform designed for financial transactions that are safe, transparent and in accordance with Islamic financial principles (Shariah). This article will discuss the meaning of Sidra Chain and its differences from traditional blockchains such as Bitcoin and Ethereum.

What is Sidra Chain?

Sidra Chain is a decentralized blockchain network based on a consensus mechanism Proof-of-Work (PoW). Launching in 2022 and becoming fully operational in October 2023, Sidra Chain combines cutting-edge blockchain technology with Islamic financial principles. The platform allows peer-to-peer transactions without intermediaries, which are recorded in a public ledger.

Read too Sidra Chain: Sharia Blockchain for Decentralized Finance

Sidra Chain's main features include:

Sharia Compliance: All transactions follow Islamic financial rules such as the prohibition of riba (interest) and gharar (excessive uncertainty).

Transparency: Blockchain technology ensures all activities are recorded openly.

Low Cost: Transactions via Sidra Chain are more cost-effective than traditional banking systems.

Traditional Blockchain: Basic Standards

Traditional blockchains such as Bitcoin and Ethereum have set the standard for decentralized technology. Bitcoin introduced a PoW-based peer-to-peer payment system in 2009. Ethereum, which arrived in 2015, expanded this concept with smart contracts.

Read too How to Use Sidra Chain?

The main focus of traditional blockchain includes:

Decentralization: There is no central authority that controls the network.

Security: Cryptographic methods protect transactions.

Flexibility: Supports various applications such as crypto trading and dApps

However, traditional blockchains do not have a specific ethical framework like the Sharia compliance offered by Sidra Chain.

Main Differences between Sidra Chain and Other Blockchains

Sharia Compliance

- Sidra Chain is specifically designed to comply with Islamic financial principles such as the prohibition of usury and investment in haram sectors (e.g. gambling or alcohol).

- Traditional blockchains like Ethereum do not have this ethical filter.

Inclusive Proof-of-Work

- Sidra Chain allows users to mine token SDA via mobile application after KYC verification.

- Bitcoin requires expensive specialized hardware for the mining process.

Ecosystem for Islamic Finance

- Sidra Chain offers services such as Sukuk (Islamic bonds) and Murabaha (cost plus profit based financing).

- Traditional blockchain does not provide specific services for Islamic finance.

Global Expansion through SidraClubs

- The SidraClubs program supports global growth through local partnerships for licensing, Sharia certification and blockchain-based legacy management.

- Traditional blockchains typically develop through communities of independent developers without a coordinated framework.

Real Applications of Sidra Chain

- Sidra Chain supports cross-border payments, halal supply chains, and Sharia-based fundraising.

- Traditional blockchains also support similar applications but without ethical filters.

Read too Is Sidra Chain a Scam? Listen to the explanation!

Technical Advantages and Current Status of Sidra Chain

Sidra Chain uses smart contracts for transaction automation as well as KYC integration for international compliance. Its mobile app has been downloaded more than a million times despite facing technical challenges such as login and KYC verification failures.

Conclusion

Sidra Chain presents an attractive alternative for users looking for fast, transparent and Sharia-compliant financial solutions. While still in the early stages of development, its focus on financial inclusion and ethical compliance provides great potential to transform the traditional financial landscape in Islamic markets—and beyond.

FAQ

1. What is Sidra Chain?

Sidra Chain is a decentralized blockchain platform designed for financial transactions in accordance with Islamic financial principles (Shariah). Launched in 2022, Sidra Chain uses a Proof-of-Work (PoW) mechanism to enable fast, transparent and low-cost transactions without intermediaries.

2. What are the main differences between Sidra Chain and traditional blockchains such as Bitcoin and Ethereum?

The main difference lies in the Sharia compliance integrated in Sidra Chain. While traditional blockchains lack ethical filters, Sidra Chain ensures that all transactions comply with Islamic financial principles, such as the prohibition of usury and investment in haram sectors.

3. How does mining work on Sidra Chain?

Sidra Chain allows users to mine SDA tokens via a mobile application after completing the KYC verification process. This makes mining more inclusive and accessible compared to traditional blockchains like Bitcoin, which require expensive specialized hardware.

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Reference

BSCN, What Makes Sidra Chain Unique? Full Analysis, Accessed March 28, 2025