The ERC-XXXX proposal defines a secure, self-custodial solution for cross-chain asset exchanges via atomic swaps. We think it's a great step forward!
Here are some of our key considerations:
Extended Address Standards: For non-EVM chains like UTXO, integrating an extended address standard such as CAIP-10 could improve identification of customers and traders.
Chain Reorganizations: Addressing potential challenges such as malicious reorgs, including determining responsibilities for reorgs within the token standard—whether it should be the sender, receiver, or flexible based on the deal.
Atomicity and Fees: The proposal must consider the variability of fees across pools, which could affect the atomicity of swaps and introduce opportunities for draining pools through transaction spamming.
🌱 At Kaon, we're building the future of capital markets natively on Bitcoin.
🏛️ As opposed to existing risk-prone designs; we're applying first principles approach to building a 0 to 1 primary for the future of Bitcoin-backed financial markets.
⚡ Imagine seamless trading, lending, and more - directly on Bitcoin, without the need for oracles, bridges, or centralized points of failure.
📈 Moreover, Kaon’s cross-margining will allow users to leverage BTC assets across multiple chains, maximizing liquidity and optimizing capital efficiency.
This isn’t just another L1 evolution - it’s Bitcoin’s true leap into finance markets where native yields and programmability are the new norm. 🚀
At Kaon, we're building the most secure BTC programmability and scaling layer to unlock native yield, cross-chain margining, and other tools to enable markets on #Bitcoin.
Kaon is a Bitcoin-native L1 blockchain with EVM composability that addresses systemic security risks inherent in bridge-, multisig-, oracle- and rollup-based designs.
With a stellar security-first team, we’re building a bridge-less and oracle-less infra layer that makes Bitcoin interoperable, composable, and scalable.
Read more about how Kaon works and other technical preliminaries on our Github’s newly updated project page:
Did you know that Kaon can deliver the most secure yield on your idle BTC? 🧵
👉 Today, putting your idle Bitcoins to work and generating yield often means wrapping or bridging your most valuable crypto asset - an asset that you’d rather HODL than give up control of.
🤔What is blockchain composability and why does it matter for Bitcoin? 🧵
👉 Blockchain composability is being able to combine and connect protocols, smart contracts, and dApps to create new systems and use cases. Devs can stack existing parts of different projects together, cutting development time while still building new protocols and features.
👉 Interoperability enables assets from different blockchains to transfer and exchange seamlessly, without relying on centralized exchanges. For example, it allows Bitcoin to be utilized in Ethereum-based dApps.
At Kaon, we are building the first UTXO native BTC L1 with EVM compatibility. In doing so, our mission is to unlock the trillion dollar Bitcoin market and accelerate the growth of DeFi on Bitcoin.
Why is Kaon essential in enabling billions in capital inflows?
🔍 Post AIP-017, we're refining our operational setup with new multisig wallets. Excited to have Alex Bel and his team on board as new tech contributors and signatories. More announcements to come!
Dive into the details here: 🔗 https://akropolis.substack.com/p/operational-updates-following-aip