parishy Posted July 14, 2018 Report Share Posted July 14, 2018 Sorry for this newbie question, but i never was the fully technical interested guy and use cryptos mostly as a USER. So is it in any way possible to connect for example BTC and LTC in one chain? And/Or is it possible to "Deposit" BTC in a chain to release the coin xyz - and on the other side a way to burn these new coins to release the "deposited" BTC again? I really hope u understand what i mean - sorry English is not my passion.. Link to comment Share on other sites More sharing options...
ambar33n Posted July 14, 2018 Report Share Posted July 14, 2018 The short answer is no. That is something quite peculiar about chains: you can fork, but you can´t merge. The long answer is ... Yes. For this, you would need to build a system that acts as relay between the chains and I think that Polkadot, and old project, is trying to achieve that. It would act a as relay among chains, so while you would not be able to really connect them, you would be able to have a trust-less relay that would produce actions in the two chains. Now, what you propose, that is converting coins just like that is not possible at the moment, just as it is not possible to burn USD to create Euros. Link to comment Share on other sites More sharing options...
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