Slashing and Delegated Staking with Alex Smirnov

The DIVI Crypto Podcast

In this episode of The DIVI Crypto Podcast we are talking with Alex Smirnov deBridge Finance. deBridge is to be a decentralized regulation for cross-chain interoperability and liquidity transfers. When using deBridge, one can scale up their protocol, bridge various arbitrary assets, along with building new cross-chain interoperability applications atop a decentralized infrastructure. It is possible, with deBridge, to pass capricious information or transaction data to be executed on the specific blockchain, execute cross-chain calls from smart contracts, and make cross-chain rules and applications that haven’t been done in the past. Now, one no longer has to look for a specific bridge for each specific blockchain. The unified standard of deBridge allows for cross-chain transfers and swaps between various blockchains from one UI. Slashing and delegated staking performances enforce that all deBridge validators are financially accountable for fault-tolerance validation and sending of cross-chain transactions. Users do not need to face the risk of funds being stuck, as the delays will put validators’ collateral under the risk of slashing. Those who create protocols can connect components in, permitting exchanging of arbitrary information for smart contracts between different blockchain networks. The problem of liquidity fragmentation will be overcome by deBridge, as the liquidity in all blockchain ecosystems is at arm's length. Smart contracts and users can interact with any protocol directly from any blockchain. Integrating deBridge into existing applications permits new user experiences. Users aren’t required to manually switch networks in their wallets, as the transaction is signed in one blockchain and immediately executed by keepers on another blockchain. For NFTs, deBridge will: Bridge NFTs between blockchains Buy and sell users game assets on multiple NFT marketplaces directly from game interfaces Make the assets interoperable on the various Metaverses Build cross-chain applications and characteristics for NFTs and digital assets The protocol fee structure of deBridge is split between the protocol fee and the execution fee. The execution fee acts as a reward recommended to keepers for the execution of the transaction in the target chain. In addition, users pay a small protocol fee on each transaction performed on deBridge. Protocol fees are for the decentralization of the protocol, for deBridge validators who are financially accountable for proper operations of the deBridge protocol, via slashing and delegated staking mechanisms. Remember that deBridge is an interface, and that some blocks have longer confirmations, and that some slippage is expected to happen in the course of transactions. Site: https://debridge.finance/ Telegram: https://t.me/deBridge_finance Twitter: https://twitter.com/deBridgeFinance Discord: https://discord.gg/debridge Github: https://github.com/debridge-finance/ Facebook: https://www.facebook.com/deBridgeFinance/ Reddit: https://www.reddit.com/r/debridge/ LinkedIn: https://www.linkedin.com/company/debridge-finance/ -- DIVI is creating the world's first closed-loop, vertically-integrated cryptocurrency ecosystem. Much like Apple's ecosystem is anchored by iCloud, the DIVI Project blockchain serves as the core of the DIVI network of technologies. Thanks to a keen understanding of the divide that separates the mainstream from the crypto world, the DIVI team is able to create solutions to the industry's biggest problem: adoption by non-technical users. DIVI's user-friendly, one-click solutions aim to bring blockchain-based payments into modernity with great UX. In this podcast, we will cover all aspects of cryptocurrency, hot topics, and technology as worldwide adoption grows.