Sep 1, 2021 | Business
Bluehelix formally released Bluehelix Bridge Solution (BBS), a decentralized MPC-based cross-chain bridge solution that supports the decentralized cross-chain access of any public chain, any heterogeneous chain, any homogeneous chain, or any ecological native asset, days ago.
As of August 31, independent cross-chain addresses exceeded 1,800, cross-chain deposits and withdrawals exceed 5,000, and cross-chain access has exceeded USD10 million. Bluehelix Bridge currently supports BTC, ETH, HECO, BSC, DOGE, Polygon and TRON, and will soon support Solana, Near, Cosmos and others.
Bluehelix Bridge is a cross-chain bridge solution that allows encrypted assets to be transferred between blockchains. It has been released for multiple public chains and projects, and seeks to establish a zero-threshold circulation connection for public chain ecological assets as well as encourage the mutual chain of all things in the public chain ecosystem.
Differing from the implementation of cross-chain by smart contracts on the market, Bluehelix Bridge addresses the problems of transparency and decentralization by adopting internationally recognized and relatively safe cross-chain methods and technologies. Bluehelix Bridge is based on MPC distributed key technology patented in the US and Europe, and realizes “completely decentralized” cross-chain bridge services.
The advantages of Bluehelix are briefly summarized below:
A. Fully open-source and extremely easy to access: Projects can directly perform cross-chain operations through the Bluehelix public chain and API without any fees. As an open-source public chain, Bluehelix can provide underlying support for various financial and commercial services through open API interfaces. Financial institutions and startups need only focus on the creation and operation of financial products and commercial applications.
B. Support for cross-chain native assets and deposit methods: Bluehelix is the only decentralized MPC-based cross-chain bridge solution that supports all public chains and their native assets, and does not limit deposit methods, including cross-chain deposits from centralized exchanges.
C. Security & technology patents: At present, many cross-chain bridges on the market use the smart contract deployment model for cross-chain, which has various flaws in security. Bluehelix has achieved complete decentralization with patented MPC distributed key technology, and any cross-chain user assets have independent cross-chain custody addresses.
Additionally, all cross-chain processes and asset transactions on Bluehelix are completely open and transparent, including addresses. Each cross-chain call process can be queried on the chain and on the explorer. In addition, Bluehelix has passed the audits of SlowMist and Peckshield. Its multi-layer cross-chain custody nodes support rapid rotation and are supported by many well-known institutions.
Any project, public chain, and wallet can be cross-chained based on Bluehelix BBS solution to achieve decentralized circulation between different ecosystems. By introducing assets on other chains into its own ecology through cross-chain, Bluehelix can help the public chain to establish an ecology and help projects to quickly deploy and circulate assets in multiple chains.
For public chains: Bluehelix supports the N*N cross-chain model, supports complete chain-to-chain data interoperability, and helps public chains to quickly and safely introduce various ecosystems in a decentralized manner. Presently, Bluehelix is compatible with current mainstream public chains, as well as all mainstream cross-chain solutions.
For projects: There are many cross-chain bridge solutions on the market, but most of the projects cannot solve the problems of high cross-chain costs and cumbersome cross-chain processes. With Bluehelix Bridge, it helps DeFi projects achieve safe and free circulation between any public chains, which can be regarded as a “cross-chain version of Curve”.
For wallets: Bluehelix helps wallet users to realize asset circulation among multiple public chains, which is fast, safe, and convenient.
Among the existing cross-chain bridges, Bluehelix BBS, with better compatibility and autonomy, is still in the release stage. Any individual or community can create a liquidity pool in HDEX (DEX built on Bluehelix). This feature will greatly enhance the activity of existing users. At the smart contract level, Bluehelix will support WASM and EVM in the future, allowing projects to deploy quickly and efficiently.
Contact: BHEXChain@bluehelix.com
BHEX Official: https://www.bhexchain.com
BBS Official: https://bridge.bhexchain.com/
HDEX Official: https://hdex.bhexchain.com
Telegram: https://t.me/hdexofficial
Twitter: https://twitter.com/HdexOfficial
Jul 12, 2021 | Business
BlueHelix Group (BHEX) has launched HDEX, the world’s first decentralized trading platform to support cross-chain deposit/withdrawals of any asset, on July 8, 15:00 (UTC+8). HDEX is the perfect landing for BlueHelix’ decentralized financial layout and will empower the BHEX centralized trading platform, BHEX Cloud SaaS and whitelabel solutions, and BHEX Chain, the ecological sectors of BlueHelix Group.
HDEX exchange is based on BHEX Chain technology, the patented Bluehelix decentralized private key generation technology. It overturns CEX and the traditional DEX model, supporting arbitrary linkage and trading among heterogeneous and homogeneous chains, and is fully compatible with various cross-chain technologies and standards, providing a technical foundation for HDEX to change the business logic of digital asset trading platforms.
Through HDEX, users can realize “decentralized and cross-chain safe asset deposit and withdrawal, the swap and circulation of any trading pair on-chain, and the rapid transfer of assets between any public chains, truly realizing a complete cross-chain DEX model.”
The innovation and integration of DEX + CEX
In the process of digital currency trading in a centralized exchange, the exchange is responsible for the entire transaction process such as custody of funds, providing liquidity, matching transactions, and delivery and clearing. The platform has the absolute right and controls the user’s asset security, users are in a weak position.
