We present our new Chenilles Network of generalized state channels across blockchains, which works in synergy with our existing Glow language for safe DApps.
Like the Bitcoin Lightning Network, Chenilles enables fast and private self-custodial payments along paths in a network of state channels. But improving on these first generation state channels, Chenilles enables both payments across multiple blockchains, and private smart contracts in addition to private payments.
Previous solutions for programming generalized state channels required
unmanageable complexity: hand-writing many exactly matching variants of on-chain and off-chain code for each smart contract, where the slightest discrepancy could result in losing funds.
The Glow language makes the task manageable: Glow automates the generation of the many exactly matching variants of on-chain and off-chain code involved in such smart contracts, across multiple blockchains if needed. Glow can target public or private contracts, with or without state channels, with or without zk-SNARKs, on any smart contract platform (Ethereum, Bitcoin, Cardano, Filecoin, etc.), and is also
designed around formal methods to make correctness proofs tractable.
Together, Chenilles and Glow will unlock a new world of private, scalable and safe self-custodial decentralized commerce and finance, eventually spanning all blockchains.
Users will be able to perform atomic swaps of exotic financial instruments between two side-chains, to participate in auctions on the Ethereum network while paying in Bitcoin on the Lightning Network, or to fill the orders of decentralized exchanges without funds leaving self-custody.
Mutual Knowledge Systems, Inc. is developing Chenilles and Glow as Open Source platforms, with an ambitious business model to become the company that connects all decentralized applications together.
Read our pitch deck / whitepaper:
https://www.canva.com/design/DAFkPBjaJ_Q/bPcLrkIR07EK1iWe_qMhHg/view?utm_content=DAFkPBjaJ_Q&utm_campaign=designshare&utm_medium=link&utm_source=publishsharelink
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Chenilles token is supported by following blockchains:
Chenilles is We present our new Chenilles Network of generalized state channels across blockchains, which works in synergy with our existing Glow language for safe DApps. Like the Bitcoin Lightning Network, Chenilles enables fast and private self-custodial payments along paths in a network of state channels. But improving on these first generation state channels, Chenilles enables both payments across multiple blockchains, and private smart contracts in addition to private payments. Previous solutions for programming generalized state channels required unmanageable complexity: hand-writing many exactly matching variants of on-chain and off-chain code for each smart contract, where the slightest discrepancy could result in losing funds. The Glow language makes the task manageable: Glow automates the generation of the many exactly matching variants of on-chain and off-chain code involved in such smart contracts, across multiple blockchains if needed. Glow can target public or private contracts, with or without state channels, with or without zk-SNARKs, on any smart contract platform (Ethereum, Bitcoin, Cardano, Filecoin, etc.), and is also designed around formal methods to make correctness proofs tractable. Together, Chenilles and Glow will unlock a new world of private, scalable and safe self-custodial decentralized commerce and finance, eventually spanning all blockchains. Users will be able to perform atomic swaps of exotic financial instruments between two side-chains, to participate in auctions on the Ethereum network while paying in Bitcoin on the Lightning Network, or to fill the orders of decentralized exchanges without funds leaving self-custody. Mutual Knowledge Systems, Inc. is developing Chenilles and Glow as Open Source platforms, with an ambitious business model to become the company that connects all decentralized applications together. Read our pitch deck / whitepaper: https://www.canva.com/design/DAFkPBjaJ_Q/bPcLrkIR07EK1iWe_qMhHg/view?utm_content=DAFkPBjaJ_Q&utm_campaign=designshare&utm_medium=link&utm_source=publishsharelink. Chenilles's native token is Chenilles. Chenilles token is supported by following blockchains: .