Connext The ubiquity of Ethereum leads to the network congestion, slow transaction times and expanded gas fees. Different arrangements have been proposed to relieve the issues. One of which is layer 2 — which empowers exchanges to be carried out exterior the Ethereum mainnet.

#Connext is an Ethereum based interoperable platform that connects Ethereum Virtual Machine (EVM) compatible chains and #layer2 solutions. #Connext accomplishes its function without the utilize of external validators.

#Connext works through the Noncustodial Xchain Exchange Convention (NXTP) for its cross-chain exchange without relying on any outside validator.

The NXTP model comprises of: 1) locking pattern - to prepare transactions and fulfill them 2) off-chain routers - to pass data between chains 3) SDK - to prompt on-chain transactions

Advantages of the NXTP Model - Only on-chain data is operated - No chance for double collateralization, causing the ease of transaction service - Data is always sync. - No room for browser state data.

- Both the receiver-side and sender-side can unlock funds simultaneously - Simple accessibility with Automated Market Makers and auctions. - Having possibility of a fully-stateless router.

What's Connect !! Connext #crosschainprotocol #bridge

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The Amarok Network Upgrade Bringing #Connext to the Next Level !! Connext 🧵

Connext With the information gathered from clients, developers, and routers who interact with #Connext, the #Amarok upgrade - extensive changes with massive improvements to the protocol is introduced.

Motivation The driving force for this update is to fix the following key problems that right now exist for the different stakeholders using the protocol.

Problems aimed to be solved - Gas Costs - Signing to Claim - Fund Lockup Risk - Liquidity Fragmentation - Offchain Auction Dependencies - No Generalized Messaging - Unclear ROI - Strict Liveness - Gas Griefing

Welcome to #Amarok Modular #Interoperability The improvement breakthrough comes from the partnership with #Nomad. #Nomad is an idealistic bridge that gives us completely expressive, trust-minimized communication on any chain, but with the tradeoff of 30 minutes of latency.

A New Flow The new flow intensely utilizes Nomad for its security. Instead of requiring signatures, the approach basically permits any router to front capital and executes calls for a user’s transaction, and claims against stores going through Nomad.

Changes for Stakeholders The Amarok upgrade enables a much better flow and featureset that solves the stakeholder problems we laid out earlier: - Fire-and-Forget Flow - 1-of-N-Routing - Simpler Liquidity - Cheaper & Faster Transactions - Arbitrary Message Passing

Entries close June 30th, 2023 at 10am PST. The winner will be selected at random and have 14 days to claim their 1B PEPE. Each entry has an approx. 1 in 10,000 chance of winning. Terms apply slingshot.finance/terms

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