{"id":367,"date":"2022-12-01T20:46:11","date_gmt":"2022-12-01T12:46:11","guid":{"rendered":"https:\/\/www.mapprotocol.io\/blog\/?p=367"},"modified":"2022-12-01T23:32:08","modified_gmt":"2022-12-01T15:32:08","slug":"mapprotocol-bringing-light-client-crosschain-bridge-to-near-bnb-chain","status":"publish","type":"post","link":"https:\/\/www.mapprotocol.io\/blog\/mapprotocol-bringing-light-client-crosschain-bridge-to-near-bnb-chain\/","title":{"rendered":"MAP Protocol bringing light client cross-chain bridge to NEAR & BNB Chain"},"content":{"rendered":"\n

If there is a silver lining in last week\u2019s FTX and Alameda fiasco, it would be a wake-up call for everyone in web3 as to the importance of decentralized finance (DeFi) from a security and privacy standpoint. Over the years, DeFi and decentralized exchanges (DEXes) had become more user-friendly through the growth and development of platforms such as dYdX and Uniswap. However, one vertical in DeFi remains inefficient, inaccessible, and full of hacks – the cross-chain bridges.\u00a0<\/p>\n\n\n\n

MAP Protocol – where a secure and fully decentralized cross-chain journey begins<\/strong><\/h2>\n\n\n\n

Before we dig into MAP Protocol, let\u2019s talk about blockchain interoperability. <\/p>\n\n\n\n

All blockchains are independent ledgers. Each chain has its own consensus mechanism, data structure, security algorithm, and ledger type, thus making it difficult for them to talk with one another. Interoperability aims to resolve communication silos, allowing different blockchains to communicate and interact so that users can send information, metadata, and assets from one chain to another.  <\/p>\n\n\n\n

Cross-chain, transferring assets or data from one chain to another, is an essential mechanism for users to achieve interoperability. Still, the existing cross-chain solutions are mostly based on centralized or quasi-centralized technologies which resulted in a lot of ongoing hacks. <\/p>\n\n\n\n

MAP Protocol revolutionizes cross-chain technologies and engineered a fully decentralized, provably secure, interoperable, efficient, and composable Omnichain Network that can integrate any blockchain, EVMs, or non-EVMs. <\/p>\n\n\n\n

The team behind this revolutionary project are devoted engineers that spent 4 years on this fully decentralized Omnichain dream. Through numerous trials and errors, they finally decided on the light client and Zero-Knowledge (zk) technologies on a relay chain network design. MAP Protocol\u2019s mainnet was launched in August 2022. <\/p>\n\n\n\n

MAP Protocol – the first direct and instant bridge from NEAR to\/from BNB Chain<\/strong> <\/h2>\n\n\n\n

The first cross-chain pair to be live on MAP Protocol\u2019s Omnichain Network will be NEAR <> BNB Chain. This will be revolutionary, bridging directly from NEAR to BNB Chain, not through any Ethereum Virtual Machine (EVM) such as Aurora. This will allow a near instant (only limited by block confirmation time on chains) bridge between these two top blockchains in a fully decentralized and provably secure manner, without any designated third-party MPCs (Multi-Party Computation) or oracles. <\/p>\n\n\n\n

The first project to be built on this Omnichain is Butter, a cross-chain token bridge. Butter is positioned as the Visa or Stripe payment gateway in crypto, aiming to offer a decentralized and seamless cross-chain payment solution to developers and users.  <\/p>\n\n\n\n

But the innovation definitely does not stop there as MAP Protocol also allows the bridging of data, messages, and NFTs. Another project on this Omnichain Network is Plyverse, which is a GameFi wallet that allows easy deployment for games onto different chains and has access to data on different chains. <\/p>\n\n\n\n

The team is onboarding numerous innovative multichain projects onto its Omnichain Network and welcomes any developers to build any creative multichain Dapps with MAP Protocol\u2019s SDKs with full integration support. <\/p>\n\n\n\n

MAP Protocol – the undervalued gem<\/strong> <\/h2>\n\n\n\n

Because the team has focused on development, MAP Protocol is not a well-known name in the industry and is heavily undervalued when compared to its competitors. <\/p>\n\n\n\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

If there is a silver lining in last week\u2019s FTX and Alameda fiasco, it would be a wake-up call for everyone in web3 as to the importance of decentralized finance…<\/p>\n","protected":false},"author":3,"featured_media":365,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[68,69,67],"yoast_head":"\nMAP Protocol brings light client cross-chain bridge to NEAR & BNB Chain<\/title>\n<meta name=\"description\" content=\"MAP Protocol is bringing the first NEAR to BNB Chain cross-chain bridge based on light-client and ZK technology.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theblock.co\/post\/188435\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MAP Protocol brings light client 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