Cross-blockchain transactions
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Connecting blockchain networks together to provide value and information transfer
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Cross-blockchain transactions
- 2. QUOTE “We build too many walls and not enough bridges - Joseph Fort Newton
- 3. BLOCKCHAIN CHALLENGES Initial Project Cost Integration With Legacy Systems Energy Consumption Public Perception Privacy and Security 1.Scalability Connectivity
- 4. WHY CONNECTIVITY IS SO IMPORTANT?
- 5. BLOCKCHAIN COMPATIBILITY USE CASES Value Transfer across Blockchains •Blockchain Interoperability •Multi-Token Transactions
- 6. TYPES OF INTERACTION BETWEEN BLOCKCHAINS “scalability-through-connectivity” Atomic Swaps Outsourcing Calculations to cheaper networks Outsourcing data storage Assets Migrations
- 7. ATOMIC SWAPS ALICE BOB 1 ETHER 0.031 Bitcoin
- 13. OPEN SOURCE ERC20 TOKEN BRIDGE
- 14. POA NETWORK BRIDGE - DEPOSIT
- 15. POA NETWORK BRIDGE - WITHDRAW
- 16. RIPPLE APPROACH
- 17. FUSION PLATFORM
- 19. POLKADOT BLOCKCHAIN INTEROPERABILITY PROJECT •Validators secure the network and write to its history •Nominators give their bonds to validators thus indicating trust •Collators bundle transactions from all parachains into the proof of validity blocks and then submit them, unsealed, to validators •Fishermen are the network’s police; try to weed out bad actors from the Polkadot ecosphere and, upon that, get a significant reward.
- 21. QUESTIONS
- 22. STAY IN TOUCH Gene Leybzon https://www.linkedin.com/in/leybzon/ https://www.meetup.com/members/90744 20/ https://www.Leybzon.com
Editor's Notes
- Atomic swap is a smart contract technology that enables exchange of one cryptocurrency for another without using centralized intermediaries, such as exchanges. Atomic swaps can take place directly between blockchains of different cryptocurrencies or they can be conducted off-chain, away from the main blockchain https://www.investopedia.com/terms/a/atomic-swaps.asp Atomicity of a swap refers to the constraint that the protocol should only have two outcomes, either Alice and Bob successfully exchange assets, or nothing happens. This property is crucial, as it ensures that neither party can cheat the other, and offers a method of swapping cryptocurrencies without a trusted third-party.
- https://www.aisingapore.org/2018/01/blockchain-based-system-secure-data-storage-private-keyword-search/
- POA Network https://medium.com/poa-network/cross-chain-bridges-paving-the-way-to-internet-of-blockchains-422ac94bc2e5
- https://medium.com/poa-network/cross-chain-bridges-paving-the-way-to-internet-of-blockchains-422ac94bc2e5
- https://github.com/poanetwork/token-bridge
- https://github.com/poanetwork/poa-bridge
- https://github.com/poanetwork/poa-bridge
- https://bitcoinexchangeguide.com/atomic-wallet-welcomes-ripples-xrp-coin-for-cross-chain-swaps-with-other-assets/
- https://fusion.org/ https://steemit.com/crypto/@joelsegovia/a-new-dawn-for-cryptofinance-fusion-brings-an-outstanding-framework-for-cross-chain-interoperability-and-for-financial-tools
- https://en.wikipedia.org/wiki/Lightning_Network https://medium.com/sparkswap/atomic-cross-network-swaps-50c62b51d078 https://blog.lightning.engineering/announcement/2017/11/16/ln-swap.html
- https://polkadot.network
- https://cosmos.network/ https://perfectial.com/blog/internet-of-blockchains/