EthereumPoW abandoned

TL:DR: The team who tried to money grab during the merge ran out of money and abandoned the chain.

Ethereum Classic is still the worlds largest Proof of Work EVM network. Decentralized, immutable, and open for business. 

RISC Zero zkevm

🚀 Exciting developments in the world of general-purpose zk technology! We’re witnessing the debut of the world’s first Type 0 zkevm, boasting full EVM compatibility. This translates to a fully STARKed Ethereum!

🔗 The critical element in realizing a comprehensive proof network is consensus. Thanks to zeth, it’s now possible to zk-proof every dimension of Ethereum. At the heart of this advancement? The zkvm, powered by Rust as its foundational programming language. This unlocks access to thousands of Rust crates, offering an expansive toolkit for creating intricate proof systems.

Stay tuned to witness the transformative potential of this breakthrough! 💡

Continuity for an Augmented world

Let’s preface this article with a bit of hand waving. Please assume that we live in a world 5 minutes into the future where we have figured out AR implants or non-ridiculous glasses. However, for now your mobile exo-brain(phone) will work.

I will begin by saying I have felt robbed for some time now. Something is missing. I was promised the future would be a late-stage capitalism state where I would be inundated with interactive 3d advertisements in a gloomy Phillip K. Dick urban sprawl. Granted we are close. I build and trade imaginary internet coins, work for a multinational tech conglomerate, carry a super computer in my pocket, and have a handful of nonhumans living in my house. But I know we can do better. Also <*handwaving intensifies*> in a more decentralized way! Free market persistent advertisements should be everywhere now. Since no one seems interested in making this a reality, I guess I will have to step my game up. Be the change.

On of the most common pitfalls of modern AR is the lack of continuity with actual reality and even itself. I believe this disconnect can be remedied with modern public blockchains. In order for the system to be robust enough for wide spread usage, it will need distributed file storage for rapid access of the advertisements, a public market for advertising space, and a simple recognizable target for the advertisement(to project on, obviously YOU are the real target). And it also goes without saying this will all need to be open source. With these requirements in mind: lets do this!

Burns Capital: Research and Development

For this proof of concept we will be using a the Burns Capital . The success criteria will be if you, the reader, are able to see this logo on demand anywhere in the world. I am using a simple image for demo, however it is just as easy to make 3d objects and any other objects using the same method. That will hopefully be covered in another article. Also, This is living code so it will be updated likely by the time you are reading this. The repo link is at the bottom, its open source, help yourself to the latest code base.

If your impatient; on your mobile, go here

and point your phone at this:

Ethereum Classic ad on the network

System overview

System overview

Before we get too deep into the coding aspect of the system lets briefly look at the network design. 1) A user is served a lightweight web application from ipfs, 2)the webpage uses a public api to access a 3) contract on the ETC network to get information about targets and 4) the advertisements are then retrieved from ipfs and 5) displayed at the target. I refer to this as zero weight architecture.

Dive deep!

File storage:

This one is the easiest of the four requirements. If you are unfamiliar with the interplanetary file system (IPFS), stop everything you are working on, learn about it, and start using it now. When a file is added to the ipfs, it is given a unique identifier. This identifier is used to distribute the file to other ipfs nodes and recall it as needed. Super useful in our case.

$ ./ipfs.exe add ~/Pictures/bclogo.png
added QmRYrsq4uHk3AuVapdyoPtbF4zuzw7dbkc4r8HBKssB3De bclogo.png

The BC logo is now available EVERYWHERE!!!!!! Not super impressive, the internet has existed for some time now but we can now access our unique image using an ipfs API point on our machine or any other machine attached to the ipfs system using its id. The file is also publicly available at the ipfs api point is located at:

Distributed access

Constantly passing around QmRYrsq…. is painful and scales poorly. Being a blockchain architect by trade, this is obviously the job for my baby: Ethereum Classic! We will need a contract which we are able to write to once, and read many times. It would also be nice if no one could over write my logo with out my permission. Other nice to have features include: public rating system like movies and games have, the ability to resell my ad space, and a one to one mapping. To do this we will create a structure and an enum.

