0xf8b5c45c…b682sent to0x71fb9db5…142f·#13,002,355·view on Etherscan
Blockchain technology can make a significant impact on our daily life. Finance, supply chain, identity management, digital assets, and distributed storage are some areas that allow us to see infinite potential of a new generation of decentralized internet protocols. Blockchain can be a reshaping mechanism for social-economic operations. However, due to the massive development of blockchain, the phenomenon of information isolated island is re-emerging. Information exchange and asset replacement between blockchain infrastructures are limited. If blockchains are regarded as isolated computers, then we might as well go back to the nascent era of the internet in the 1990s.
At present, the two most representative solutions on the market are Cosmos and Polkadot. Cosmos is mainly a cross-chain protocol for homogeneous chains, and the IBC protocol has not been fully developed yet.
In order to build a better next-generation internet infrastructure, we have launched a new cross-chain technology, the Poly Network. Poly Network is based on the side-chain/relay mode and adopts a two-layer architecture. It employs the Poly chain as a cross-chain coordinator, multiple homogeneous chains as crosschain transaction executors, and Relayer as a cross-chain information porter. By resolving issues such as trust, security and transaction issues of chain data, we have realized a safe, easy-to-use and efficient cross-chain system.
Our protocol includes the following two parts:
1. a solution to implement interoperation between blockchains
2. a two-phase commit protocol for atomic cross chain transactions
This groundbreaking interoperability protocol mainly has the following advantages:
• Wide range of support and strong versatility
Support for heterogenous and homogeneous chains, including BTC, ETH, NEO, Ontology and Cosmos. Our protocol can quickly support other heterogeneous chains and don’t need to make a lot of changes to the underlying architecture. For the heterogeneous chain that are already supported, the homogeneous chain fork from the chain can join in seamlessly.
• Easy to join in
If the underlying architecture of the chain supports smart contract, only two contracts need to be deployed to support cross-chain. If not, only two additional functional modules need to be added.
• Support atomic transaction
Our protocol aims to achieve the ultimate and atomic nature of cross chain transactions, with a focus on cross chain smart contract interactions to extend the scope of application scenarios for decentralized applications.
• Support cross-chain of arbitrary information
Our protocol is not limited to cross-chain of assets, it will support crosschain of arbitrary information.
• Security Enhancement
Our protocol is based on cryptography, and adds a complex set of mechanisms at the technical and operational levels to enhance the security of cross chain transactions and interactions.
• Eco Friendly
Our protocol is designed for cross chain, and neither issuing tokens nor a dedicated smart contract system, it is more able to deal with compliance issues, the alliance chain and private chain can also join in.