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The number of Internet of Things (IoT) devices is increasing rapidly. The Trustless Incentivized Remote Node Network, in short IN3 (Incubed), enables trustworthy and fast access to a blockchain for a large number of low-performance IoT devices. Although currently IN3 only supports the verification of Ethereum data, it is not limited to one blockchain due to modularity. This thesis describes the fundamentals, the concept and the implementation of the Bitcoin verification in IN3.
Tokenization projects are currently very present when it comes to new blockchain technologies. After explaining the fundamentals of cross-chain interaction, the bachelor thesis will focus on tokenizing technology for Bitcoin on Ethereum. To get a more practical context, implementing the currently most successful decentralized tokenization project is described.
The Blockchain is a technology which has the capabilities to change the way, the world operates. As promising as this may be, there are still many challenges which do not exist or are way simpler to solve in conventional software solutions. Services which are offered over the blockchain suffer from so called Block-confirmation-times where the customer simply has to wait till the transaction is confirmed. In this paper possible solutions to that problem will be examined and challenges that arise from the specific criteria of the Ethereum Blockchain will be analyzed.