Cross Chain Innovation Interoperability Taiyang Zhang CEO Dappbase

Cross Chain Innovation & Interoperability Taiyang Zhang CEO Dappbase

Intro Australia/Singapore Virgil Capital Dappbase: Lambda Network Peace Relay

1. Lambda Network 2. Peace. Relay

λ Network (Lambda Network) A protocol for powerful, interoperable decentralized applications

Use cases Self driving cars Invoicing Document notarization Supply chain management AI/blockchain powered assistants: ��

AI Assistant scheduling meetings on blockchain

Underlying protocol design summary

Peace. Relay • Two-way peg between ETC and ETH, allowing cross chain trades & more.

Context

Why interoperability is important

Different blockchains • Different blockchains will exist in their own silos, each with a specific use case. • It is important for them to communicate

How does it work?

BTC Relay

Peace. Relay Quick Tech Overview

Bitcoin Merkle

Merkle-Patricia Trie https: //github. com/ethereum/wiki/Patricia-Tree

For users • Able to exchange digital assets cross chain • Trade ETC on ETH and • ETH on ETC

For developers • Enables a whole new asset class to be traded on ETH • Decentralized exchanges • D

Technical challenges • Verifying headers & ETHASH • Gas costs • Economic incentives

Applications of Peace. Relay

Private-Public Chains • EEA consortium • JP Morgan Quorum • MAS-SGD linked currency. Project Ubin (Deloitte + SG gov)

The crypto road to mass adoption • ERC 20 backed by fiat? • Private chain backed physical assets?

Whats next? • Release of Peace. Relay on Ethereum and ETC mainnet • DApp for minting and locking tokens • ETHASH verification

Acknowledgements • Loi Luu, Nate Rush, Zac Mitton, Joseph Chow, Sam Mayo. We thank Vitalik Buterin, Casey Detrio and Christian Reitwießner from the Ethereum Foundation and Yaron Velner from Smart. Pool/ Kyber. Network for advice

Thanks ETC Summit!