What is ChainX, Besides the Polkadot Parachain

ChainX
1 min readMar 11, 2020

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Many People who are familiar with Polkadot, have some knowledge of ChainX. let’s talk briefly, what is the positioning of ChainX? How can it be achieved (core)

As the first domestic Substrate chain, ChainX is currently the world’s largest Bitcoin Layer2 network, and has been making efforts for the new ecosystem of Bitcoin. ChainX’s positioning is Bitcoin’s ecological portal. As a cross-chain asset gateway, ChainX will inevitably become the first successful application platform for Bitcoin, which will bring Bitcoin to Ethereum-like functions, including Defi, stablecoin , Dapp and other applications.

ChainX will use the development experience in the Substrate field to graft a new smart contract to Bitcoin to realize the new functions of Bitcoin. With the development of the BTC smart contract ecosystem, we will build a web 3.0 era where the underlying digital gold, the upper value Internet, and the value flow freely from chain to chain through the asset gateway.

About ChainX

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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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