Altcoins News

Story: Ethereum Classic (ETC) on ChainSafe in developing the ChainBridge

By Maheen Hernandez

1 / 12

Ethereum Classic (ETC) Complementary Base Layer Blockchain

2 / 12

ChainSafe have been building the blockchain not only for subject batter experts but also for people.  They focus mainly on blockchain interoperability.

3 / 12

They have been leading the development of Ethermint, which is a deployment of Ethereum on Tendermint making use of Cosmos-SDK, which is a version of Ethereum 2.

4 / 12

Ethereum Classic (ETC) tweeted: “Ethereum Classic Labs recently revealed that it will support @ChainSafeth in developing #ChainBridge to increase its interoperability with…

5 / 12

Aidan Hyman, CEO of ChainSafe Systems expressed that the future of interoperability depends on projects which form consortiums around the open source software which can solve…

6 / 12

Chain Bridge is a modular multi-directional blockchain bridge, which permits data and value transfer between any numbers of blockchain.

7 / 12

ChainBridge is expected to gain its functionality in a decentralized and trustless manner in a way avoiding central points of failure.

8 / 12

To make a transaction sent across the bridge to be accepted re-layers should provide sufficient votes for the transaction to clear up a certain threshold.

9 / 12

Sydney Ifergan, the crypto expert tweeted:  “Ethereum Classic with Chain Bridge will be able to send assets between Ethereum chains very easily.”

10 / 12

Ethereum Classic are proud about the fact that ETC in no way, shape, or form undermines the purpose of Bitcoin or its vision.

11 / 12

Recently Ethereum Classic called for opinions from the Ethereum Classic community on what might be their thoughts when it comes to limiting or even removing the DAG in the…

12 / 12

The community came up with several opinions like Equip ETC by ProgPoW and solve many of the problems with one shot.

The Currency Analytics

Want the full story?