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Counterstake Bridge

Company rate

4.5

Based on 4 ratings

Total Value Locked (USD)

80 513 420

24h Volume

5

Brief description of the bridge

Counterstake is a fully decentralized cross-chain transfer protocol. There are no admins, no central operators, no owners, no custodians. Participation in the protocol is open, there are no designated multisig participants, federated signers, or threshold signatures. All transfers are direct, there are no central hubs or relays. No token is required to use the protocol. There are no protocol fees. The code is immutable, not upgradable, unstoppable. There are no access controls, no gatekeepers, no KYC, no your customer.

Supported currencies

Bridge overview

Counterstake is a bridge for transferring tokens between various networks in a permissionless way. Adding new bridgeable tokens is also fully permissionless

Audits and Exploits

Audit by Dedaub.

Limits

There are no limits.

Bridge Token

No bridge token is required to use the bridge but the team plans to issue a token that would reflect the success of the protocol.

What is Obyte?

Obyte is a distributed ledger based on directed acyclic graph (DAG). Unlike centralized ledgers and blockchains, access to Obyte ledger is decentralized, disintermediated, free (as in freedom), equal, and open.

https://obyte.org/

What is Binance Smart Chain?

BSC is a dual-chain architecture that will empower users to build their decentralized apps and digital assets on one blockchain and take advantage of the fast trading to exchange on the other.

https://www.binance.com/

What is Polygon?

Polygon is actually a layer-2 scaling solution whose main objective is to convey mass adaptation to the Ethereum platform. Polygon brings Layer-2 scalability to Ethereum with its multi-chain ecosystem. It drastically improves the overall efficiency and workings of the Matic network. The main aim is to create more and more solutions to scalability.

https://polygon.technology/

What is Ethereum?

Ethereum is both a blockchain network, an application platform, and a full-fledged programming language. The goal of the project is to create and publish distributed applications that do not require third party trust.

https://ethereum.org/en/
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