PeaceRelay: Connecting the many Ethereum Blockchains

Loi Luu
Loi Luu
Jul 25, 2017 · 5 min read

What is PeaceRelay

How PeaceRelay works?

Moving ETC from/ to Ethereum blockchain trustlessly by using PeaceRelay. The mint process works in three steps (1, 2 and 3) including: 1. locking ETC in an ETC contract, 2. minting ETC token by send the locking transaction and a proof to the token contract running on Ethereum, and 3. the token contract verifies the locking transaction with ETC Relay before minting the corresponding amount of ETC Tokens. The claiming process that allows users to withdraw ETC from their ETC Token happens in three similar steps (4, 5 and 6).

Applications

ETH — ETC exchanges

Private Chain — Public chain

Gas oracle

Next steps

Thanks to Nate Rush

Loi Luu

Written by

Loi Luu

KyberNetwork, SmartPool

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