RATE Group | Bitcoin Cash [BCH] and Ethereum Classic [ETC] cross-chain bridge created for the communi…
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Bitcoin Cash [BCH] and Ethereum Classic [ETC] cross-chain bridge created for the communi…

23 Sep Bitcoin Cash [BCH] and Ethereum Classic [ETC] cross-chain bridge created for the communi…

Posted at 08:03h in Ethereum News by

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On 21st September, hop13, a member of the cryptocurrency subreddit platform r/BTC posted about creating a bridge between Bitcoin Cash [BCH] and Ethereum Classic [ETC] via a cross-chain system. The post was titled ‘Working Cross-Chain Bridge: Pay in BCH – Receive Ethereum Classic Dividend token in return’. The member wrote:

“I’ve been experimenting with Bitcoin and connecting it to Ethereum Classic (ETC), and have created a cross chain system in which you can donate with Bitcoin and receive an ERC-20 token that pays dividends based on other transactions in the network.”

In the blockchain space, a cross-chain transaction is the one that provides the facility for two different cryptocurrencies to be transacted in a single system. For instance, one can send Bitcoin Cash and receive another cryptocurrency in return. The Reddit user, hp13, who initiated the BCH-ETC cross-chain experiment also instructed the community to possess an ETC wallet known as Saturn…

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