BTC Relay - Where Ethereum contracts can verify bitcoin transactions
BTC Relay
Where Ethereum contracts can verify bitcoin transactions
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Hunter's comment
BTC Relay is a building block that allows Ethereum contracts to securely verify Bitcoin transactions without any intermediaries: in short users can pay with Bitcoin to use Ethereum DAPPs.
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BTC Relay is a unique ecosystem where transactions on multiple platforms can be verified. This platform is open source and it allows for ethereum contracts to have access in verifying transactions carried out with bitcoin. You can looks at this as a bridge between this two platforms.
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While this is going to open up a whole new concept of bridging both the platforms, I am wondering what would be a use case, to pay and verify a transaction. I mean why one would use this. But again, this could be a new beginning to something new.
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