#KIMANetwork $KIMA #Kima No Smart Contracts, No Code Vulnerabilities Most inter-chain protocols make use of smart contracts. While smart contracts are a revolutionary advancement in blockchain technology, they’re still very buggy and experimental when trying to interact with multiple chains.
This has resulted in billions of lost funds due to hacks and other attacks.
Kima does not use smart contracts to facilitate cross-chain transactions, resulting in minimal attack surfaces and maximal fund security.
Instead of minting synthetic tokens and using pools managed by smart contracts, the Kima blockchain uses native wallet accounts that act as liquidity pools. This enables the Kima blockchain to function as a validation and settlement layer between different blockchains, without the need for additional on-chain failure points.
#KIMANetwork $KIMA #Kima No Smart Contracts, No Code Vulnerabilities Most inter-chain protocols make use of smart contracts. While smart contracts are a revolutionary advancement in blockchain technology, they’re still very buggy and experimental when trying to interact with multiple chains.
This has resulted in billions of lost funds due to hacks and other attacks.
Kima does not use smart contracts to facilitate cross-chain transactions, resulting in minimal attack surfaces and maximal fund security.
Instead of minting synthetic tokens and using pools managed by smart contracts, the Kima blockchain uses native wallet accounts that act as liquidity pools. This enables the Kima blockchain to function as a validation and settlement layer between different blockchains, without the need for additional on-chain failure points.
#KIMANetwork $KIMA #Kima No Smart Contracts, No Code Vulnerabilities Most inter-chain protocols make use of smart contracts. While smart contracts are a revolutionary advancement in blockchain technology, they’re still very buggy and experimental when trying to interact with multiple chains.
This has resulted in billions of lost funds due to hacks and other attacks.
Kima does not use smart contracts to facilitate cross-chain transactions, resulting in minimal attack surfaces and maximal fund security.
Instead of minting synthetic tokens and using pools managed by smart contracts, the Kima blockchain uses native wallet accounts that act as liquidity pools. This enables the Kima blockchain to function as a validation and settlement layer between different blockchains, without the need for additional on-chain failure points.
let's talk about Kima rebalances liquidity..... After the transaction is written to the Kima appchain, Kima’s liquidity management engine, LiMa, kicks into gear. this allows Kima to balance out the pools, providing the end-user with liquidity in their target chain. #KimaNetwork
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