1/ Enhanced interoperability for 1 click instant cross chain swaps using TOKI’s enhanced IBC protocol #outreach #threadstorm #leofinance #web3
1/ Enhanced interoperability for 1 click instant cross chain swaps using TOKI’s enhanced IBC protocol #outreach #threadstorm #leofinance #web3
2/ This is advanced #interoperability that makes it possible to swap native tokens between Cosmos SDK chains & #Ethereum, EVM chains instantly with finality taking place on the source chain the transaction was initiated on. #defi #crypto
3/ Secure cross chains take place as verification of proof & consensus State is done by node operating on TEE, which keeps the transferred message data encrypted and hidden from everyone.
#blockchain
4/ TOKI’s IBC that works using TEE, makes it possible to have low cost cross- chain transfers with chains such as Ethereum which otherwise would be costly when done using native IBC due to huge gas costs. #threads
5/ Read my article that explains how TOKI makes this possible here –
https://leofinance.io/@mintymile/enhanced-interoperability-for-1-click-instant-cross-chain-swaps-using-tokis-enhanced-ibc-protocol
6/ Native token swaps between Blockchains is possible because TOKI builds unified liquidity between native tokens on top of the messaging layer. No need for wrapped tokens that fragments liquidity in TOKI
