allowing for the creation of a transportation system in the DeFi world
Primal society had no means of transportation, and human activities were restricted to certain areas. With the progress of human civilization, the means of transportation have gradually evolved, from the original wheels to wheelbarrows, to carriages, ships, trains, cars, and airplanes. Throughout the development of humanity, transportation has promoted the progress of human civilization. Judging from the historical process of the rise of the world’s great powers, the strength of the country begins with the strength of transportation, and it is even more inseparable from the strength of transportation.
In the blockchain world, it is the same!
According to recent data from DeFiLlama, DeFi’s lock-up amount has reached around $150 billion USD across public chains like Ethereum, BSC, Solana, and Avalanche, establishing an undeniable DeFi ecological empire. Many DeFi public chains already have substantial funds, but the infrastructure, protocols, and transaction types of each public chain are incompatible, resulting in the inability to freely interoperate and exchange asset value between chains, generating islands between chains. As a result, other assets on the chain must be integrated into the chain’s own public chain via cross-chain bridging. As a result, other assets on the chain must be integrated into the chain’s own public chain via cross-chain bridging. The decentralized cross-chain asset bridge is the most frequent cross-chain technique.
Based on this, the cross-chain bridge is called a public transportation system that links the DeFi ecology of various public chains.
Recently, Bluehelix Group announced the release of the world’s first Bluehelix Bridge Solution that supports heterogeneous cross-chain of arbitrary assets, which is the largest decentralized multi-chain asset cross-chain bridge on the market.
The Bluehelix Bridge Solution can fully support any public chain’s secured decentralized cross-link entry, as well as the cross-chain and circulation of any heterogeneous and homogeneous chain and its ecological assets. It can be fully compatible with various cross-chain technologies and standards in order to achieve blockchain application interoperability between multiple chains.
DeFi, cross-chain NFT transactions, and gaming are examples of applicable fields. It currently supports more than 6 public chains, such as BTC, ETH, HECO, BSC, DOGE, TRON, and others, and will subsequently be linked to public chains such as Polygon, xDai, Fantom, Cosmos, and Fil.
Bluehelix Bridge leads the innovation revolution
It is completely decentralized. The BlueHelix cross-chain bridge is based on the Bluehelix private key sharding technology that has been patented in Europe and the United States. Users can generate any public chain deposit address on Bluehelix. The private key of the deposit address is completely stored in different nodes in the form of shards.
Each user’s deposit address is unique, and they can deposit to the custodian address from any location. The cross-chain transaction and fund information are totally available on the chain, and the cross-chain procedure of any asset of the user is completely transparent on the BHEX Chain explorer. There will be no centralized method to assure the safety of user assets. Furthermore, the Bluehelix Bridge cross-chain process does not include the exchange of any intermediate assets, nor does it require the issuance of any new/packaged assets.
Assets are secure and reliable. At present, many cross-chain bridges use the smart contract model. Due to the security vulnerabilities of smart contracts, hacker attacks frequently occur. Bluehelix Bridge cross-chain technology does not use smart contracts on the chain. The cross-chain implementation is completely based on MPC’s distributed private key generation and signature technology. Any user has a completely independent multi-signature address on the corresponding chain. And the cross-chain deposit and withdrawal of Bluehelix assets rely on years of technical experience of the exchange. After complete testing and verification, the overall model is basically the same as that of the centralized exchange, and a complete review has been conducted by well-known institutions.
The Bluehelix Bridge is based on distributed key technology, which manages the private key through the joint collaboration and consensus of verification nodes. The cross-chain of any asset requires at least 2/3 of the signature of the custodian node and the confirmation of all nodes participating in the consensus. Achieve a full signature. These nodes are operated by third-party authorities such as Peckshield, SlowMist, and other well-known security companies in the industry, large companies, and other third-party authorities.
At the same time, the Bluehelix Bridge has made a complete zero-knowledge proof. In the entire generation and signature process of the private key, the parameters used each time are randomly generated by the node, and the same random number will not appear. Cross-chain custody nodes also support rotation. Node rotation will involve the overall migration of custody assets and the re-change of the user’s custody address to ensure that the user’s private key fragments will not leak, and the number of nodes in each rotation will not exceed 1/3 .
Support any asset cross-chain. At the moment, the majority of cross-chain bridge access is based on smart contracts on separate public chains and cannot support public chains that do not allow smart contracts, which is extremely limited. The Bluehelix Bridge is currently the only one on the market that can support all public chains. It allows for unrestricted cross-chain exchanges of any asset, allowing DeFi project assets to circulate freely and safely between public chains. Simultaneously, based on the multi-chain mapping function, it can be used as a cross-chain version of CRV, supporting the decentralized circulation of any project’s and user’s cross-chain assets, assisting each project in achieving the unification of the multi-chain economic system, and establishing a complete and in-depth ecosystem.
Support any form of cross-chain. Bluehelix Bridge is the only unrestricted deposit method, which can support CEX assets to directly cross-chain, and can directly bring centralized exchange assets into the existing public chain ecology. Because various cross-chain assets are on BSC/HECO and other networks, they rely more on the issuance of centralized exchanges on the chain, not decentralized.
BTC and other assets can be mapped and released on public chains such as ETH/HECO/BSC using Bluehelix. On Bluehelix, assets are locked at the custodian address. Every deposit that is exchanged for a cross-chain mapping BTC will result in an additional circulation being added to the appropriate network. Then, at a 1:1 ratio, adding the identical mapping assets to the user’s account on Bluehelix.
The release of the Bluehelix Bridge is another blockbuster action taken by Bluehelix Group in the strategic layout of decentralized finance after the release of the decentralized trading platform HDEX. With the launch of the Bluehelix Bridge, HDEX users will be able to conduct safe cross-chain deposit transactions of any asset on all homogeneous and heterogeneous public chains, as well as cross-chain asset conversion and transfer in any form.
In the future, due to the development of cross-chain bridge technology, homogenized assets, NFT, and blockchain applications will no longer be limited to one public chain, but will instead run on different chains through the developed transportation network of the Bluehelix Bridge. With the availability of more and more high-quality blockchains, a successful cross-chain ecology will undoubtedly emerge, enhancing the blockchain world’s prosperity.