In the Past: Learning Quietly for building solid foundations and connections. In 2017, we decided to build BTC cross-chain interoperability called ChainX, implementing with Substrate program language, which was launched two years before Polkadot and one year before Kusama.

Cross-chain classification According to whether it is homogeneous or not, it is divided into: Heterogeneous cross-chain and Isomorphic cross-chain According to the content of cross-chain transmission, it is divided into: message cross-chain and asset cross-chain According to the degree of trust, it is divided into: Centralization, Multi-center, Decentralization Isomorphic assets Cross-chain Ethereum Layer 2

The well-known Ethereum Layer 2 that has launched the main network includes Arbitrum, Optimism, and Polygon. But do you think these are exactly what you expected? I think everyone’s answer is NO. Although Arb/Opt uses opt roll-up technology to solve the problem of cross-chain connection from trusted Layer1 to Layer2…

Since 2022, the global economy has been in rapid decline. The U.S. stock market and crypto markets have also been hit hard. The word I hear most often from many of my friends in the community is “tough”. Almost everyone’s income is declining, regardless of what industry they work in…

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…