ChainX inter-chain asset is just the first step. The bigger thing in the future is to provide inter-chain assets as engines for any inter-chain. In the future, as long as the chain connect to ChainX, it can communicate with all assets.
First of all, the commision of every operation in the ChainX system will be taken by PCX . Secondly, although the inter-chain assets can participate in PoS mining, while the market is constantly fluctuating, so as their mining power . Only the PCX generated by mining is stablly one asset one vote. Finally, PCX is also the only thing to be considered regarding the node election and on-chain governance.
Actually the asset inter-chain is just the first step. The greater significance of it is to enhance the scalability of the original chain and participate in the future inter-chain ecology. For example, Only a few transactions could be done per second on the Bitcoin chain, but after being mapped to the ChainX , not only the transaction throughput and response speed will be improved largely, but also transaction costs will be reduced greatly. Bitcoincan play as the base currency in ChainX and participating in various DApp services on ChainX
ChainX currently only has DEX on the chain, but when the smart contract is deployed, there will definitely be more applications, and Polkadot will also have special contract chains, various functional chains, etc. relayed, The assets on ChainX can participate in the entire application and inter-chain ecology.
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
