Connext: The future of Cross-chain.
With so many new and recent Blockchain protocols looking to be integrated with pre-existing Blockchains like Ethereum, it is believed that we are looking towards a multi-chain world of Blockchains.
This means easy integration and hence communication and transfer of assets between different chains.
Over the years different layer two solution providers have worked on creating solutions for the backlog of transactions on the Ethereum layer 1 chain which oftentimes leads to an increase in transaction fee gas, or delayed transaction time having to wait days.
With these layer 2 protocols, transactions are one step ahead as they create an alternative faster route for transactions on Ethereum Blockchain to be processed. The challenge of this is the difficulty of having to pay a transaction fee when you have to move Ethereum between one L2 solution to another.
To create a solution to this, Connext, previously Xpollinate creates a simple and shared communication protocol, similar to TCP/IP that routes value instantly between any discrete L2 or L1 protocols.
Connext currently supports Ethereum, Harmony, Gnosis, Cardano, Polkadot, Binance smartchain, Arbitrum, Avalanche, Polygon as well as other roll-ups and Blockchain networks.
What can you do with Connext?
Connext is a network for trustless communications between chains that allows instant cross-chain transfers and communication with any EVM compatible chain for plugin supports for non-EVM turning complete chains as well as ZK roll-ups.
With more than 792,311 completed transactions worth $1.3billion (V1 and V2) and more than $40 million in total value locked reported in the week 19 substance report. Connect is built for developers who are looking to build cross-chain applications and bridges for both builders and users looking to move assets across protocols in a seamless way.
With integration with Nomadxyx, Connext is set to become the first and only network that enables generalized communication between chains without third parties thereby allowing a series of features that eliminates paying high and multiple transaction fees moving assets between different layer 2 solutions providers.
You can either get started in Connext by building your first cross-chain application or become a core network participant by running a router and helping strengthen the blockchain.
The Connext Bridge.
The Connext bridge allows users to bridge assets, in simple term switch assets from one blockchain network to another. The easy to use Connext bridge current supports bridging over Ethereum, Polygon and 15 other supported chains, ZK and L2s.
It allows easy and uncomplicated bridging with low transaction fee from any network and with interface to make your bridging process and experience easy.
Learn more about Connext.
