When users initiate a BTC deposit transaction to the public multi-signature address on ChainX , and at the same time attaches his own ChainX account address information in OP_RETURN, the ChainX relay will automatically submit a transaction certificate, and after obtaining the ChainX light node security confirmation, the OP_RETURN ChainX account will automatically get 1: 1 X-BTC. X-BTC can participate in asset mining, fast transfer and DEX transactions.
ChainX adopts an open and transparent model of full reserve to issue X-BTC 1: 1, which gives BTC 2s fast transfer and decentralized transaction capabilities within the ChainX network, and transfers the highest credit X-BTC to Polkadot .
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
