Catoshi partners with Chainge. Decentralization is here
Catoshi have been talking for some time about a move to using decentralized cross-chain technology. That time is now, the Chainge has come.
Until now Catoshi has used a centralized bridging system. The reason for that was the bridge hacks and breaches were on decentralized bridges that had weaknesses. While decentralization has always been the goal, safety was always put first. Until completely safe decentralized bridging technology was developed it was decided by Catoshi that centralization was the way to go, and Catoshi has never been exploited or hacked. However, there are obvious issues with a centralized system. The intention was always to move to a secure, completely decentralized system. Thanks to Chainge powered by Fusion DCRM, this goal has been achieved.
Chainge Finance
Led by the prominent Dejun Qian — founder of Bitse (VeChain, Qtum), co-founder of Anyswap, Founder & CEO of Fusion— Chainge Finance is a DeFi mobile native app that serves as a self-custodial wallet, a cross-chain DEX aggregator, a secure and comprehensive interoperability solution, a decentralized passive income generator & more. Thanks to this newly kindled partnership Catoshi can access Chainge’s cross-chain aggregated DEX liquidity. This means that Catoshi can now bridge over 1400 tokens (including stable coins) across 17 chains, accessing a whopping $70 Bn+ in cross-chain aggregated liquidity. The Fusion DCRM tech that powers Chainge is the means by which Catoshi will be a secure, completely decentralized bridging solution.
But what is Fusion DCRM?
Fusion’s Gitbook describes DCRM as the following;
‘Fusion’s Distributed Control Rights Management (DCRM) was built to address cross-chain interoperability through a decentralized custodian model. It uses the latest cryptography technologies in Threshold Signature Scheme (TSS) for Elliptic Curve Digital Signature Algorithm (ECDSA) to provide a distributed key generation and transaction signing algorithm.’
DCRM took over a year to develop with help from cryptography experts including;
- Rosario Gennaro, Professor of Computer Science at CUNY.
- Steven Goldfeder, Ph.D., Postdoctoral Researcher in the Department of Computer Science at Cornell University.
- Louis Goubin, Professor of Computer Science at University of Versailles
- Pascal Paillier, Ph.D., CEO and Senior Security Expert at CryptoExperts
Further technical details on how DCRM works can be found here.
DCRM is a step above any other decentralized bridging systems. One that has never been hacked or exploited. One that brings forth a “true” interoperability model based on cryptographic concepts. The Chainge API integration makes Catoshi beyond competitive, now having the absolute best bridging solution. Whilst Chainge Finance is for now a native mobile app, Catoshi will remain desktop focused.
Although Catoshi will now be able to bridge over 1400 tokens utilizing aggregated liquidity pools, other projects (which are not part of the 1400+) can still have bridges built on The Crossing just as before. The ability to bridge so many tokens and stable coins across 17 chains + access max liquidity so we can offer our users the best prices, could significantly raise bridge volume.
The Catoshi team are incredibly excited to see what the future holds and what possibilities a working partnership with Chainge Finance opens.
