ChainX

Fully Decentralized Cross-chain Trading. Anyone can competitively submit cross-chain data to each asset blockchains' light client in ChainX. ChainX will reach conclusion of the optimal chain and available cross-chain transactions according to the consensus algorithm of the original blockchain. 15 trust nodes elected by the ChainX community referendum will generate multi-sign addresses on each asset blockchain to jointly host the off-chain recharge assets of the users. One or several parties cannot misappropriate the reserve assets. For the new chain within the Polkadot ecosystem, ChainX will use a two-way peg light client cross-chain protocol to enable more efficient cross-chain asset transfers without multi-sign locks.