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Cross-chain transfers in proof-of-work blockchains

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Primalbase

Potsdamer Platz 11

10785 Berlin

Germany

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Dionysis Zindros leads a discussion on how cross-chain transfers are built and the conditions required for creating such sidechains.

Space is limited - register now to secure your place.

As Bitcoin’s dominance declines and competition from altcoins rises, the need for ‘cross-chain’ applications (based on proof-of-work) has increased. The ability to make logical transactions spanning several blockchains is required to expand opportunities.

Using sidechains has been considered a possible solution to scalability, thanks to its ability to off-load work from the network. As is common with development, security concerns of the protocol are holding implementation back.

How can this concept be introduced without compromising security?

When it comes to widespread implementation of sidechains, constructing secure, efficient cross-chain transfers in a decentralised way may address some of the questions surrounding interpolarity and security.

Based on a new cryptographic primitive, ‘Non-Interactive Proofs of Proof-of-Work’, we will learn what conditions are required to make such sidechains and how they can be enacted.

Dionysis Zindros will introduce this model, which allows verification without whole blockchain processing and is protected from attacks thanks to its non-interactive properties.


Don’t miss the discussion! Join us from 18:00 local time on Thursday, 5 July at Primalbase Berlin on Postdamer Platz. The event is free, but space is limited - sign up today to secure your place.

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Primalbase

Potsdamer Platz 11

10785 Berlin

Germany

View Map

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