Why ChainX Choose to Open-source When Polkadot Goes Online

The launch of Polkadot is not only an important milestone in the Polkadot ecosystem, but also of great significance to the entire crypto community, marking the arrival of the new Web 3.0 ecosystem of 10,000 chain interconnection, asset cross-chain, and free flow of value. For ChainX, we will act as an asset cross-chain asset hub as a parallel link into the Polka Ecosystem, bringing BTC, FIL and other cross-chain assets to the entire ecosystem. ChainX is the world ’s largest Bitcoin two-tier network and Bitcoin smart contract The portal will connect the BTC community and the Polka community to promote the full implementation of BTC smart contracts.

Choosing this time point is also an important milestone for ChainX since its launch. ChainX will work with global developers, the Polkadot community, the Bitcoin community, and the Filecoin community to flourish.

Secondly, from a technical point of view, since ChainX was launched as early as one year ago, since the initial development of Polkadot, it was also accompanied by bug fixes and the realization of new functions and iteration of versions. The current underlying version of ChainX is the old version of substrate. After Polkadotgoes online, we will upgrade to the latest version and open source to accept community audits.

About ChainX

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ChainX

ChainX

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ChainX is the largest Layer-2 network of Bitcoin, based on Substrate, and will evolve into the Polkadot Secondary Relay Chain.