Crypto Live News

Researcher Proposes Design To Transfer EthereumPoW (ETHW) Tokens to PoS Chain

Written by: Qadir AK

Written by right arrow

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

  • author facebook
  • author twitter
  • linkedin

Sep 15, 2022

news-image

An Ethereum (ETH) researcher, Marcello Bardus, proposed a design that would allow users to transfer value between the PoW and PoS versions of the post-Merge Ethereum. Bardus took to Twitter to share an eccentric technical design, i.e., a protocol designed for moving EthereumPoW (ETHW) coins to proof-of-stake Ethereum.

As two PoW and PoS versions of Ethereum (ETH) cannot interact with each other directly, a sender needs to verify that he/she locked PoWETH on PoW to transfer any value between them. Even to withdraw PoWETH to PoW Ethereum, the sender needs a proof-of-burn for the amount of the transfer. All these changes can be reflected and verified by state proofs.

Back to top button