Koii Labs, Idexos launch middleware bridge aiming to replace CEXs
According to a report from the dynamic password Terminal, the technical attack on the bridge in 2022 resulted in the theft of $2.5 billion in the decentralized Financial Industry (Defi) agreement. While this may be a setback for many projects-and so does the login password interior space-it seems to have promoted green infrastructure development.
Cointelegraph learned from two elite team exclusive agents that at the 2023 ETHDenver conference, Web3 agreement Koii Labs and software development company Idexo unveiled a new message middleware bridge that requires only two lines of code to drive chain deployment. This solution not only aims to improve reliability and speed up deployment, but also aims to establish a way to replace centralized login password exchange with Defi bridge.
Depending on the bridge, two or more blockchain technologies can share information, such as intelligent contracts or dynamic passwords. Bridges connect different types of architectures and database systems to the Internet, but security has always been a constant test for new projects.
For the key risks associated with bridges, they must sign a wallet before they can buy and sell transactions on the end chain. Referring to the 2022 security accident aimed at bridges, IdexoCEO Greg Marlin explained that if the wallet was conquered, he might start random trading that did not correspond to the events on the initial block chain.
However, the dynamic randomness of a new message middleware bridge mandatory signers (scattered nodes) provides a large number of signers compared with the total number of threshold signers for the end item. Marlin claimed that the bridge's bargaining chips and incentive system ensured that the trading scale was subject to equity restrictions on qualified participating nodes, adding:
"the biggest difference is that." Through the security given by many nodes and the random sorting system, 10 order nodes are randomly selected from thousands of hidden nodes.
Another pain that this bridge seeks to deal with is the liquidity of pools and Defi ecosystems. Koii LabsCEO Jani Raymond stressed: "Defi has been operating in the shaft." In his view, the improvement of layer 1 and layer 2 contracts scattered liquidity in many chains:
One of the main reasons for centralized login password swapping is that you have to go from one bill to another, from one chain to another. Cross-chain transfer is very necessary. But so far, it is not possible to carry out this daily task in a decentralized manner.
The two companies show that under this bridge, self-service coupon holders can consider the source and destination chain, and the amount of money remitted across the chain. Their aim is to provide a decentralized alternative to centralized trading centers and real estate developers in Xinqiao town for dynamic password deployment for local utilities.
Over time, the expertise included in the programme as a bridge includes zero-knowledge direct evidence and cross-chain information agreements, so that intelligent contracts in different chains can agree with each other. The bridge will support a series of vm virtual machine chains based on Ethernet Square, including Arirum, Avalance, Dogechain, Etherum, Fantom, OKC and Polygon. Non-EVM chains, such as Solana and Polkadot, will be included in future releases.
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