Friday, January 4, 2019

NIPoPoWS - What are they and how will they affect ETC?

NIPoPoWs allow blockchains to communicate and interoperate, like APIs, but without connecting to the blockchain network and without downloading all block headers. Can't see images? Click here...

Hi there,

NIPoPoWs allow sidechains to communicate and interoperate, but without all the overhead of syncing a full chain. This allows for a streamlined proof-of-work verification process for mining & transactional events that are not directly connected to a specific blockchain while maintaining the same level of security blockchain networks are known for. 

How does this affect Ethereum Classic? The same way ETC's blockchain supports smart contracts, a contract can be created that validates an event on a sidechain and then reacts accordingly. For instance, a payment made on Ethereum Classic could cause a payment to be released by a sidechain smart contract.

Learn more about NIPoPoWs Here!

P.S. The ETC Cooperative is hiring!

Thanks again for choosing to keep up with ETC.

Until next time,

~Anthony Lusardi
Director, US | Ethereum Classic Cooperative
@pyskell

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