Chainflip is a decentralized platform easing the swapping of one cryptocurrency to another. The protocol improves and learns from past projects that have tried inter-chain interaction through atomic swaps, wrapped tokens, and centralized entities. As such, the network removes major bottlenecks found on these systems.
For example, the platform supports inter-blockchain asset interaction through ordinary crypto wallets, and only a single transaction is needed for a successful swap. Chainflip’s operation mode and architecture involve staked vault nodes. Note that to keep funds safe, staked nodes interface with multi-sig wallets.