Chain Fusion allows the Internet Computer Protocol (ICP) to interconnect with multiple blockchains in a decentralized manner, eliminating the need for a single trusted intermediary such as a bridge. The ability of ICP smart contracts to utilise threshold signature schemes to sign and submit transactions directly to other chains enables Chain-key tokens. Each Chain-key token on ICP is backed 1:1 by the native asset and is redeemable at any time. The native wallets are managed by a smart contracts on ICP, there are no intermediaries or centralized bridges. Chain-key tokens begin with ck (e.g. ckBTC, ckETH, etc.). They transact quickly (1 second finality) and transaction fees are negligible.
Chain Fusion
CHAIN FUSION ALLOWS THE INTERNET COMPUTER PROTOCOL (ICP) TO INTERCONNECT WITH MULTIPLE BLOCKCHAINS IN A DECENTRALIZED MANNER, ELIMINATING THE NEED FOR...
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