Bridging BRC-20 to Ethereum

• URL: http://arxiv.org/abs/2310.10065v2
• Date: Fri, 22 Mar 2024 04:27:06 GMT
• Title: Bridging BRC-20 to Ethereum
• Authors: Qin Wang, Guangsheng Yu, Shiping Chen,
• Abstract summary: We design, implement, and evaluate a lightweight bridge to connect the Bitcoin and networks that were heterogeneously uncontactable before. Inspired by the recently introduced Bitcoin Request Comment (BRC-20) standard, we leverage the flexibility of Bitcoin inscriptions by embedding editable operations within each satoshi. A user can initialize his/her requests from the Bitcoin network, subsequently triggering corresponding actions on the network.
• Score: 3.2763090690491343
• License: http://creativecommons.org/licenses/by/4.0/
• Abstract: In this paper, we design, implement, and (partially-) evaluate a lightweight bridge (as a type of middleware) to connect the Bitcoin and Ethereum networks that were heterogeneously uncontactable before. Inspired by the recently introduced Bitcoin Request Comment (BRC-20) standard, we leverage the flexibility of Bitcoin inscriptions by embedding editable operations within each satoshi and mapping them to programmable Ethereum smart contracts. A user can initialize his/her requests from the Bitcoin network, subsequently triggering corresponding actions on the Ethereum network. We validate the lightweight nature of our solution and its ability to facilitate secure and seamless interactions between two heterogeneous ecosystems.

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