ChainXBTC Asset Cross-Chain Development Route

Originally Published by PolkaX ChainX community: 11.12.2020

CHAINX · PCX

ChainX 1.0 network BTC cross-ChainX hosting scheme has been successfully running for nearly two years. ChainX is based on Substrate technology, using a cross-chain solution combining light node side chain relay and witness, which once led the industry in the field of decentralized assets cross-chain, in May 2019, at the beginning of the line in a very short time across the chain of over ten million US dollars. But because BTC does not have Turing complete capability, the bottleneck of the light-node cross-chain hosting scheme is real.

XBTC latest hosting solution has been in the design and development,and will be introduced in detail according to the research and development results and direction of ChainX BTC roadmap of assets across the chain.

XBTC 2.0：Introducing the Valut mechanism to realize trustful asset cross-chain

Introduction:

Based on the XCLAIM framework to achieve a de-trusted and efficient cross-chain system of assets, through XCLAIM (BTC, XBTC) introduces two protocols to achieve decentralized, transparent, consistent, atomic and censorship-resistant cross-block chain transactions.