enum ratings{G,PG,PG13,R,NC17}
struct arTarget {
string logo;
bool owned;

address owner;

bool forSale;

uint price;

ratings rating;


For simplicity in this demo, we will only be using uint8. This gives us 255 unique seats to map advertisements to which should be plenty to demonstrate the concept.

mapping (uint8 => arTarget) public targets;

A bit on targets

We will be using a 3×3 matrix format without error detection or correction, allowing up to 64 different markers to be identified. They 3×3 targets can be downloaded from this link for your convenience. Yes we are only using 64 of the 255 available seats. In a real future world production environment we can easily scale this up to many many more seats and use a slightly larger grid. The idea is to avoid overly complex structures like qr codes and keep it human readable and if need be drawable.

Reading data from a target

We will need a simple getter to allow users to access the stored information. The two most important pieces of information we will need are the image identifier and the content rating. Some sort of nanny monitoring software should be able to read the content rating and block sensitive viewers from seeing age inappropriate items if desired(out of scope).

function getLogo(uint8 _scan) public view returns(string ipfs, ratings rating){
ipfs = targets[_scan].logo;
rating = targets[_scan].rating;
return (ipfs, rating);}

Buying(and selling) a Seat

This is where things get a little tricky. We need a way for owners to update their seats, new users to buy seats, and both to buy and sell.

function updateLogo(uint8 _arID, string _ipfs) payable public returns(bool success){}

We will take an ID and a string with the unique identifier. This function is payable so we can allow users to buy seats. If everything goes well, we will return a successful result.

The easiest case, a seat is not owned and someone wants to occupy it; we let them. That would look like this:

targets[_arID].logo = _ipfs;
targets[_arID].owned = true;
success = true;}

To save space we will combine the actions that an owner can do and what a stranger can do to an unowned asset. Just pass everything you need to claim a seat

if(targets[_arID].owned && msg.sender == targets[_arID].owner || !targets[_arID].owned){
targets[_arID].logo = _ipfs;
targets[_arID].forSale = _forSale;
targets[_arID].price = _price;
success = true;}

If a seat is for sale and a stranger sends enough ether to buy the seat, we will pay the owner and change the seat info.

if(targets[_arID].owned && msg.sender != targets[_arID].owner && targets[_arID].forSale && msg.value >= targets[_arID].price){
targets[_arID].owner = msg.sender;
targets[_arID].logo = _ipfs;
targets[_arID].forSale = _forSale;
targets[_arID].price = _price;
success = true;

Simple enough for this use 😊

The Police!

As I have no desire to host a distributed crush film repository or any other hyper-objectionable content we will also add a rating review board and give them the ability to remove content. They are free to make their own system if they like, but I won’t be complicit in supporting it. So to accomplish this we will map the account address of our police union to a boolean variable(true for police, false for non police) and create a modifier we can add to some function that only the content police should be able to do. And in the spirit of transparency, we will publish an event whenever the pigs take something down. It will report the action(“removed item”), which public servant removed the content, and a comment string if we want to capture a reason.

mapping(address => bool) contentPolice;
modifier onlyContentPolice(){
event squeal(string action, address officer, string comment);

To give our thought police something to do we will give them this function:

function clearSeat(uint8 _seat, string _comment) public onlyContentPolice returns(bool success){
targets[_seat].owned = false;
targets[_seat].logo = “”;
emit squeal(“removed”, msg.sender, _comment);
return true;

Now we have a short public storage database contract for our advertisements!

Compile and deploy using your favorite blockchain interface and were ready to go!

The AR part!

