Bluehelix has unveiled Bluehelix Bridge Solution (BBS), a decentralized multi-party computation-based cross-chain bridge solution that supports the decentralized cross-chain access of any public chain, any heterogeneous chain, any homogeneous chain, or any ecological native asset.
As of Aug. 31, independent cross-chain addresses exceeded 1,800, cross-chain deposits and withdrawals exceed 5,000, and cross-chain access has exceeded $10 million. Bluehelix Bridge currently supports BTC, ETH, HECO, BSC, DOGE, Polygon and TRON, and will soon support Solana, Near, Cosmos and others.
Bluehelix Bridge is a cross-chain bridge solution that allows encrypted assets to be transferred between blockchains. It has been released for multiple public chains and projects, and seeks to establish a zero-threshold circulation connection for public chain ecological assets as well as encourage the mutual chain of all things in the public chain ecosystem.
Differing from the implementation of cross-chain by smart contracts on the market, Bluehelix Bridge addresses the problems of transparency and decentralization by adopting internationally recognized and relatively safe cross-chain methods and technologies. Bluehelix Bridge is based on MPC distributed key technology patented in the US and Europe, and realizes “completely decentralized” cross-chain bridge services.
Bluehelix offers several advantages, beginning with it being fully open-source and easy to access. Projects can directly perform cross-chain operations through the Bluehelix public chain and API without any fees. As an open-source public chain, Bluehelix can provide underlying support for financial and commercial services through open API interfaces.
The system also provides support for cross-chain native assets and deposit methods Bluehelix supports all public chains and their native assets, and does not limit deposit methods, including cross-chain deposits from centralized exchanges.
Many cross-chain bridges presently use the smart contract deployment model for cross-chain, which has various flaws in security, Bluehelix said. Bluehelix has achieved complete decentralization with patented MPC distributed key technology, and any cross-chain user assets have independent cross-chain custody addresses.
All cross-chain processes and asset transactions on Bluehelix are completely open and transparent, including addresses. Each cross-chain call process can be queried on the chain and on the explorer. Bluehelix has also passed SlowMist and Peckshield. audits.
Any project, public chain, and wallet can be cross-chained based on Bluehelix BBS solution to achieve decentralized circulation between different ecosystems. By introducing assets on other chains into its own ecology through cross-chain, Bluehelix can help the public chain to establish an ecology and help projects to quickly deploy and circulate assets in multiple chains.
Bluehelix supports the N*N cross-chain model and complete chain-to-chain data interoperability, and helps public chains to quickly and safely introduce various ecosystems in a decentralized manner. Presently, Bluehelix is compatible with current mainstream public chains, as well as all mainstream cross-chain solutions.
Many cross-chain bridge solution projects cannot solve the problems of high cross-chain costs and cumbersome cross-chain processes. With Bluehelix Bridge, it helps DeFi projects achieve safe and free circulation between any public chains, which can be regarded as a “cross-chain version of Curve”.