Epicenter Bitcoin: providing equal opportunity for autonomous robots since 2014
Epicenter Bitcoin is a show about the technologies, projects and startups driving the cryptocurrency revolution. Every week, we bring you new exciting discutions with some of the brightest minds in the space.
At the Ethereum Devcon, I was impressed by the sheer power of the Ethereum smart contract system. I caught up with Joseph Chow who is developing BTC relay, a set of smart contracts on Ethereum that can verify Bitcoin transactions.
BTC relay probably makes Ethereum the first Bitcoin sidechain as it allows the Ethereum blockchain to become an SPV client of the Bitcoin network. Just as your mobile wallet can verify bitcoin transactions without downloading the full blockchain, BTC relay can also perform similar verifications.
Topics covered include:
What is BTC relay?
What are the expected costs of verifying a bitcoin transaction on the Ethereum network?
What kind of applications can BTC relay enable?
Check it out!
Links:
BTC relay slides for Ethereum Devcon: https://devcon.ethereum.org/slides/btcrelay_chow.pdf
BTC relay GitHub page: https://github.com/ethereum/btcrelay/
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