Router Protocol Announces Mainnet Launch of Layer-1 Solution Router Chain, Aims to Bridge Bitcoin and Ethereum Security to Chains in the Cosmos Ecosystem

The launch, set for Tuesday, aims to bridge Bitcoin (BTC) and Ethereum (ETH) security to chains in the Cosmos (ATOM) ecosystem, enabling fully interoperable decentralized applications.

Coinbase Ventures-backed decentralized blockchain network Router Protocol has announced the mainnet launch of its Layer-1 solution Router Chain.

The launch, scheduled for Tuesday, will bridge Bitcoin (BTC) and Ethereum (ETH) security to chains in the Cosmos (ATOM) ecosystem, enabling fully interoperable decentralized applications (dApps).

Router Protocol's mainnet launch will introduce chain abstraction technology, enabling developers to create dApps for cross-chain money markets, omnichain tokens and other use cases.

Router Chain aims for a chain abstracted ecosystem

Chain abstraction involves the defragmentation of the blockchain ecosystem to allow users to interact with dApps from any chain without leaving their current application. Abstraction also enables interaction with applications on disparate chains via any token, with blockchains benefiting from aggregated liquidity.

In an update, Router Protocol stated that its mainnet launch is a step toward addressing challenges faced by developers and the community regarding chain abstraction within the Web3 ecosystem. According to details shared in the press release, the protocol offers a product suite that includes Router Chain, Nitro and CCIF for this goal.

Router Chain is a proof-of-stake Layer-1 chain that leverages Tendermint's BFT consensus mechanism and offers compatibility with EVM and non-EVM chains. The Cross-Chain Intent Framework is a plug-and-play infrastructure for cross-chain dApps, while Nitro supports cross-chain swaps.

"By abstracting blockchain complexities, Router Protocol not only advances chain abstraction technology but enables the next generation of decentralized applications to seamlessly interact across multiple chains, boosting efficiency and reducing costs. This is the development Web3 has been waiting for," said Ramani Ramachandran, founder and CEO of Router Protocol.

ROUTE to be gas token

The mainnet launch of Router Protocol will also enable developers and users to benefit from features like optimistic reverse verification and fast finality for quick cross-chain transfers. Additionally, middleware interceptors provide customizable interactions and composability.

According to Router Protocol, the ROUTE token will serve as the platform's gas token and will also offer staking rewards for holders.

Bridging Bitcoin, Ethereum to Cosmos

Features that come with Router Chain's mainnet launch include canonical bridges, omnichain tokens and alloyed assets, and cross-chain money markets. Developers can leverage Router Chain for decentralized applications for cross-chain lending, borrowing and trading.

Router Chain's multi-chain dApps feature allows developers to tap into Bitcoin or Ethereum's security while using Solana for low transaction fees and speed. Router is planning to launch a bridging solution for Cosmos to help reduce the chain's security limitations.

Backed by QCP Capital and Wintermute among other investors, Router Protocol will look to expand beyond the over 30 EVM and non-EVM chains that it currently supports with the mainnet launch.

Router Protocol has partnerships with Circle, Osmosis and Electron Labs, and its CCIF integrations include Lido, Benqi, Stakestone and Aerodrome.

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