The post Researcher Proposes Design To Transfer EthereumPoW (ETHW) Tokens to PoS Chain appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

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.

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