Decentralized Cross-Chain Operations
Introduction
Nexio eliminates the need for:
- Cross-chain bridges,
- Token wrapping, or;
- Custodial intermediaries.
This is thanks to the MPC-TSS Bridge covered in MPC-TSS Bridge.
This architecture is highly secure and provides an extensive range of benefits that include decentralized control, strong security, transparency and integrity, and ultra-fast computations.
In this section, we provide a closer look at:
- Threshold-Based Security: Nexio uses an {m, n} threshold configuration to ensure that any transaction requires collaboration from a minimum number of participants.
- Deposit Flow: When users deposit Bitcoin into Nexio’s MPC-TSS vault, generating cryptographic proofs and minting equivalent BTC tokens for use within Nexio’s ecosystem.
- Withdrawal Flow: When users withdraw Bitcoin back to the Bitcoin network through a secure process involving proof generation, verification, and decentralized approval using MPC-TSS.