Separate the yolks from the whites. Keep each yolk in it's own small bowl for later use.
Whip the whites with an electric mixer until stiff peaks form
Fold in the cheddar, chives and salt and pepper
On a parchment lined baking sheet, spoon large dollops of the whites onto the baking sheet, creating 4 clouds. Press the back of a spoon on the center to create a shallow well for the yolk.
Bake for 3 minutes or until it just starts to golden
Add one yolk to each cloud and place back in the oven for 3-4 more minutes
While the yolks are baking, toast up bread on both sides. Generously butter one side.
Remove the eggs from the oven and place a cloud on each piece of toast