Welcome to the world of tomorrow! and AR.js will be doing all the heavy lifting for us. These opensource projects are working to bring vr/ar to the masses by building out the webVR frame work. For a quick intro on making an AR project with 10 lines of code check out:

<disclaimer: I’m not a frontend developer>

We will be adding web3.js to the ar demo so we can interact with our blockchain. To do that we need to add the following to the html:

<script type=”text/javascript” src=”"></script>
console.log(“ o Establishing WEB3”)
var uri = ‘http://localhost:8545';
var web3 = new Web3(new Web3.providers.HttpProvider(uri));

Of course; changing the uri to your preferred api point. For the demo page I will be using the etc commonwealth public api point. Add the contract logic :

console.log(“ o Setting up contract”)

var contractAddress = “0x9868a675D36E2554F559771539F00Ed188A33e69”;
var abiArray =[{"constant":false,"inputs":[{"name":"_seat","type":"uint8"},{"name":"_comment","type":"string"}],"name":"clearSeat","outputs":[{"name":"success","type":"bool"}],"payable":false,"stateMutability":"nonpayable","type":"function"},{"constant":false,"inputs":[{"name":"_arID","type":"uint8"},{"name":"_ipfs","type":"string"},{"name":"_forSale","type":"bool"},{"name":"_price","type":"uint256"},{"name":"_rating","type":"uint8"}],"name":"updateLogo","outputs":[{"name":"success","type":"bool"}],"payable":true,"stateMutability":"payable","type":"function"},{"constant":true,"inputs":[{"name":"_scan","type":"uint8"}],"name":"getLogo","outputs":[{"name":"ipfs","type":"string"},{"name":"rating","type":"uint8"}],"payable":false,"stateMutability":"view","type":"function"},{"constant":true,"inputs":[{"name":"","type":"uint8"}],"name":"targets","outputs":[{"name":"logo","type":"string"},{"name":"owned","type":"bool"},{"name":"owner","type":"address"},{"name":"forSale","type":"bool"},{"name":"price","type":"uint256"},{"name":"rating","type":"uint8"}],"payable":false,"stateMutability":"view","type":"function"},{"constant":true,"inputs":[{"name":"","type":"address"}],"name":"contentPolice","outputs":[{"name":"","type":"bool"}],"payable":false,"stateMutability":"view","type":"function"},{"inputs":[],"payable":false,"stateMutability":"nonpayable","type":"constructor"},{"anonymous":false,"inputs":[{"indexed":false,"name":"action","type":"string"},{"indexed":false,"name":"officer","type":"address"},{"indexed":false,"name":"comment","type":"string"}],"name":"squeal","type":"event"}];
var arContract = web3.eth.contract(abiArray).at(contractAddress);

When the viewer loads we want to call the “getLogo” function to get our advertisements and assign them to their respective targets. If no one is the owner of an object, we will show a “for sale sign”

console.log(“ o Assigning assets”);
for( i = 0; i < 6; i++){
console.log(“ response from contract”+arContract.getLogo(i)[0]);
if(arContract.getLogo(i)[0] != “”){
document.getElementById(“tgt”+i).innerHTML = “<a-box src = \”"+ arContract.getLogo(i)[0] + “\”></a-box>”;
} else {
document.getElementById(“tgt”+i).innerHTML = “<a-box src = \”\"></a-box> “;

More to come

This is a very simplistic system for demonstration purposes. Don’t let its simplicity fool you though, this is a live system on the public block chain. The contract can be found and interacted with at: 0x9868a675D36E2554F559771539F00Ed188A33e69 using the abi in the github repo.

ETC-public-Works – public works bots for


ETC in a Post-ASIC resistant world

For brevity in this article I use the term “Ethereum”, however this applies to all systems based on the “preDao Ethereum Prime” that spawned ETH, ETC, EXP, ELLA, and many other versions.

Process this before proceeding:

Ethereum was never ASIC proof and it is no longer ASIC resistant.


Asics for ethhash are here. They are currently and have likely been here for some time and are mining on the public chains. They are much cheaper and energy efficient than current GPU mining rigs and are only available from one source. Their construction is not opensource and no one outside of their manufacturing chain knows how they work, how they process data, or anything about them outside of what has been publicly announced by Bitmain.

