βοΈDymensify - Breaking Ecosystemic Limitations
Dymensify is the long-awaited touchpoint between the EVM and IBC ecosystems. Despite the differences in languages and protocol logic of various blockchains, Dymensify solves the problem of inter-chain connectivity.
Leveraging the Dymension blockchain, Dymensify has the requisite infrastructure to facilitate high-level blockchain interoperability. With the advent of Dymensify, there is no longer any distance between disparate chains.
Thus, assets and data can quickly be transferred across relatively distant blockchain networks.
Notably, most blockchains are either in the EVM ecosystem or IBC. While some chains are neither IBC nor EVM-native, expansionist IBC plans exist to include them in the ecosystem.
Plans are underway to create a Solana IBC connection. As a result, Dymensify will have an equally strong connection with the Ethereum and Cosmos-based chains, thus being the touchpoint it claims to be.
Dymensify - The Bridge Between EVM and IBC Chains
Upon launch, Dymensify will be the only bridge connecting all chains despite their separate underpinning infrastructure and embedded technology.
Users will be able to bridge their $DYM tokens directly to Ether and vice versa. According to our roadmap, we plan to support the tokens in Cosmos networks.
Users can bridge their $ATOM, $OSMO, and other Cosmos-based tokens to ETH when the protocol reaches that stage. Inversely, it will be possible to bridge ETH to these Cosmos-based tokens.
The $DYMENSIFY token will be launched for the protocol's long-term sustainability. The token will incentivize relevant stakeholders and decide on key governance initiatives.
As the protocol launches and grows, it will also have validator nodes to ensure the accuracy of the transactions on the protocol.
This mechanism and the protocol's fraud-proof nature provide double-layer protection for the bridge's security.
For builders in the Ethereum ecosystem, Dymensify is the point of contact for the Cosmos networks and vice versa.
From the usersβ point of view, Dymensify enables them to trade assets without any technical limitations or boundaries.
From all indications, Dymensify is set to create a fresh user experience for blockchain and crypto users - breaking impossible barriers, yet simple to use.
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