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XCLAIMResearch on Blockchain Interoperability with Cryptocurrency-backed Assets.

Description

XCLAIM, Trustless Cross-Chain Communication. XCLAIM is a framework for achieving trustless and efficient cross-chain exchanges using cryptocurrency-backed assets (CbAs). XCLAIM allows to create assets which are 1:1 backed by existing cryptocurrencies, without requiring trust in a central operator. While this approach is applicable to a wide range of cryptocurrencies, we currently focus on implementing Bitcoin-backed tokens on Ethereum, i.e. XCLAIM(BTC,ETH). XCLAIM introduces three protocols to achieve decentralized, transparent, consistent, atomic, and censorship resistant cross-blockchain swaps: Issue: Create Bitcoin-backed tokens on Ethereum. Swap: Swap Bitcoin-backed tokens on Ethereum against Ether or any ERC-20 token. Redeem: Burn Bitcoin-backed tokens on Ethereum and receive the 1:1 amount of Bitcoin in return. The current XCLAIM prototype is compliant with the ERC20 standard. XCLAIM is a research project at the Imperial College London Centre for Cryptocurrency Research and Engineering, in collaboration with SBA Research. This research was co-funded by Blockchain.com, Outlier Ventures, etc.
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investors

Science for better security.
Supported by Blockchain.com, Lightspeed Venture Partners.
Venture capital for the decentralised future.
One of the world's most popular and widely used wallets
Decentralized Finance Made Interoperable.

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