Technically speaking - How would wrapped ETH or wrapped BTC work on BCH/

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Does anyone have any documentation or ideas that can help with this?

I am struggling to find documentation or discussion on these topics. Does anyone know how this might work on-chain?

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I suppose you can:

  1. Create an ETH smart contract which holds ETH
  2. Create a BCH smart contract using Spedn or Cashscript
  3. Send ETH to step 1
  4. Mint wETH in #2
  5. Do what you want with it
  6. Then reverse the process to go back to ETH?

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Not quite sure, Would there need to be an oracle (I think - yes) from step #2 to step #1 to watch the amount of ETH and 'sender' of the ETH that is deposited?

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Does anyone know where I can find technical resources on this? Ive been diving deep! BCH IS KING!

submitted by /u/lucious_93
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source https://www.reddit.com/r/btc/comments/lm925n/technically_speaking_how_would_wrapped_eth_or/

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