Bridge-less Token Transfers
Last updated
Last updated
In Kaon, we have designed a system that facilitates secure and efficient cross-chain transfers without the need for intermediary bridges. This process is managed by a specialized listeners and a set of clearly defined steps.
Monitoring: The listener continuously monitors incoming messages and transactions.
Expected Parameters: It holds the expected parameters of incoming transactions from the Bitcoin Network or other chains.
Lifespan and Gas: The listener has a defined gas amount that determines its lifespan, which can be refilled as necessary.
Triggering: When triggered, the listener creates a new UTXO transaction in Kaon using parameters from both its creation and the incoming transaction, utilizing its stored gas as the transaction fee.
Collator Mempool: The new EVM transaction is added to the EVM chain part’s mempool by the collator nodes.
Triggering the Listener: The listener is triggered based on parameter recognition and verification.
Token Lock Handling: If the transaction involves a token lock (indicating liquidity entering the chain from outside), a voucher (NFT) is created to identify the exact lock.
Token Unlock Handling: If the transaction involves token unlocking, the corresponding voucher is detected and destroyed.
Transaction Composition and Signing: The transaction is composed and signed using the Threshold Signature Scheme (TSS).
ERC Token Exchange: The voucher is subsequently exchanged for the corresponding ERC tokens.
Transaction Acceptance: The final step ensures the acceptance and validation of the transaction, completing the cross-chain transfer process.
Specific message type proxies a call from one smart contract to another smart contract.
The process works as a chain of calls. A smart contract call is relayed through a transaction to our router (a proxying smart contract that serves as an execution table of tables).
The initial smart contract call is sent to the router. This router serves as an intermediary that ensures the call is directed to the correct destination.
Our collator node picks up the transaction from the router. The collator then routes the transaction to the appropriate destination, ensuring the integrity and security of the call.
The chain of calls is executed in a manner similar to how an ordinary smart contract would function. Each call in the chain is processed sequentially, ensuring that all conditions and parameters are met.
