[DIP Proposal] STEEM-TRX network bi-directional bridge

in #steemdipproposals2 years ago (edited)

Proposal Overview

STEEM-TRX bi-directional bridge

  1. Create TRX-based STEEM token (TSTEEM)
  2. STEEM Network Bridge Oracle System
  3. Bridge service frontend
  4. Bridge service Smart Contract

Mechanism

STEEM to TRX

STEEM + Memo transmission (TRX wallet address) -> Oracle operation -> TRX-based TSTEEM issued

TRX to STEEM

TRX Bridge system transmission -> TSTEEM automatic incineration -> STEEM transmission

STEEM and TSTEEM of the STEEM/TRX network are always swaped 1:1

Development Team

Blokfield.INC (@roadofrich) Top 20 Witness

Team Experience

Development of STEEM-BSC network bi-directional bridge
https://bridge.robiniaswap.com/
Blokfield.INC has already completed the development of a STEEM-BSC network bi-directional bridge, which is still in service.
There were several bugs in the beginning, but all of them were fixed and it was confirmed that the stable bridge was working.
We are confident that we can use this experience to successfully complete the development of the STEEM-TRX network bi-directional bridge.

Milestone

Estimated Duration : 7~8 weeks
Request Budget : 20,000 USD

Regardless of this suggestion, we will start development in about two weeks.
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Very happy to know, TRX to STEEM can be made. I discussed this with my wife a few days ago. This will help us a lot. We can do TRX to STEEM very easily.

Too much important proposal for our beloved platform. Thanks a lot for this step.
Coming days will be more bright insallah.

I would support this proposal.

I would support this great initiative.

Nice suggestion I think support will be available from steemit team.

I am eagerly waiting to see this happen. I wish success to this great initiative.

Many large and important proposals for the Steemit platform. Appreciate and applaud these proposals. Thanks for presenting such a great proposal with all of us...Stay safe have a great day.

I really enjoyed reading everything. I supported things. It seems like a very good initiative. That will make our Steemit platform go a long way.

In my opinion this is a great initiative. It is an honor that roadofrich made a proposal regarding decentralized finance. After reading this post I understood that development of STEEM-BSC network done and it is now completely bug free. The milestone of this project is looking good. Thank you.

You have put a very nice proposal on the Steemit Platform. Steem Platform will benefit a lot if TRX based Steem Token is created. And the steemit platform will go much further than other platforms.

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