Bluehelix Bridge Resolution Addresses Cross-Chain Accessibility
Bluehelix has unveiled Bluehelix Bridge Resolution (BBS), a decentralized multi-party computation-based cross-chain bridge resolution that helps the decentralized cross-chain entry of any public chain, any heterogeneous chain, any homogeneous chain, or any ecological native asset.
As of Aug. 31, impartial cross-chain addresses exceeded 1,800, cross-chain deposits and withdrawals exceed 5,000, and cross-chain entry has exceeded $10 million. Bluehelix Bridge at the moment helps BTC, ETH, HECO, BSC, DOGE, Polygon and TRON, and can quickly help Solana, Close to, Cosmos and others.
Bluehelix Bridge is a cross-chain bridge resolution that permits encrypted belongings to be transferred between blockchains. It has been launched for a number of public chains and tasks, and seeks to ascertain a zero-threshold circulation connection for public chain ecological belongings in addition to encourage the mutual chain of all issues within the public chain ecosystem.
Differing from the implementation of cross-chain by sensible contracts available on the market, Bluehelix Bridge addresses the issues of transparency and decentralization by adopting internationally acknowledged and comparatively protected cross-chain strategies and applied sciences. Bluehelix Bridge relies on MPC distributed key know-how patented within the US and Europe, and realizes “fully decentralized” cross-chain bridge companies.
Bluehelix provides a number of benefits, starting with it being absolutely open-source and simple to entry. Initiatives can straight carry out cross-chain operations by way of the Bluehelix public chain and API with none charges. As an open-source public chain, Bluehelix can present underlying help for monetary and business companies by way of open API interfaces.
The system additionally gives help for cross-chain native belongings and deposit strategies Bluehelix helps all public chains and their native belongings, and doesn’t restrict deposit strategies, together with cross-chain deposits from centralized exchanges.
Many cross-chain bridges presently use the sensible contract deployment mannequin for cross-chain, which has numerous flaws in safety, Bluehelix mentioned. Bluehelix has achieved full decentralization with patented MPC distributed key know-how, and any cross-chain consumer belongings have impartial cross-chain custody addresses.
All cross-chain processes and asset transactions on Bluehelix are fully open and clear, together with addresses. Every cross-chain name course of may be queried on the chain and on the explorer. Bluehelix has additionally handed SlowMist and Peckshield. audits.
Any undertaking, public chain, and pockets may be cross-chained based mostly on Bluehelix BBS resolution to realize decentralized circulation between totally different ecosystems. By introducing belongings on different chains into its personal ecology by way of cross-chain, Bluehelix might help the general public chain to ascertain an ecology and assist tasks to shortly deploy and flow into belongings in a number of chains.
Bluehelix helps the N*N cross-chain mannequin and full chain-to-chain information interoperability, and helps public chains to shortly and safely introduce numerous ecosystems in a decentralized method. Presently, Bluehelix is suitable with present mainstream public chains, in addition to all mainstream cross-chain options.
Many cross-chain bridge resolution tasks can not resolve the issues of excessive cross-chain prices and cumbersome cross-chain processes. With Bluehelix Bridge, it helps DeFi tasks obtain protected and free circulation between any public chains, which may be thought to be a “cross-chain model of Curve”.