Understanding the incentive model for ASIC production requires no knowledge of cryptographic hashing or wonky block chain minutia. Mining is a for profit business. Their profit is a product of their revenue minus variable costs and fixed costs. If they can lower their costs they profit more. Asics are more efficient per mh/s on electric, cheaper, and smaller, offer a clear advantage over current GPU mining rigs.

ASIC resistance is not ASIC proof

How did we get here? Why was Ethereum designed to be ASIC resistant? How was Ethereum ASIC resistant for so long?

A long time ago in a blockchain long forgotten, Ethereum was meant to use Proof of Work until the magical system of PoS was implemented back in 2016. Design and technical debt was added to the system in the form of a difficulty bomb and an ever-increasing DAG to ensure this utopian dream would happen. Both were “temporary” and intended to deter large capital investment in Ethereum mining. Both were poorly thought out for long term sustainment. The difficulty bomb has been removed by both main chains of Ethereum now as it was unproductive and more harmful than necessary. Good riddance. The DAG is something not often discussed outside of mining. The DAG is the property of the ethHash mining function that creates a need for an ever-increasing amount of memory. Memory, being very expensive to add to an ASIC, has been the limiting factor thus far in resistance. The DAG began at 1GB and is currently ~ 2.4 depending on which chain you are mining on. If you have purchased any GPU in the last 18 months you will have noticed a steep price increase at the 4gb size as these are the only cards that are now capable of handling the DAG. Any GPU card or ASIC with less than 3GB( good until April 2019) is unable to meet the current memory requirements to mine. This limits mining to high end cards and, now, ASICS. This constant DAG growth will eventually lead to a broader discussion about bus sizes/speed and memory constraints on consumer grade GPUS, but that is for another post.

For a more in depth dive into the DAG and size calculator check out:

How to effectively combat an ASICS without knowing anything about their design.

Step 1

Reset the DAG to its initial 1gb state.

Step 2

There is no step 2

Resetting the DAG to its initial state and letting it grow retains all the proprieties of ASIC resistance that have always been afforded by making ASICS non competitive on the metric of accessibility. This action would allow nearly every GPU on the planet the ability to mine, while still ensuring it is non trivial to construct ASICS. The hobbyist miners will be given a method of combating centralized ASIC miners thus allowing the community to help themselves by dusting off their old cards and rocking out.

The alternative of doing nothing and really hoping PoS comes or moving goal posts ever 6 months with new algorithms are both incredibly risky and “forky” solutions. Resetting the dag is trivial code wise and great for everyone. Unless you just spent a ton of money developing ASICs.

A Brief Introduction to Blockchain Stargates

Scaling without gimmicks

The original Stargate

From 1997–2007 the series Stargate SG-1 chronicled the experiences of a team of adventurers who traveled through an ancient worlds with a technology known as a Stargate. It was a stable wormhole that allowed anyone who entered the ability to travel to a different planet and return home once their adventure was over. It would have been infeasible for everyone to live on Earth due to logistical constraints and our limited resources.

What this has to do with scaling

The year is 2017. We have developed blockchains that offer the promise of a limitless decentralized future. However many developers seemed to have missed the asterisk the marketing people neglect to mention on public chains. 10–12 tx a second, globally. This is currently a restraint imposed by physics and design mechanics. Uncle rates spin out of control if we push it too far. So for those that came for a bad approximation of math:

For reference

If your app needs to make more writes than that, or even near to that, YOU DO NOT NEED TO BE RUNNING ON THE PUBLIC CHAIN! Those transactions are for a global network, not your personal application. I do understand the common arguments: “it’s a free market let the market decide” and “fees will balance it out” or “everything needs a token and a contract” or even “but scaling and PoS and sharding and <whatever> will eventually come” These things are not true. They were marketing lies. Its easiest to accept this now. Will scaling happen at a realistic pace on the main chains, yes. Will it ever scale to the level where millions of dapps or twitter level data will be stored and transmitted on one chain, no. And it shouldn’t.

The public chains are a community resource; think national park, public lake, the beach. They exist for the everyoneCan you fish on a public lake, yes! Can you dragnet a lake for your business, no. This isn’t a blockchain thing, it is a corporate citizenship thing. It is a common problem in the world where businesses exploit public resources for capital gains. It is up to companies to be good corporate citizens on the block chain and minimize their foot print.

