Disclaimer: this project is still under development and not safe to use!
XCLAIM is a framework for achieving trustless and efficient cross-chain exchanges using cryptocurrency-backed assets (CbAs). XCLAIM allows to create assets which are 1:1 backed by existing cryptocurrencies, without requiring trust in a central operator. While this approach is applicable to a wide range of cryptocurrencies, we currently focus on implementing Bitcoin-backed tokens on Ethereum, i.e. XCLAIM(BTC,ETH).
XCLAIM introduces three main protocols to achieve decentralized, transparent, consistent, atomic, and censorship resistant blockchain interoperability for cryptocurrencies:
The current XCLAIM prototype is compliant with the ERC20 standard. An overview of the protocols is presented below:
XCLAIM guarantees that Bitcoin-backed tokens can be redeemed for the corresponding amount of Bitcoin, or the equivalent economic value in Ethereum. Thereby, XCLAIM overcomes the limitations of centralized approaches through three primary techniques:
Read more about XCLAIM in our paper (currently under submission).
A concise overview is coming soon. For now, please refer to the paper.
Coming soon. For now, please refer to the paper.
Make sure ganache-cli and truffle are installed as global packages. Then, install the required packages with:
npm install
Start ganache:
ganache-cli
Migrate contracts:
truffle migrate
Run tests:
truffle test
This will also re-run migration scripts.