Bluehelix Bridge cross-chain bridge alliance Polygon to create an era of 10,000-chain interconnection

Today, Bluehelix Bridge, the world’s largest decentralized cross-chain bridge based on MPC, announced that it has successfully obtained Polygon Grant support and the two parties have reached in-depth cooperation. The decentralized cross-chain bridge solution provided by Bluehelix Bridge will open up Polygon’s multi-chain ecology such as BTC, ETH, BSC, HECO, Cosmos, etc., realize multi-chain asset circulation and information interaction, and create a blockchain interconnection. The era, together to provide power for the DeFi application ecosystem. 

Assets

Bluehelix Bridge leads technological innovation, can support the cross-chain and circulation of any heterogeneous chain and homogeneous chain ecological assets, can be fully compatible with various cross-chain technologies and standards, and realize the interoperability of blockchain applications between different chains . The Bluehelix Bridge cross-chain bridge is like a blockchain ecological transportation network, which can help project parties, public chains, wallets, etc., cross-chain assets and realize decentralized circulation between different ecosystems.

Polygon To solve Ethernet Square, congestion and health, is committed to enhancing Square Ethernet throughput, scalability, and availability to solve the problem, almost to zero transaction costs, provide a good operating experience DApp users, significantly reduces developers to deploy scalable smart Contract fees and help developers of Ethereum such as DeFi, NFT, games, and DEX to deploy Ethereum with zero learning costs. Polygon is built on the Ethereum network and supports sharing the security and network effects of the Ethereum network.

Therefore, Polygon has risen rapidly. At present, the number of Dapps in the Polygon ecosystem has reached 500+, the number of infrastructure and development tools has reached 100+, and there are also hundreds of games, NFTs and other applications. Including mortgage lending agreement AAVE, synthetic asset agreement Oropocket, decentralized transaction agreement QuickSwap, etc.

Polygon is committed to helping Ethereum realize the interconnection of ten thousand chains. Therefore, a high-performance cross-chain bridge solution is needed. Polygon chose to cooperate with the Bluehelix Bridge cross-chain bridge through a harsh comparison of the safety and reliability of the cross-chain bridge in the global market, technological leadership, innovation ability, brand strength, etc., to help the construction of the multi-chain ecosystem.

Bluehelix Bridge cross-chain bridge page version 

Assets

Escorting asset safety

The first consideration for asset cross-chain is the security of the cross-chain bridge. Due to the frequent occurrence of recent hacking incidents, the three cross-chain bridge attacks of Chainswap, Anyswap, and Poly Network occurred in only 7-8 months, and the total losses were accumulated Reached more than 628 million US dollars, affecting dozens of well-known projects.

In response to the above-mentioned attacks, there are two main attacks. One is the attack caused by the leakage of the private key used for cross-chain signatures or the logic loopholes in the signature program. The second is the attack caused by the loopholes in the smart contract and the agreement itself. The innovative technology of Bluehelix Bridge cross-chain bridge can perfectly solve the two attack problems.

First, the Bluehelix Bridge cross-chain bridge does not require the deployment of smart contracts on the chain. Compared with most cross-chain bridges in the market that deploy smart contracts on the chain, the Bluehelix Bridge cross-chain bridge adopts the MPC cross-chain scheme. Any cross-chain asset of the user has an independent cross-chain custody address, and the asset deposit and withdrawal verification logic And the security is basically the same as that of centralized exchanges. At the same time, Bluehelix Bridge does not issue any assets, and there is no exchange process between assets, which can ensure the safety of user assets and avoid attacks.

Secondly, Bluehelix Bridge cross-chain bridge multi-node verification, and is escorted by Paidun and SlowMist. Aiming at the attack method of stealing user’s private key and signature information, the Bluehelix Bridge cross-chain bridge is based on distributed key technology, and the private key is managed through the joint cooperation and consensus of verification nodes. The cross-chain of any asset requires at least 2/3 of the signature of the custodian node and the confirmation of all nodes participating in the consensus to achieve a complete signature. These nodes are all operated by third-party authorities such as Paidun, SlowMist and other well-known security companies and large companies in the industry. At the same time, during the entire private key generation and signature process of the Bluehelix Bridge cross-chain bridge, the parameters used each time are randomly generated by the node, and the BBS cross-chain custodian node supports rotation.

Realize the interconnection of ten thousand chains

At present, most of the infrastructure of Polygon ecology is the native protocol of Ethereum, and the native applications based on Polygon are relatively few. Through the cooperation between the two parties, it can help developers and users on Polygon such as DeFi, NFT, games, and DEX to open up all public chains such as BTC, ETH, HECO, BSC, DOGE , TRON, Fantom, Cosmos, Fil, etc., and realize all public chain encryption The interoperability and free exchange of assets will create an era of interconnection.

First of all, the Bluehelix Bridge cross-chain bridge supports any asset cross-chain + supports any form of cross-chain. Bluehelix Bridge is currently the only cross-chain bridge that can support all public chains on the market. It supports unlimited cross-chain of any asset, helping any public chain, project party, wallet, and project to decentralize the circulation of cross-chain assets. The Bluehelix Bridge cross-chain bridge supports the cross-chain of native assets on different chains. Assets do not need Peg/Wrap mapping, and can directly achieve cross-chain. At the same time, the Bluehelix Bridge cross-chain bridge is the only cross-chain bridge that does not limit recharge methods. It can support CEX assets to directly cross-chain, and can directly bring centralized exchange assets into the existing public chain ecology.

Secondly, the Bluehelix Bridge cross-chain bridge is completely decentralized + the cross-chain fee is the lowest in the entire network. The Bluehelix Bridge cross-chain bridge is based on the Bluehelix private key sharding technology that has been patented in Europe and the United States. For the cross-chain approach of RenVM that adopts similar technology, Bluehelix Bridge is more decentralized, and the generation and management of addresses and private keys are adopted A distributed multi-signature approach. Users can generate any public chain recharge address on Bluehelix Bridge, and users can recharge freely to the escrow address from any place. The transaction and fund details of the cross-chain process are completely visible on the chain. Compared with the cross-chain charges of other cross-chain bridges, the Bluehelix Bridge cross-chain bridge does not charge any additional fees for asset cross-chains, and only charges the corresponding fees for the target public chain for withdrawal, or the gas fee for the recharge source chain.

The cooperation between the two parties will promote the prosperity of blockchain digital asset finance. The Bluehelix Bridge cross-chain bridge will help all public chains, project parties, wallets, etc. in the world, gradually open up the circulation network of digital assets in various islands, and establish a 10,000-chain interconnection. The new era of blockchain.

 

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/bluehelix-bridge-cross-chain-bridge-alliance-polygon-to-create-an-era-of-10000-chain-interconnection/
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