Have a question? Want to advertise? Something else? Contact us: [email protected]

From the Front Page


#265 James Prestwich: Summa One - Cross-chain Financial Instruments and Contracts

Published on December 12th, 2018 by epicenterbitcoin


Click to download audio version

While trustless interactions on Ethereum are native to the protocol, trustless interactions between the Ethereum blockchain and other blockchains are difficult to implement. Interoperability protocols heavily rely on atomic swaps, which typically come with a free option problem.

For this episode we’re joined by James Prestwich, CEO at Summa. Summa designs and implements cross-chain financial contracts and instruments such as swaps, options, futures, and auctions. Summa recently conducted a dutch auction spanning the Bitcoin and Ethereum blockchains: Ethereum NFTs were auctioned off trustlessly to bidders on the Bitcoin network. We also discuss Riemann, a framework for deploying transaction scripts to UTXO-based chains, as well as the advantages of the predictability of transactions in UTXO-based chains and how to bring some of those advantages to Ethereum smart contracts.

Topics discussed in this episode:

  • James background in Japanese and how he became interested in blockchain
  • James contributions to Bitcoin Script
  • Summa's recent cross-chain auction in which Ethereum NFTs were auctioned off to participants on the bitcoin network
  • Riemann, a framework for deploying script based transactions to UTXO blockchains
  • Atomic swaps leading to free options
  • Advantages of transaction predictability in UTXO based chains

Links mentioned in this episode:

Sponsors:

  • Azure: Deploy enterprise-ready consortium blockchain networks that scale in just a few clicks

Support the show, consider donating:

This episode is also available on :

Watch or listen, Epicenter is available wherever you get your podcasts.

Epicenter is hosted by Brian Fabian Crain, Sébastien Couture, Meher Roy & Sunny Aggarwal.

Views: 12,668


Comments

Make sure to make use of the "downvote" button for any spammy posts, and the "upvote" feature for interesting conversation. Be excellent.

comments powered by Disqus