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KardiaChain Next Dual Node: Binance Smart Chain (BSC)

Connecting Binance Smart Chain — Opening new horizons, of BSC-based projects, to the entire blockchain ecosystem.

From the result of a recent poll and current blockchain trends, there is tremendous interest in Binance Smart Chain (BSC), that incubates many great projects to tackle problems in blockchain, e.g. DeFi, NFT, and Oracles solutions. BSC Dual Node will become one of the best solutions for universal interoperability.

Dual Node is the technology that performs non-invasive, cross-chain communication with a partner chain, in this case, Binance Smart Chain. The technology is capable of simultaneously accessing both ledgers of KardiaChain and another blockchain of choice, both public and private, to enable communication with each other.

Dual Node is the technology that performs non-invasive, cross-chain communication with a partner chain, in this case, Binance Smart Chain. The technology is capable of simultaneously accessing both ledgers of KardiaChain and another blockchain of choice, both public and private, to enable communication with each other.

Timeline

  • The BSC-KAI Dual Node will be ready for demo on KardiaChain testnet at the end of Q1 2021.
  • The BSC-KAI Dual Node will be operable on KardiaChain mainnet in Q2 2021.

The unique KardiaChain technology for cross-chain activities is called the “Dual Node”, which ables simultaneous access to the ledger data of KardiaChain and a blockchain of choice.

  • A Dual Node assigned in each Dual Node group assists the activities of chosen external blockchains.
  • A Standard node participates in the main network consensus to handle activities on the KardiaChain main network.

Cross-chain Decentralised Exchanges (DEX)

The need for a cross-chain decentralized exchange is paramount, considering that for a project to be listed on a good centralized exchange these days is costly and time-consuming. Furthermore, many IDOs are now being conducted on blockchains other than ETH, for example BSC and DOT. It shows that the ability to cross swap between ERC-20 and BSC tokens is still in high demand and requires a solution.

Cross-chain Data and Asset Exchanges

The notion of interoperability in blockchain extends to cross-chain data reading and replication. While smart contracts are an efficient way to trustlessly execute agreements between any parties, it requires said parties to have accounts on the same blockchain. A cross-chain data flow would allow a wider user base to interact with each other through interconnected smart contracts and Dapps. From the developers’ perspective, they can leverage the available resources on different blockchains and incorporate functions of various Dapps to make better products with less effort. As far as our research goes, there is currently no solution that offers this level of interoperability in a truly decentralized manner.

Multi-chain Dapps

Multi-chain frameworks are set to facilitate open communication and transfer of both assets and data across blockchains, as part of a larger ecosystem. It is also worth noting that most of the concepts remain a work in progress. Interoperability projects each take different approaches to facilitate cross-chain communication, as we will discuss below. As KardiaChain Dual Nodes support more and more blockchains, it will become increasingly easier for Dapp developers to bring their products and services to users across multiple networks.

In general, blockchains can plug into and become a part of a standardized ecosystem where each blockchain is a component of the larger ecosystem. Our team will be collaborating to bring a much needed, effortless interoperability solution to the Defi market. In doing so, we will be showcasing the benefits of our proprietary Dual Node Technology.

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WE BELIEVE BLOCKCHAIN SHOULD BE ACCESSIBLE FOR EVERYONE

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