Blockchains are inherently separate entities. But with the growing need for interoperability, a mechanism was needed to seamlessly connect these decentralized networks. Join the INTDESTCOIN Cross-Chain Bridge, which uses Secure Multiparty Computation (SMC) to connect various blockchains, enabling seamless transfer of assets.
This bridging mechanism utilizes a proprietary process to enable safe and efficient transfer of assets between different blockchains. In the first step, the asset on the local chain is directed to an address managed by the SMC. This decentralized address ensures that assets are kept safe during transfer. Once the asset reaches the destination chain, a smart contract autonomously multiplies the tokens at a 1:1 ratio and allocates them to the user's wallet. In cases where tokens need to be withdrawn, they are sent to the smart contract and then "burned". After this process, SMC nodes release assets back to their source chains.
INTDESTCOIN Cross-Chain Bridge uses a mechanism in which SMC nodes play an important role in the asset transfer process. These nodes ensure that assets are held and managed securely. When a new bridge is established between two blockchains, SMC nodes synchronize with a new smart contract on the target chain. This particular contract is often referred to as INTDSwap.sol or similar and is responsible for “burning” tokens when assets are returned to their native chain. It is also an important responsibility for SMC nodes to monitor the Central Management Account. Each time a new asset is introduced, the corresponding smart contract on the target chain is activated.
INTDESTCOIN Cross-Chain Bridge revolutionizes the blockchain world and enables effective collaboration between different blockchains. This bridging mechanism makes it possible to transfer assets securely and ensure seamless interoperability between different blockchains. With the development of blockchain technology, inter-chain connections will gain great importance and INTDESTCOIN will play a leading role in this field.
INTDEST Technology / Director of Media, Audiovisual and International Publicity Departments of the Project
It has a controlled inflation rate and plans to reduce it over time.
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