ChainX
3 min readJul 23, 2020

ChainX will Allow Asset Exchanges Between Polkadot and Filcoin.

here comes the game changer. ChainX is able to connect the two projects.

8. ChainX will allow asset exchanges between Polkadot and Filcoin.

Connecting Filecoin and Polkadot stands at the forefront of our mind, but real progress will be made after FIL and DOT networks are completed. Only after the two star projects are completed and implemented can we put the option of a parachain on the table. So the real challenge falls on the development of Dot and FIL.

However, here comes the game changer. ChainX is able to connect the two projects.

The goal of Polkadot is to facilitate free information flow between chains, which does not involve any user applications. Besides Most data on blockchain is assets and ChainX assumes the role of asset gateways between Polkadot and its periphery, bringing mainstream BTC, FIL and other external assets into the Polkadot ecosystem, so FIL can be introduced to Polkadot through ChainX and circulate afterwards.

In addition, X-BTC on ChainX can also be used as one of the payment methods for Filcoin storage.

9. ChainX forms the Web3 ecosystem with great connectivity!

In this way, ChainX can connect the Bitcoin community with Polkadot and IPFS&FILCOIN. These are solid blockchain infrastructure with miners, users and communities. Being all connected via ChainX constitutes a reinforcement of strength and influence with substantial overlaying effect, and jointly a new Web 3.0 ecosystem with interconnected chains and free flow of value will be born.

10. Series of Grants accelerate the process of Web3 building.

The prosperity and development of blockchain networks cannot be achieved without community support. The path leading to Web3 calls for more people to contribute. Therefore, the ChainX Parliment launched a series of Grants to encourage developers, community operators and market personnel to participate in the process. It can be applied for multiple times with up to 100,000 US dollars for one project at most. There are the following development directions.

ChainX Wallet: there are many mobile wallets that support ChainX transfer and interest withdrawal, but no designated one for ChainX. So you may choose to develop peripherals or the mobile wallet itself.

ChainX Smart Contract Platform

You may emulate the ecosystem implemented on EOS / ETH, or you may design new DApps! We welcome both.

Transfer Bridge —

Transfer bridge is the core idea of ​​blockchain inter-chain technology and a main funding aspect for ChainX.

The code of ChainX is open-sourced including the Bitcoin bridge. ChainX hopes to bridge with more valuable assets. We encourage community developers to actively participate.

Defi —

ChainX combines Bitcoin and smart contract platform. So Bitcoin Defi is our focus.

Community and Market

ChainX is operated by its community in a completely decentralized way. If you have better operation plans, why not join us?

Inter-chain advantage equips ChainX to connect Filcoin, Polkadot, Bitcoin and other value assets, which facilitates greater storage capability for blockchain and in return will acceleratingly usher in the era of Web3. I call on everyone to participate in the joint course and do our bit.

About ChainX

ChainX
ChainX

Written by ChainX

ChainX is a BTC Layer 2 solution compatible with EVM that utilizes Bitcoin as a gas fee, serving as the predecessor network of BEVM.

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