An operating system for the Crypto Ecosystem.
ChainIndex is a layer 1, fully decentralized, multi-chain interoperability protocol that allows participants in the crypto space to interact across separate blockchains in a trustless manner.
The Chainindex multichain is a high-speed distributed layer 1 blockchain built on sets of blocks from other blockchains woven together to enable cross chain interoperability.
ChainIndex allows the blockchain ecosystem to scale laterally enabling DAPP developers to build a new class of solutions combining the unique functionality of indexed chains without needing to commit to a single ecosystem.
Having one unified ledger allows each indexed chain to be used for its competitive advantage allowing developers to build DAPPS on top of the entire crypto ecosystem.
This technology enables interactions between separate blockchains that were previously impossible such as using ethereum smart contracts to move real Bitcoin on the Bitcoin Blockchain.
Any new chain can be quickly added to the ChainIndex network.
ChainIndex is:
ChainIndex creates blocks when node operators weave together indexed chains into one unified ledger. Any blockchain past, present, or future can be added to ChainIndex in this manner.
Detailed Breakdown:
Blockchains today are walled gardens. The current blockchain ecosystem is fragmented across various protocols each with its own unique strengths and weakness.
The current solution is to build everything that is needed into one protocol leading to congestion and centralization. This is not scalable if decentralization is to be preserved.
Current proposed solutions such as layer zero attempt to address gap through messaging layers, trusted oracles, or validators with elevated positions; however these solutions are centralized in nature, require modifications or developments to the bridged chains, or limited to particular subset of chains (ex. Only built on EVMs).
Example - To this day there isn’t a trustless way for participants in the Bitcoin ecosystem to interact with those in Ethereum even though they are the largest chains by market cap.
