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Bitcoin, with a market capitalization on its way to reaching US$1 Trillion, holds the key to the digital currency world. Its value proposition is enabling further and deeper blockchain technology breakthroughs, validating Bitcoin as a payment method and a superior way of transferring and storing value; in the eyes of many, we have only seen the tip of the iceberg in terms of its full potential.
ChainX is deeply committed to researching and expanding Bitcoin’s Layer 2 financial platform, striving to promote Bitcoin’s value flow, enrich financial derivative opportunities and improve hedging tools.
Parachains are developed using different types of blockchain technology. Relay chains are responsible for safeguarding the network’s co-sharing consensus and facilitating inter-chain transactions among parachains. The relay chain itself does not deploy any applications. Parachains are the ones that develop and deploy applications.
Polkadot’s focus on the efficient, inter-chain connection within its ecosystem advances all blockchain development to a new level and it looks set to usher in Blockchain 3.0. ChainX will run as the second-layer network to Polkadot after it releases version 2.0.
