Ecosystem
Introduction to Connext
Learn more about Connext and find out how it paves the future of value transfer with its interoperability protocol.
What is Connext?
Discover the future of value transfer
Connext is a modular protocol for securely passing funds and data between chains. Developers can use Connext to build crosschain apps (xApps) – applications that interact with multiple domains (blockchains and/or rollups) simultaneously.
Connext’s Vision
Understanding what Connext seeks to accomplish
From a technological perspective, decentralized applications have the power to put ownership, control, and value back into the hands of sovereign individuals. However, these applications are not easily accessible by anyone. Connext seeks to solve this challenge.
Connext’s vision is to build the future of value transfer on the internet. This becomes possible when everyday users can exchange value effortlessly between disparate cryptosystems.
Seamless Crosschain Experiences
Low cost, near-instant transactions
Why Is Connext Needed in the First Place?
Over the course of the last years, a multitude of new blockchain ecosystems have started to emerge. Along with these new ecosystems came a variety of new use cases for distributed ledger technologies, such as decentralized finance (DeFi) and Non-Fungible-Tokens (NFTs).
This continuously accelerating growth introduces two key challenges: cross-chain communication and ecosystem accessibility.
The Problem: Siloed Decentralized Systems
The central problem the cryptocurrency market is confronted with is that there is no universal existence between the different ecosystems, dApps, coins, and tokens. As such, each is hosted on its own separate blockchain or is built on top of larger ecosystems such as Ethereum, Polkadot, and Cardano.