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wirelineio / wns

Wireline Naming Service
GNU General Public License v3.0
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Ethereum/WNS Pegging #77

Open dboreham opened 4 years ago

dboreham commented 4 years ago

From @afdudley:

The actual WIRE tokens will be issued from Ethereum. in such a way that their movements on the wireline blockchain are posted back to ethereum.

AFDudley commented 4 years ago

We are still working on the final specification but as it stands today, WIRE will be issued on the Ethereum blockchain via something similar to what is described here: https://medium.com/plasma-group/ethereum-smart-contracts-in-l2-optimistic-rollup-2c1cef2ec537

(We probably wouldn't be using the ethereum network as the availability oracle.) Additionally, this interface between Ethereum and wireline generates vouchers. The actual state transition of wireline services will never hit the ethereum blockchain. I'm just writing this mostly as a reminder, I'll add more/edit later.

Also, we will need to sort all of this out on the wallet/key management side as well.