2. What interblockchains can do
Exchange cryptos
Example: bitcoin swapped with Ethereum
Move cryptos
Example: bitcoin moved to the Ethereum, Stellar or EOS networks
3. Just to recap
AccountIDs Balances
0xJJsgdsteyw 200
100
0xsJJHnsQpB 150
0xAHsgwUHH
Cryptocurrency
Or
cryptoAsset
OR
Ledgers
A cryptocurrency or a cryptoAsset is registered in a ledger
A blockchain is a network of servers hosting one or several ledgers
= AccountIDs Balances
0xJJsgdsteyw 200
100
0xsJJHnsQpB 150
0xAHsgwUHH
AccountIDs Balances
0xJJsgdsteyw 200
100
0xsJJHnsQpB 150
0xAHsgwUHH
AccountIDs Balances
0xJJsgdsteyw 200
100
0xsJJHnsQpB 150
0xAHsgwUHH
AccountIDs Balances
0xJJsgdsteyw 200
100
0xsJJHnsQpB 150
0xAHsgwUHH
Ledger
Ledger
=
11. There is an exchange ratio between the cryptos.
They don’t have the same value.
The economic relation is between
Joe
and
Bob
12. Joe moves 1 bitcoin to the EOS network
Move cryptos
13. The moved crypto keeps its value.
The destination crypto is a replica of the original one
The economic relation is between
Joe
and An Interblockchain
14. To keep the crypto’s value,
there is one essential condition
15. It should allow the crypto to be redeemed back to its network
23. Today, we move tokens across these blockchains:
Bitcoin
Bitcoin Cash
Ripple
Ethereum
Litecoin
Stellar
EOS
See our demos at http://Interblockchain.io/demo.html