Questions tagged [btcrelay]

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BTCRelay - What incentives do relayers have to submit accurate data?

It's possible I misunderstood how BTCRelay works, but relayers submit block headers to verify from Ethereum that transactions took place in Bitcoin. What prevents relayers from committing fraud by ...
4
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1answer
193 views

How to use BTCRelay for my ICO to get funds in BTC?

I want my ICO get investment in BTC also ,When i browse over internet I came up with BTCRelay concept . I tried to read their docs but it make me confused .Anybody give me a simple way to use BTC ...
1
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0answers
64 views

How does BtcRelay ensure the transaction was signed by the claimer?

I noticed in the btcrelay docs that it asks for the tx index, raw transaction, merkle sibling and blockhash. It does not ask for the user to prove ownership of the key that created the transaction via ...
7
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1answer
462 views

How does the BTC Relay validate Bitcoin blocks?

How can the BTC Relay contract verify that relayers are providing valid blocks from the Bitcoin blockchain?
2
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1answer
351 views

Is it possible to transfer value between two cryptocurrencies?

I am interested in whether it is possible to use Ethereum to execute an exchange between two different crypto-currencies, such that the funds are released only once both parties have agreed and in ...
7
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2answers
308 views

Is it possible for Bitcoin to live on the Ethereum Blockchain?

It seems to me that once Casper is fully implemented, the best of both worlds would be for the valuable and scarce BTC token to live on the expedient, efficient Ethereum blockchain. But would this be ...
4
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0answers
193 views

How do I program BTC Relay into my dapp? [closed]

The description of BTC Relay seems pretty cool. So how do I use it practically? Dumb question - I'm a non technical person. Let's say I was building an estore which runs off of contracts. How ...