Contracts are Centralized

To get this out of the way. Tokens are centralized. A company owns the contract and creates the application and manages the marketing and product. If you were to really use a token (trading doesn’t count) it would cost you twice as much in gas as a normal transaction because you would need to send a tx to the token which will trigger another transaction to whatever dapp exists. They are a gimmick. Hundreds of thousands of real dollars have been lost on them because of a convoluted design in the original ERC. Several hundreds of million have been lost on other poorly written contracts. These thing are not the fault of the system, and there is no reason to ever hardfork to fix such naive problems. Humans will always write flawed code. Incidentally, if these contracts were run on side chains, the chain could be frozen and everyone made whole on the main chain.

Tying it all together

Companies want users to give them money to use their dapp. If they are a good business, they want everyone to use their app. They would love for others to build apps that can interact with their app and give it more value. They don’t want to deal with outside parties if the need to upgrade their application or be held criminally liable when they freeze everyone’s fund with a flawed code and are unable to fix the issue. Users are already familiar with companies that operate under this model. Services like Coinbase and allow users to send in coins, interact within their ecosystem without fees, and the leave their world when you chose too. However, neither of them allow for auditing or transparency that a side chain could offer.

In SG-1 terms, every dapp wants to be its own planet, but connected to everyone else. The company can set transaction fees, exchange rates, launch multiple dapps for their blockchain platform and still have access to a public chain. They can also do cool experimental stuff like zksnarks, starks, or anything they feel brings value to their system with out jeopardizing the main public chain.

Enter the Stargate

What a blockchain Stargate looks like

Stargates can be designed in any language a company is comfortable with on their server. The software must be capable of interacting with an etherem based chain.

What you will need: ( at minimum)

  • An account you control the private key
  • A connection to the main chain
  • Servers running your private chain
  • A Stargate

What is a Stargate (finally)?

A Stargate is a server side application that listens for incoming transactions on one chain and sends a complimentary transaction on the other chain. A complimentary transaction should be defined as one in which sender and recipient are transposed. At genesis all the tokens in the private system are given to the Stargate account on the private chain. Every token entering or leaving the system will originate at this address.

Entering a world via Stargate:

On the main chain Bob sends 5 ETC to the Stargate account< a 2:1 sg>

The Stargate should:

  • Identify the sender <Bobs account #>
  • Identify the amount <5 etc>
  • Create a transaction from the Stargate account on the private chain
  • To the message sender <Bobs account number>
  • in the proper amount<10 dappcoins>

Bob now has 10 coins on the private chain as he controls the keys on both side.

Dialing home with a Stargate

Bob is finished using a dapp so he sends 16 dapp coins to the Stargate address

The Stargate should:

  • Identify the sender <Bobs account>
  • Identify the amount <16 dappcoins>
  • Create a transaction from the Stargate account on the public chain
  • To the message sender <Bobs address>
  • In the proper amount <8 etc>

Important notes:

The Stargate account is a regular account, not a contract.

If throughput needs to increase, more Stargates can always be added and seeded from the first.

Once inside your dapp ecosystem all of your brand dapps can interact however you want!

In your private chain you can add thing like zsl, or PoS, or PoA, pre-compiled contracts; and still have all the benefits of connecting to the public chain, but without the constraints!

You do not need tokens or even a smart contract to do this.

The main chain is now capable to scale at its own pace. Safely and securely and your users are not constrained by network congestion.

When Can One Do This?

Today! You do not need permission or approval. No need to wait on others to scale for you. Your dapp will scale better than those waiting for permission to grow. Your dapp will have the street cred of all the other crypto projects, but with the ability to actually be functional.

Stargate SG-1 and its characters are the property of Stargate (II) Productions, SCI FI Channel, Showtime/Viacom, MGM/UA, Double Secret Productions, and Gekko Productions.

