Written for Team Jigstack — By Stuart
Introducing JigBridge — a Jigstack inter-blockchain bridge
What is Cellframe
Cellframe is a quantum-resistant layer-1 network focused on facilitating secure and scalable cross-chain transfers. Cellframe aims to create an infrastructure for decentralized low-level services through its multichain nature. It is a quantum-resistant, multi-channel blockchain that allows for multiple key and signing algorithms.
Cellframe unlocks a specific capability of smart contracts that is currently not possible — interacting directly with the resources of an operating system. As a result, Cellframe services can leverage computing power, disk space, and the Internet channel of operating systems to carry out necessary business logic.
CELL is the native utility token that is used for:
Proof of stake consensus
Value transfer within the Cellframe ecosystem
Participation in Cellchain auctions and leasing
Jigstack — Cellframe Connection
The partnership provides a bridge for the Jigstack ecosystem which will allow other chains accessibility to Jigstack tools/services, increase $STAK token liquidity with trading on Cellframe DEX, and create a more dedicated service on the Cellframe platform.
“Cellframe ecosystem growth in many ways depends on different kinds of services for its economic diversification. So it’s important to collaborate with dedicated services developers on the early steps, with the Jigstack team I believe we improve our ecosystem with more dedicated services, more CELL token use cases, more possible use cases for Cellframe at all. For Jigstack team it gives bridge to go on wider auditory for their services, increase their token liquidity with trading on Cellframe DEX and make more and more dedicated services on the Cellframe platform”
— CTO, Dmitry Gerasimov
How Does Jigstack Benefit?
“In developing JigBridge — in which Cellframe’s SDK will serve as an inter-blockchain bridge for Jigstack to access Jigstack assets on alternative platforms and also to unify all assets in the Jigstack ecosystem in a dashboard-enabled environment. JigBridge will also bring to life true Atomic Swaps, and much reduced fees, that can be enabled at the native blockchain-to-blockchain layer”
— Charles Robinson Jigstack CBDO
T-DApp Services: Some of Jigstack’s projects could be wrapped as T-DApp services through decentralized Cellframe driving bridges. This means that some products developed for Jigstack, which initially are developed and deployed on the Ethereum blockchain, will be able to be used and interacted seamlessly with on other blockchains.
Token Mirroring:Â Mirroring tokens between Cellframe ecosystem and Jigstack. That add more use cases for both token and increase their liquidity
Jigstack Team — Cellframe SDK: The Cellframe SDK can be used by the Jigstack team to develop some special projects based on Cellframe. This can provide $STAK holders another form of revenue generation due to commercial licensing for enterprise solutions.
Atomic Swaps:Â JigBridge will also bring to life true Atomic Swaps, along with significantly reduced fees that can be enabled at the native blockchain-to-blockchain layer. Atomic swaps are automated, self-enforcing cryptocurrency exchange contracts that allow cryptocurrencies to be traded peer-to-peer without the need for a trusted third party. This means Jigstack users are not limited to a single blockchain for peer-peer transactions and will be able to send and receive cryptocurrencies across a variety of different blockchains.
Jigstak Partnerships
Jigstack has already shown how being a team player can benefit everyone through its current partnership agreements:
Hedera Hashgraph
With this partnership, we are able to leverage our own token launchpad, Lemonade, to provide an intuitive interface and a simple user experience for first-time token issuers and new investors looking to participate in token launches on the Hedera Hashgraph chain. We charge a small fee on token launches on the Hedera chain that get funneled back to the Jigstack DAO.
Polygon
With this partnership, we are able to significantly reduce gas fees for our users compared to the Ethereum Mainnet. This will increase user experience and provide more investment opportunities as high gas fees are the biggest downfall when exposing yourself to investment opportunities.
Bonded Finance
With this partnership, we are able to provide instant access to lending markets for newly issued tokens. This is unprecedented in the DeFi space, yet serves as a valuable example of what collaborative efforts can bring to the table. The combination of raising funds through a token sale and having the ability to instantly enter a lending market creates extra incentives for investors from day one.
Final Word
There are many interoperability benefits to working as a team rather than competitors in the DeFi ecosystem and the partnership with Cellframe will emphasize this even further. The primary purpose of JigStack is to govern a range of high-quality, revenue-generating network solutions on the Ethereum blockchain and other ecosystems, and joining forces with Cellframe, creating Jigbridge, is the next step forward for creating inter-blockchain interoperability and expanding the Jigstack ecosystem to other chains.
With strategic partnerships, the implementation of DeFi products catering to the simplicity of user experience, and Jigstacks conglomerate structure of products, it’s only a matter of time until the whole of crypto knows Jigstack as the DAO of DeFi.
Stay Tuned:
Website | Twitter | Telegram Group | Telegram Channel | Linkedin | Github
This was a write-up I did for Jigstack.org. Hope you liked it, let me know what you think!
If you read all of this, then I just want to say you’re amazing and I hope your life goes well! Thanks for reading :)
Follow me for my crypto / DeFi content to expedite your knowledge!
🤓 Advertise with me! 👉 DeFiknowledge.com
Congratulations @defiknowledge! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
Your next target is to reach 50 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPSupport the HiveBuzz project. Vote for our proposal!