Multichain MULTIPrice $ 0.551

Multichain is the ultimate Router for web3. It is an infrastructure developed for arbitrary cross-chain interactions. The solutions developed by Multichain allow almost all blockchains to inter-operate. There is no restriction to Ethereum like chains (e.g. Binance Smart Chain), or different Layer 2 chains requiring finality to Ethereum (e.g. Polygon), or a network of Parachains (e.g. Moonbeam in the PolkaDot system), or Bitcoin types of chain (e.g. Litecoin), or COSMOS chains (e.g. Terra). These are either now all integrated, or on course for integration. With support for all ECDSA and EdDSA encrypted chains, Multichain is almost universally applicable as an interoperable layer.

There are some different services that use the SMPC network:

• Bridge. An asset is locked up in an MPC smart contract on the source chain and then a corresponding wrapped asset is minted on the target chain. The reverse process (called Redeeming) sees the wrapped asset being burned and then the asset in the smart contract being released back to the chain from where it originally came from. A bridge can therefore only ever operate between two blockchains

• Router. On June 4th 2021, Multichain launched its Multichain router V3 beta mainnet. The Router has these significant features:

- It can allow assets transfers between any two or more chains.

- It can work with pre-existing assets on blockchains, by using liquidity pools for those assets.

- It can also work with Bridged assets smart contract, where Multichain is responsible for minting assets on chains. This allows a generalisation of Bridges, so that assets are not restricted to having to return to their source chain before being sent to another chain. This makes for a cost effective solution for users, especially if the asset originated on Ethereum.

- The Router can include both native and Bridged assets. This allows inclusion of assets that might have been generated with a third party bridge (though we would need to understand what bridges were originally used).

• Crosschain Contract Calls. With the anyCall smart contract function, projects can now make cross-chain contract calls, all with the security of Multichain's MPC network

• Crosschain NFT Bridges and Router. Multichain now offers a bridge for NFT's (both ERC721 and ERC1155 smart contract standards). We also now have a Router for NFT's.

MULTI will be the governance token used to allow MULTI token holders to vote and participate in the governance of the Community and Ecosystem.

Historical event: Multichain (MULTI) has been exploited and the team is currently investigating. Please read this post for more information:https://twitter.com/MultichainOrg/status/1677096839731097600?t=KtcQz2iRtXkTH1XxlOTVYQ&s=19