This blog has been verified by Rise: R8583d2ae9be0ac8c1540f01530007a5b

Simple Locking Contracts: Part 1

There are two ways of constructing a software design: One way is to make it so simple that there are obviously no deficiencies, and the other way is to make it so complicated that there are no obvious deficiencies. The first method is far more difficult. — C.A.R Hoare

The Hash Box

This is probably one of the simplest bits of chain code I have written. But as with all things blockchain, I will lead in with an overly complicated story involving fictional characters. I think Bob and Alice get too much attention so I tend to use the lesser known characters in Cryptopia in my stories. They are all fictional so the names really do not matter.

Victor and the Contest

Victor has announced a contest to all of his friends. He will give 5 coins to whichever of his friend’s can comes up with the best song. Some of Victor’s other friends know they are not good song writers but would also like to donate to the contest. Since Victor does not want to hold all the money in his account(and his friends don’t really want him to hold it), Victor decides to build a plexiglass donation box with a lock and place it in the middle of town. Now everyone can see how much money has been donated to the contest and add money if they like. Since everyone is watching the money, the only thing Victor needs to keep safe is his key. Victor has also announced that he will give the key that opens the box to the winner of the contest and they will then get to claim all the money inside.

Building a Lock and a Box

On the blockchain (a digital “middle of town”) we have several tools to create locks. The cheapest secure lock we can use on ethereum chains is the SHA-256 algorithm. SHA-256 algorithm generates an almost-unique, fixed size 256-bit (32-byte) hash. Hash is a one way function — it cannot be decrypted back. It is the building block of most all blockchains in use today. It was included in the original ethereum code as a precompiled contract, meaning that the hash can be used with very little gas in any contract.

Since any data can produce an almost-unique SHA-256,it will work well for our purposes. We start by making a unique phrase that will be used as the key for our box. For the demonstration we will use the secret phrase: `Alice and Bob sitting in a tree.`

You can use any method you like to get the hash of the phrase, and as long as they use SHA-256 it will always return the same 32 bytes. We will set this hash as a public variable our contract so that anyone can read the hash. As the hash is a one-way function there is no danger of allowing others to view and verify it.

bytes32 public hashLock = e839dfa428e99c99630742d1086c99c51e5be27d702c47a786be6f17c8a3a16;

For a contract to receive and store ether we will need to set its fall back function to payable (making it a simple money box).

function () payable public{}

Now we have constructed both a box that anyone can send funds to and a lock/key for our box. Now we will need to add a way that anyone with the key can claim the contents inside.

function claim(string _WhatIsTheMagicKey) public {
require(sha256(_WhatIsTheMagicKey) == hashLock);

Let’s step through the `claim` function. When someone calls the claim function they will also supple a string that we are calling “_WhatIsTheMagicKey” The first step in the function will test if the SHA-256 hash of the string matches our HashLock. If it doesn’t the function will fail. If the two do match, It will send all of the funds in the box to the person who gave it the magic key. All or nothing (aka atomic). After that the contract self-destructs, cleaning itself up from the public state as it is not needed anymore.

In the Wild

Compiling the byte code can be done any number of ways. I use the built in compiler in Parity, but Remix or truffle will work just as well. I will use to deploy and interact with the contract.

Step 1: Deploy the contract

Paste the bytecode in the deploy contract section on MEW. This will create a new contract.

Step 2: Fund the contract

At this point the lock box is set up. Add as much money as you like, the only way to get the coins out is with key.

Step 3: Verify the Hash

Since hashLock is constant it is free to view.

Step 4: Unlock the Box

Use the ‘Claim’ function can now be called by anyone with the key to get the funds out of the account

The Complete Contract

pragma solidity ^0.4.18;
contract HashLock {
    bytes32 public hashLock = 0x_007_YourHashGoesHere;
    function () payable public{}
    function claim(string _WhatIsTheMagicKey) public {
        require(sha256(_WhatIsTheMagicKey) == hashLock);


The hash box can be used for many things. Bug bounties, contests, simple escrow, you name it. I set the gas price to 10 Gwei so my entire series of tests cost around $.002 USD. This is a simplified version of the hash/time lock contract used in atomic swaps and will be a key building block in a public mixing service coming up.

