Hyperbridge (BRIDGE) Token Presale: Buy Early For 15% Bonus
Hyperbridge (BRIDGE) Presale: Initial Relayer Offering Ends Jan 01
Hyperbridge is a coprocessor that allows off-chain verification for more secure blockchain interoperability. Hyperbridge’s BRIDGE token presale is live for you to join the project. Let us dive into all Hyperbridge has for you before we discuss the presale in further detail.
Secure Interoperability: Introduction
Secure interoperability among blockchains needs a lot of verification. This includes verification of certain proofs, such as consensus proofs, state proofs, consensus fault proofs as well as state transition validity proofs. These proofs need to be verified online for the blockchains to interoperate in a secure fashion. This is to confirm the finalized and irreversible state of their counterparty.
The trouble here, however, is that this verification is compute-intensive and does not scale well, especially when multiple blockchains need to communicate among each other. This side-effect of the verification processes comes as a major hurdle, resulting in proliferation of attestation networks employing the use of multi-sig committees who attest to the state of a counterparty chain. Such architectures have caused huge losses: around $2 billion in crypto assets.
So, What’s The Solution? How Does Hyperbridge Help?
The only solution to the above-mentioned problem is a coprocessor model that allows verification to be done off-chain. Here, the outcomes are securely transferred on-chain along with cryptographic proofs of correct execution.
Hyperbridge is exactly such a coprocessor, to be more accurate, a crypto-economic coprocessor. It comprises a new class of coprocessors which can leverage their consensus proofs to attest to the correctness of computations performed on-chain.
Proof Aggregation
Hyperbridge ensures trust-free interoperability for all chains through verification and aggregation of finalized states of all chains into a single proof. This way, each blockchain is able to receive all cross-chain messages that have been aggregated by Hyperbridge.
Permissionless Relayers
Hyperbridge is the first cross-chain protocol that can leverage cryptographic proofs and power decentralized, permissionless network of relayers. The relayers can work without any whitelisting or staking, and transmit messages across chains on behalf of users as well as applications. Fully incentivised, the relayers relay messages by the fees submitted by the users who wish to operate cross-chain.
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