BIFROST
The BIFROST Network is a layer-one blockchain based on a Substrate development framework that enables cross-chain communication. It is a generalized, externally-verified message passing network that aims to connect otherwise separated networks. BFC is the native token that is used for fees in the network and on-chain governance.
The main focus of the BIFROST Network is interchain communication that is enabled by the “Remote Blockchain Call” (RBC) protocol. BIFROST Network acts as an external verifier for actions happening on the chains it supports, and relays them over from the source chain to the destination chain. The network is aimed at maximizing decentralization and security in cross-chain message passing while maintaining reasonable transaction costs. To do so, two unique elements are implemented into its architecture — Relayers and Socket Contracts.
The BIFROST Multichain Ecosystem
Interoperability is the biggest technical challenge that remains for blockchains. Without it, DApps are confined to one blockchain, struggling to achieve scalability.
Currently, BIFROST provides a flexible and seamless blockchain payment environment, a crypto asset custody and management service, and both deposit and lending services across multiple networks.
