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Inter-blockchain
WHAT THIS MEANS?
What interblockchains can do
Exchange cryptos
Example: bitcoin swapped with Ethereum
Move cryptos
Example: bitcoin moved to the Ethereum, Stellar or EOS networks
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
=
The problem
Today, fiat money can be moved on different technologies
Today, Cryptos cannot move across blockchains
They are restricted to a single technology
Decentralized exchanges based on smart contract
do not have access to high valued cryptos (ex:
Bitcoin, Litecoin, Ripple, etc…)
Actual major blockchains are too slow to compete
against Visa, Mastercard or simply debit cards for e-
commerce.
A potential solution: Inter-blockchains
Joe
exchanges withJoe Bob,1 bitcoin for 13 EOS
Exchange cryptos
There is an exchange ratio between the cryptos.
They don’t have the same value.
The economic relation is between
Joe
and
Bob
Joe moves 1 bitcoin to the EOS network
Move cryptos
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
To keep the crypto’s value,
there is one essential condition
It should allow the crypto to be redeemed back to its network
Different Interblockchain solutions
Relay blockchains
Strict Interblockchain
Polkadot
Cosmos
Wanchain
They all use an intermediary network
Interblockchain
There is no need for an intermediary blockchain
Today, we move tokens across these blockchains:
Bitcoin
Bitcoin Cash
Ripple
Ethereum
Litecoin
Stellar
EOS
See our demos at http://Interblockchain.io/demo.html

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