Skip to main content

AADS 1

Featured

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-un...
Post a Comment
Read more

Immutable zkEVM adopts ERC-1155

 

 

 

            When it comes to the ERC-1155 token standard the most simple way of describing it is that it is used and that it supports both fungible and non-fungible tokens, and that it offers functionality for APIs such as the APIs of Immutable zkEVM.

            But what is Immutable zkEVM? Immutable zkEVM is a layer-r blockchain product, solution and service which is integrated with and can integrate other services and products with the Ethereum blockchain. It combines (as it claims on its website) features of Ethereum: functionality, compatibity, token standards (including recently also ERC-1155 token standard) and data systems with zero-knowledge roll-ups so that it can provide: fast, secure and gas-free transactions for web3.

           The service and solution chose to add this token standard to its system becauee of versatitlity and the opportunities it can offer for web3 and NFTs and gaming and game-worlds, as well as for developers and also for APIs.

 

To be continued.

Comments

Post a Comment