Description: Integrations 1154+ Tokens, 25 Chains. It is an infrastructure developed for arbitrary cross-chain interactions. For our industry to reach the next level for consumers, we need a fast, secure, inexpensive and reliable way to exchange value, data and exercise control between the chains. The solutions developed by Multichain allow almost all blockchains to inter-operate. There is no restriction to Ethereum like chains (e.g. Binance Smart Chain), or different Layer 2 chains requiring finality to Ethereum (e.g. Polygon), or a network of Parachains (e.g. Moonbeam in the PolkaDot system), or Bitcoin types of chain (e.g. Litecoin), or COSMOS chains (e.g. Terra). These are either now all integrated, or on course for integration. With support for all ECDSA and EdDSA encrypted chains, Multichain is almost universally applicable as an interoperable layer.
The SMPC Network
The Multichain network comprises what are called SMPC nodes. They exist separately from any blockchain and collectively sign transactions, but a group of them must do so together and they each only ever know part of the key to make this happen. The SMPC nodes are run by different organisations, institutions and individuals and they are incentivized to perform their functions properly.
Why Use Multichain for Business?
1. Non-custodial + MPC - MPC, the powerful symbol of decentralization, processes Multichain cross-chain bridging and smart contract methods on other chains.
2. No-slippage Swap - Multichain’s 1:1 swap enables users to perform 0 slippage transfers and eliminate the hidden cost associated with AMM.
3. Multichain Router - Multichain Router allows users to swap between any two chains freely. It reduces fees and makes it easier to move between chains.
The Multichain Services
There are some different services that use the SMPC network.
(1) Bridge - For many projects, our custodial bridges are still the best solution, since they do not require liquidity on each chain. They remain alongside our other methods of crosschain transfer. They are most useful when projects are launching straightforward ERC20 like tokens on new chains where they do not already have tokens. Several two way bridges can be deployed for each token.
(2) Router - The Router has these significant features: It can allow assets transfers between any two or more chains.; It can work with pre-existing assets on blockchains, by using liquidity pools for those assets.; It can also work with Bridged assets smart contract, where Multichain is responsible for minting assets on chains.; The Router can include both native and Bridged assets. This allows inclusion of assets that might have been generated with a third party bridge (though we would need to understand what bridges were originally used).
(3) 'anyCall' Crosschain Contract Calls - Projects can now make cross-chain contract calls, all with the security of Multichain's MPC network.
(4) Crosschain NFT Bridges and Router - We now offer a bridge for NFT's (both ERC721 and ERC1155 smart contract standards). We also now have a Router for NFT's.
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