I am super bullish on Kima Network in crosschain bridging, don’t miss this gem

Blockchains are distributed databases containing an undisputed record of all transactions in the history of that specific blockchain network.

While there are many benefits to using blockchains, they are effectively self-contained systems that don’t typically interact with other blockchains, something that is called interoperability.

Cross-chain bridges allow for interactions between various blockchain networks. Cross-chain bridges enable many innovative processes, but security concerns surround them, as these apps have been targeted by hackers.

Due to the technical aspects of cross-chain bridges, it’s best to use them only if you understand how they work and what you’re doing so that you don’t encounter unexpected crypto losses.

A cross-chain bridge allows you to move assets between blockchains, so you don’t need to involve another entity, like an exchange, in your transaction.

In theory, this makes the transactions more secure, but in practice, it is the protocols that allow you to interact with blockchains and use a cryptocurrency that are the most significant vulnerabilities.

Hackers and thieves target these applications because they are not as secure as the blockchains they provide access to.

Kima is a blockchain that tackles the interoperability problems found in existing solutions without causing additional liquidity fragmentation.

Kima addresses this problem by providing a simple, secure mechanism for allowing users to perform cross-chain atomic swaps without token-wrapping.

The Kima blockchain is built using the Cosmos SDK, which provides a steadfast framework for developing a custom blockchain. The Kima blockchain uses committee-based consensus, where a “committee” is selected to produce blocks and run the consensus protocol.

Each committee consists of a rotating set of “wardens” whose role is to ensure the asset pools remain in sync and withdrawals from a pool on the destination chain are only authorized when a corresponding deposit has been confirmed on the source chain.

Kima wardens control the asset pools through the use of Threshold Signature Schemes (TSS). Security is strengthened by running the wardens inside a Trusted Execution Environment. The group wardens and the parameters of the Kima platform are controlled through the Kima blockchain.

www.kima.network