BitGreen is coming to Polkadot, publishes preliminary roadmap
On January 15, 2021, the BitGreen team published an article buttressing the limitations of its current blockchain. The team then proposed a collaboration with Polkadot as a way to reduce “maintenance issues and costs,” expand its community and explore the potentials of DeFi integrations, smart contracts, and interoperability.
That being said, a significant percentage of the BitGreen community voted in favor of migrating to the Polkadot ecosystem. For some clarity, Polkadot is an open-source sharding multi-chain protocol. Through its sharding architecture, the protocol is enabling layer1 scalability.
BitGreen has revealed its preliminary plan of action and timeline for migrating to Polkadot.
Judging from the image above, BitGreen is already testing deployment. The entire process might take about four months.
BitGreen is also working on making the swap procedure as easy as possible. So far, it has been revealed that the easiest way to initiate the swap will be via the mobile wallet. Community members are also encouraged to start swapping as soon as possible. Finally, the webwallet will not be supported for the swap. Users who fall into this category are advised to contact support.
The swap architecture can be summarized as follows:
Mobile and desktop wallets will connect to their individual data stores and draw ALL private keys that were ever used from the store. They will then sign a message with every single address including a new target address on the Substrate blockchain. The signatures will be gathered and uploaded as a package to the Swap API. There the signatures will be verified and the Snapshot Explorer is queried for balances of individual addresses and sends a total balance to a new chain address.