ChainX ChainX is deploying XBTC mortgage contracts to realize bitcoin omnichain lending ChainX is deploying the XBTC mortgage contract and the Client contract that calls the stablecoin pools on the target chains to realize one of OmniBTC’s core businesses, bitcoin omnichain lending. The process is expected to be completed in October…

By ChainX & ComingChat CEO, GG From 2017 to the present, I have been working in the field of blockchain cross-chain for 5 years, and I have also experienced the development and transformation of cross-chain technology. Cosmos and Polkadot were the first to focus on cross-chain, but if the term…

ChainX ChainX will implement bitcoin omnichain lending ChainX is deploying the MakerDAO protocol and the LayerZero protocol to realize the bitcoin omnichain lending business. At that time, users will be able to borrow any stablecoin on any chain by locking XBTC, without using a cross-chain bridge. Article link:https://twitter.com/chainx_org/status/1541996353764859905?s=20&t=uta-pD1KbtLe89oQyEdIbQ ComingChat

Existing Problems: Currently, there are two key problems with the lending business of Bitcoin as follows. 1. Bitcoin accounts for almost half of the total market capitalization of the crypto market, but the lending business around Bitcoin has been largely dominated by centralized institutions. Obviously, this trust-based lending model is very fragile, especially…

1.Unify the liquidity of all bridges In the current system, bridges compete to attract liquidity providers to use their services. This would fragment the limited available liquidity between bridges and their respective paired pools, making capital inefficient. LayerZero changes this — it allows a single liquidity pool to be tied to all connected chains (but with…

ChainX ChainX plans to map CIDs to various types of addresses on-chain The first task of ChainX after completing EVM compatibility: To achieve the mapping between #CID and #ENS or addresses of various chains. …

Token $OP has been listed on major exchanges. Optimistic Ethereum is an EVM compatible Optimistic Rollup chain. We are not going to introduce the project here, but try to capture what all these chains at the cutting edge have in common. …

We all know that ChainX adopts the PoS consensus mechanism. But there may be some misunderstandings about PoS. PoS refers to mortgage tokens as voting rights. Generally speaking, the more tokens mortgaged, the greater the voting rights. Proof of stake only allows any node to join, ensuring the openness of…

Any organization or individual should have the ability to be prepared for danger in times of peace. We have to learn to think constantly: who will beat us? Or, who will replace us in the next stage? Undoubtedly,these thoughts are very significant. …