Part 2: turning a box into a xob….. coming soon

Ethereum Cross Chain Atomic Swaps

In this article, we will create a series of contracts which will allow two people to exchange coins across chains in a trustless atomic manner. An atomic transaction is an indivisible and irreducible series of transactions such that either all occur, or nothing occurs. The contract used is complimentary to BIP-199 so it can be used to transact from ethereum based systems to ethereum based systems or Bitcoin based system(assuming HTLC is allowed).

The difficult problem with cross chain swaps is the off chain coordination required to have the two parties meet and agree on conditions. It is outside the scope of this article, but any communication channel can be used really; email, slack, twitter, reddit, etc….

The background work that makes all of this possible is from BIP-199:

“A Hashed Time-Locked Contract (HTLC) is a script that permits a designated party (the “seller”) to spend funds by disclosing the preimage of a hash. It also permits a second party (the “buyer”) to spend the funds after a timeout is reached, in a refund situation.”

Victor (the “buyer”) and Peggy (the “seller”) exchange public keys and mutually agree upon a timeout threshold.

Peggy provides a hash digest. Both parties can now
 — construct the script and P2SH address for the HTLC.
 — Victor sends funds to the P2SH address or contract.
 Peggy spends the funds, and in doing so, reveals the preimage to Victor in the transaction; OR Victor recovers the funds after the timeout threshold.

On the Ether chains:

Peggy will be played by account: 0x9552ae966A8cA4E0e2a182a2D9378506eB057580

Victor will be played by account: 0x00D29a21429ad90230aCe2B9a1b25fa35bb288B8

The entire transaction explained:

Peggy will:

  • be locking up funds on etc chain (contract A)
  • that will be sent to Victor
  • when the message that hashes to digest is received

Victor will:

  • be locking up funds on eth chain (contract B)
  • that will be sent to Peggy
  • when the message that hashes to digest is received

Things that need to happen off chain:

  • both parties agree to an exchange rate
  • decide on a reasonable time limit
  • decide on who will lead (generate the preimage)
  • share public addresses

For our test conditions:

  • Peggy is the lead and will generate a sha256 digest off chain
  • Our preimage(“this is a test”) hashes to 2e99758548972a8e8822ad47fa1017ff72f06f3ff6a016851f45c398732bc50c
  • 1 hour timeout
  • 1:50 (1 eth = 50 etc) exchange rate

Everything for the test was deployed to the mainnets of both chains and is there available for review. I have included links where practical. All contracts were deployed with MyEtherWallet using byte code generated from the contract located here. To use this contract as is with out spinning up a node: copy and paste it into remix, fill in the variables for your transaction (hash, time, destination) and copy the byte code to MyEtherWallet to sign and deploy. You will need to create new contracts for your swap .To interact with the contract you can use this abi with the contract address in MyEtherWallet.

Step 1: Contracts are deployed
 Peggy deploys ContractA = 0xa1562aa5ad1e178c56f690c6e776c3c3a2c50193 (etc chain)
 Victor deploys ContractB = 0x7cfc4442dd96d6f85dd41d458a13957ba381e05a (eth chain)

Step 2: Both parties lock funds in their contracts
 Peggy sends .5 etc to 0xa1562aa5ad1e178c56f690c6e776c3c3a2c50193 
 Victor sends .01 eth to 0x7cfc4442dd96d6f85dd41d458a13957ba381e05a

Step 3: claim cross chain funds
 Peggy claims her funds from contract B, reveling the secret 
 Victor read data from contract B , get the key, and claims funds on contract A

That’s it! A little anti-climatic that it only takes 3 steps I guess, but everything on a block chain doesn’t need to be hard. If Peggy never claims her ether, Victor can never claim his. If Peggy does claim her’s she reveals the secret and Victor is free to claim his. The timeout exists so Peggy and Victor can claim their funds if something goes wrong.