More information about CHAINX
About
ChainX, one of the earliest projects to launch in the Polkadot ecosystem, is committed to the research and application of Bitcoin Layer 2 expansion, its growth as a digital asset gateway and becoming a Polkadot second-layer relay chain for cross-chain asset exchange. A true pioneer in the development of Bitcoin Cross-DeFi.
Bitcoin derivative platform
Bitcoin, with a market capitalization on its way to reaching US$1 Trillion, holds the key to the digital currency world. Its value proposition is enabling further and deeper blockchain technology breakthroughs, validating Bitcoin as a payment method and a superior way of transferring and storing value; in the eyes of many, we have only seen the tip of the iceberg in terms of its full potential.
ChainX is deeply committed to researching and expanding Bitcoin’s Layer 2 financial platform, striving to promote Bitcoin’s value flow, enrich financial derivative opportunities and improve hedging tools.
Digital asset gateway
The The ChainX asset gateway is composed of two parts: decentralized Bitcoin trusteeship and inter-chain asset mirroring.
Users deposit and collateralize bitcoins for X-BTC and use this in transactions with synthetic assets of other cryptocurrencies, growing to a wide range of cryptocurrencies that can be exchanged and traded on the same chain.
Polkadot second-layer relay chain
Parachains are developed using different types of blockchain technology. Relay chains are responsible for safeguarding the network’s co-sharing consensus and facilitating inter-chain transactions among parachains. The relay chain itself does not deploy any applications. Parachains are the ones that develop and deploy applications.
Polkadot’s focus on the efficient, inter-chain connection within its ecosystem advances all blockchain development to a new level and it looks set to usher in Blockchain 3.0. ChainX will run as the second-layer network to Polkadot after it releases version 2.0.
Bitcoin derivative platform
Bitcoin, with a market capitalization on its way to reaching US$1 Trillion, holds the key to the digital currency world. Its value proposition is enabling further and deeper blockchain technology breakthroughs, validating Bitcoin as a payment method and a superior way of transferring and storing value; in the eyes of many, we have only seen the tip of the iceberg in terms of its full potential.
ChainX is deeply committed to researching and expanding Bitcoin’s Layer 2 financial platform, striving to promote Bitcoin’s value flow, enrich financial derivative opportunities and improve hedging tools.
Digital asset gateway
The The ChainX asset gateway is composed of two parts: decentralized Bitcoin trusteeship and inter-chain asset mirroring.
Users deposit and collateralize bitcoins for X-BTC and use this in transactions with synthetic assets of other cryptocurrencies, growing to a wide range of cryptocurrencies that can be exchanged and traded on the same chain.
Polkadot second-layer relay chain
Parachains are developed using different types of blockchain technology. Relay chains are responsible for safeguarding the network’s co-sharing consensus and facilitating inter-chain transactions among parachains. The relay chain itself does not deploy any applications. Parachains are the ones that develop and deploy applications.
Polkadot’s focus on the efficient, inter-chain connection within its ecosystem advances all blockchain development to a new level and it looks set to usher in Blockchain 3.0. ChainX will run as the second-layer network to Polkadot after it releases version 2.0.
https://chainx.org/
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