Trusted and Scalable BTC Layer 2 Network
ChainX aims to facilitate asset interoperability with other blockchains It measures users’ mining power based on the market value of BTC, DOT, ETH, ERC20, EOS, and other assets that are deposited in an inter-chain bridge.
ChainX is an inter-chain crypto-asset financial blockchain that will become a Polkadot parachain when the platform launches. ChainX is one of the first blockchains built on Substrate, a framework that makes it easy to build upgradable and efficient blockchains. Substrate chains can easily be integrated into the Polkadot network at genesis. ChainX has completed the development of BTC bridge and DEX, with BCH, LTC, ZEC bridges in the pipeline because they all use similar POW consensus and UTXO transaction format. ChainX will continue to relay Ethereum and other POS chains.