How does the Multi-chain Assets Enjoy the Same Smart Contract Services on ChainX

2 min readApr 24, 2020

ChainX uses a inter-chain approach to integrate multi-chain assets so they can enjoy the same smart contract services

It expands BTC applications because BTC can only perform several transactions per second on the Bitcoin chain, but mapping it to ChainX chain, transaction throughput and response speed are greatly improved and transaction cost reduced, fulling showing its advantages as a base currency by participating in ChainX’s various DApp services.

ChainX is built on the new generation of WASM smart contract technology that enables the development and deployment of various DApps.

Currently, runtime contract development is supported, and later contract development will be supported. Developers can use any language that can be compiled into WASM, and the development support for Rust is the best in the early days. The current chain performance can reach hundreds of TPS with complete verification system.

The system exchange DApp adopts a free matching model without charging any matching fee.

Traditional exchanges charge about 0.1% matching fee. Users pay a lot of fees for many transactions, which is much higher than the miner’s fees on the chain. ChainX’s completely decentralized community business model will not be benefiting any centralized party and truly enables it to become user’s own system.

Community developers can design different economic models and application scenarios in various upcoming applications.

For example, stablecoins backed by BTC, ZEC-based privacy payment system, and various games or high-end financial derivatives and services.

About ChainX

Official website: https://chainx.org
Wiki: https://github.com/chainx-org/ChainX/wiki
Twitter: https://twitter.com/chainx_org
Medium: https://medium.com/@chainx_org
Telegram: https://t.me/chainx_org
White paper: https://chainx-static.oss-cn-hangzhou.aliyuncs.com/chainx_en.pdf
Desktop wallet: https://github.com/chainx-org/chainx-wallet/releases/tag/v1.0.3
Official Wechat: interchain