Router Protocol announced that it has successfully developed a Layer 1 blockchain using Cosmos’ Tendermint Consensus. The protocol aims to solve extant problems in Blockchain Interoperability with its Router Chain.
The project aims to solve issues related to extant problems that occur in blockchain interoperability with the Router Chain.
According to the announcement, the Router Chain will provide a modular, composable framework for true-blue cross-chain dApps to be built in web3. Router Protocol claims that this development will help onboard the next billion users on to web3.
Router unblocks and unites large blockchain networks
Router blockchain is unblocking and uniting bigger blockchains, including Polygon, Ethereum, and non-EVM ecosystems. Router is uniting non-EVM ecosystems like Cosmos and Substrate-based chains by allowing delegation of cross-chain transactions that are not required to be performed on-chain like voting. Router Chain will act as a data-aggregation layer to all the mentioned networks.
1/ We have developed a Layer-1 blockchain using @cosmos’ Tendermint Consensus to solve extant problems in Blockchain Interoperability.
The Devnet is now live: https://t.co/RnS1U2ydQ5 pic.twitter.com/88WcrB4oge
— Router Protocol (@routerprotocol) February 15, 2023
The Router chain is secured with its underlying tendermint consensus engine with a decentralized network of validators. The network offers three levels of security, first being the blockchain level. The blockchain level security is derived from the underlying Byzantine Fault Tolerant Tendermint Consensus.
The second level of security is at the bridge level – where all of the inbound and outbound requests are authenticated. The third level is the application level, in which dApps have their own individual authenticators for signing the contract on the Router Chain.
How dApps work on the Router Chain?
Decentralized apps built on Router Chain can interact with any blockchain ecosystem without the need for a bridge. The infrastructure allows dApps to avail benefits of each such as: ecosystem growth, liquidity, community adoption, or salient technical features of each blockchain network. Router protocol allows stateful interactions between the contracts on one chain with another, in a secure and a decentralized manner.
Router Protocol raised $4 million last year in January from noted investors, including Coinbase Ventures, QCP, Polygon, and Wintermute.
The post Cross-Chain Platform Router Protocol Launches Layer 1 Blockchain appeared first on CoinGape.