ChainSwap Progress Updates
ChainSwap presents technical progress and ecosystem development to the community periodically. Any type of constructive feedback and suggestions are welcome.
ChainSwap is currently working on two pipelines, Chainswap bridge aggregator and native token bridge V2.
ChainSwap Bridge Aggregator
ChainSwap bridge aggregator gathers all key existing bridges such as Anyswap, Polynetwork, and Connext etc. into one platform. ChainSwap bridge aggregator allows users to select different bridge routes through ChainSwap and access to all existing popular bridges. This reduces the time and effort of searching for new bridges.
It doesn’t only provide users with the a variety of options, but also the cheapest handling fees and the best user experience when bridging their tokens cross-chain.
In addition, ChainSwap will launch the aggregate API which collects all aggregated bridge data and back-end work. This API will be open-source for developers.
Native Token Bridge V2
The ChainSwap native bridge V2 is not a copy of any existing bridge. It proposes a brand-new decentralized way of listing tokens. Currently, the on-boarding of tokens is a huge barrier for bridge scaling and it also brings security weaknesses as the bridge service provider needs to add new projects to the bridge list and deploy bridge contract for the projects manually. ChainSwap V2 approaches the problem from a decentralized perspective. For ChainSwap V2, all tokens will be pre-set. There is no need for projects or entities to apply to list their tokens. Instead, The first person to bridge the token will activate the token bridge automatically.
Chainswap V2 will be integrated into the Bridge Aggregator as one of many bridge options.
New Team Member (We are still hiring!)
We recently welcomed one front-end and two back-end developers to the ChainSwap team. ChainSwap will not be defeated by the previous failures and we are determined to stay and buidl.
ChainSwap is a cross-chain asset bridge & application hub for smart chains. ChainSwap allows projects to seamlessly bridge between ETH, BSC and HECO. In the future ChainSwap will be integrating chains and provide full cross-chain solutions between BTC, DOT, SOL and more.