Connext Network Review

in #blockchain2 years ago (edited)

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Connext is the first inter-chain communication protocol with a minimum level of trust to make the blockchain interoperable.

The project expresses the goal of realizing the possibilities of decentralized networks in order to transform finance and redistribute other types of material values ​​into the hands of people.

Connext provides fast and minimal communication between blockchains.

You can use Connext to create crossch apps (xapps) like:

Bridges to Transfer Value Between Blockchains
Interchain DeFi Protocols
Chain-agnostic NFT and more!

Goal of the project team:

Users never need to know which chain or fold they are in (unless they want to!)
Developers can create applications that use resources from many chains/folds at the same time

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Modular Compatibility

Amarok introduces the concept of an interchain communication protocol stack with NXTP as the liquidity layer, Nomad as the messaging layer, and Connext routers as the transport layer.

Layers Protocols and stakeholders

Application layer Cross-chain applications (Xapps)

Nxtp liquidity level

Gateway/Routing Layer Interchain Gateway Protocol

Messaging Layer Nomad, IBC, XCMP, Rollup AMBs

Transport Layer Connext Routers

Mobility
Connext is partnering with Nomad.

Nomad is a cross-chain communication protocol that uses ORU-style fraud proofs for security.
In tandem, the stack built on top of Connext and Nomad provides the same instantaneous transfers where possible, and also allows cross-chain operations to be generalized using an optimistic 30-minute latency window for some calls.

Independence
An external proof mechanism is no longer needed. Instead, the router can simply transfer capital to the destination chain and then wait for the data from the source chain to be transferred through the messaging layer to the destination.

Where the transactions of the user and the router can be compared for validity (and the router can replenish its capital). This allows you to develop only contract processes, which greatly simplifies DevX.

Routing and "building"
An important step is to reach an OTC consensus between routers to complete transactions. This will eventually use the Tendermint consensus and start the process from a centralized sequencer in the first phase of launch.

Want to get started with cross-interactions in your DApp? You have the ability to create and integrate Connext's cross-chain functionality into your project.

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