DeSoc and Decentralised Blogging Platforms - INLEO - Non-Elaborate Posts - Post 1
When a participant elects to relocate their LEO tokens across disparate blockchain networks, INLEO’s system implements a trust-minimized locking and minting (and conversely, burning and unlocking) architecture: specifically, a user deposits native LEO tokens into a cryptographic smart contract or analogous lock-module on the source chain; that contract irrevocably locks (escrows) those tokens, thereby removing them from liquid circulation on that origin chain.
In response, an equivalent number of “wrapped” tokens (for example, wLEO on Ethereum, bLEO on Binance Smart Chain, or pLEO on Polygon) are algorithmically minted (or issued) on the target chain, subject to provable attestations via oracles or cross-chain relay/bridge protocols. If the user later desires reconversion, the wrapped tokens are irreversibly burned on the target chain, and the previously locked native tokens are released back to the user’s address on the source chain. This bi-directional mint-burn / lock-unlock paradigm ensures a one-to-one (parity) pegged relationship between wrapped and native forms, preserving the invariant of total supply (native + wrapped) and preventing double-spending, provided the bridge contracts and oracles are secure and correctly implemented.
Comments
Post a Comment