Antelope IBC
New opportunities for monetization
Seamless transfer of assets and data enables new use cases and business models. Create specialized sidechains that can focus on specific tasks within social media, GameFi and DeFi.
Growth through operational agility
Increased efficiency and faster transactions are achieved by reducing the load on a single blockchain.
Reduced risk through increased security
Increased overall security and resilience when bridging between networks since consensus on the state of assets is reached at a protocol level.
Power new use cases
Facilitate a multitude of use-cases such as trustless sidechains, wrapped tokens, distributed governance, interchain resource models, single-application chains and specialized CPU mining chains.
Here’s how Inter-Blockchain Communication works
Entirely separate blockchains can now talk to one another and move assets seamlessly between networks. Our IBC communication protocol allows any action taking place on EOS (chain A) to be cryptographically provable to another chain (chain B) – or vice versa.
A user can lock up a token on Chain A, then prove on Chain B that the token is locked, in order to mint a new token representing that asset on Chain B. When a user wants to move their tokens back to Chain A, they can reverse the process. This involves burning the token on Chain B and proving that it’s burned on Chain A, so that the original token can be unlocked there.
