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License: MIT License
Cross-blockchain Asset Transfer Protocols
License: MIT License
You guys burn tokens in a ERC20 smart contract of blockchain A, then mint some new tokens in another ERC20 smart contract of blockchain B. But these 2 smart contracts are totally different to each other, therefore the minted tokens are in fact different from the burned tokens. This is not cross-blockchain asset transfer at all.
The most important part of this project is how a smart contract in one blockchain can verify a transaction in another blockchain. But you guys didn't show that, and in the test you just assumed that everything is verified correctly with "setupContracts(1, 1, true);". Really??
If you want a smart contract in blockchain A can verify some transactions in blockchain B, you will definitely need a trusted third-party that always sends transaction information of blockchain B to blockchain A. Otherwise, it's impossible.
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