With the development of DeFi, DEX has risen rapidly, solving many problems of centralized exchanges: Asset ownership risk: Users do not need to hold assets in CEX, and assets will be under their own control; Regulatory risk: Unable to be supervised by government and not affected by policies; and Trading risk: Users do not need to worry about counterparty and transaction fraud and other issues.
DEX makes up for the deficiency of CEX and meets the actual needs of users. Currently, the market capitalization of some DEX platforms has surpassed CEX, along with the continuously growing trading volume and daily active users.
However, DEX in the market is built on a single public chain and deployed via smart contracts, such as Uniswap on Etherum, MDEX on HECO and Pancake on BSC, or the Layer2 mode on Etherum, such as Loopring and Zkswap, while it: Does not support swap between Native tokens and mainstream assets like BTC; Most are based on the AMM model but not OrderBook model; Low Asset trading efficiency and higher gas fees; Unable to realize the liquidity combination between cross-chain assets nor achieve liquidity sharing between DEXs.
HDEX has been committed to changing the existing problems of DEX and CEX since establishment, while perfectly integrating the advantages of the two. Through HDEX, users can share the liquidity and depth of any trading pair on any chain, enjoying the trading experience of a centralized exchange, with better user privacy and asset security.
HDEX also announces the Global Ambassador Recruitment Program, and we welcome all global partners to join. As a member of the BHEX ecosystem, HDEX is expecting a bright future with the full recourse, technology, and management support of the Bluehelix Group.
For more information:
Elsa, hdex@b
Jul 10, 2021 | Business
BlueHelix Group (BHEX) has released HDEX, the world’s first decentralized trading platform that supports decentralized cross-chain deposit/withdrawal and trading of any asset, on July 8. HDEX is the perfect landing for BlueHelix’ decentralized financial strategic layout and will continue to empower the BHEX centralized trading platform, BHEX Cloud Saas & Whitelabel solutions, and BHEX Chain in the ecological sectors of BlueHelix Group.
HDEX decentralized exchange is based on BHEX Chain technology, the patented Bluehelix decentralized private key generation technology. It overturns CEX and the traditional DEX model, supporting arbitrary linkage and trading among heterogeneous chains and homogeneous chains which are fully compatible with various cross-chain technologies and standards, providing a technical foundation for HDEX to change the business logic of digital asset trading platforms.
Therefore, through HDEX, users can realize “decentralized cross-chain asset safe deposit and withdrawal, the swap and circulation of any trading pair on-chain, and the rapid transfer of assets between any public chains, truly realizing a complete cross-chain DEX model.”
The innovation and integration of DEX+CEX
As we all know, in the process of digital currency trading in a centralized exchange, the exchange is responsible for the entire transaction process such as custody of funds, providing liquidity, matching transactions, and delivery and clearing. The platform has the absolute right and controls the user’s asset security, users are in a weak position. With the development of DeFi, DEX has risen rapidly, solving many problems of centralized exchanges:
– Asset ownership risk: Users do not need to hold assets in CEX, and assets will be under their own control.
– Regulatory risk: unable to be truly supervised by the government and not affected by policies.
– Trading risk: Users do not need to worry about counterparty and transaction fraud and other issues.
DEX makes up for the deficiency of CEX and meets the actual needs of users. Currently, the market capitalization of some DEX platforms has surpassed CEX, along with the continuously growing trading volume and daily active users.
However, DEX in the market is built on a single public chain and deployed via smart contracts, such as Uniswap on Etherum, MDEX on HECO and Pancake on BSC. Or the Layer2 mode on Etherum, such as Loopring and Zkswap, while with the main problems as follows:
– Not support the swap between the Native tokens of mainstream assets like BTC;
– Most are based on the AMM model but not OrderBook model
– Low Asset trading efficiency and higher gas fees;
– Unable to realize the liquidity combination between the cross-chain assets;
– Unable to achieve the liquidity sharing between DEXs
HDEX has been committed to changing the existing problems of DEX and CEX since the establishment of the project, and perfectly integrating the advantages of the two. Through HDEX, users can fully share the liquidity and trading depth of any trading pair on any chain, and enjoy the trading experience no less than that of a centralized exchange but also with better user privacy and asset security experiences.
Leading the exchange business revolution
So, how will HDEX decentralized exchanges change the pattern of CEX and DEX and innovate the business logic of digital asset exchanges?
First. HDEX solves the cross-chain trading barrier on DEX.
HDEX fully supports the swap of Native tokens. Users can directly swap them into real mainstream public chain tokens such as BTC through HDEX, and withdraw them into their wallets at any time. There is no need to swap the assets issued by centralized organizations on HECO or Binance BSC, which greatly lowers the trust risks of the third parties.
HDEX also simplifies the complicated withdrawal procedure for the swapped assets on CEX.
Second, HDEX support the AMM+Orderbook trading mode, with the same liquidity pool;
Traditional DEX adopts the Orderbook mechanism, which is similar to the centralized exchange. However, many orders couldn’t be matched due to the slow trading speed on-chain and small user scale. The occurrence of AMM market-making allows anyone to participate in liquidity providing, with a 3% transition commission bonus, has effectively solved the insufficient liquidity issue in the order book mechanism, which contributes to the growth spurt for the AMM DEXs represented by UniSwap.
However, without the Orderbook model, users of the AMM DEX can only place the orders on market price but not limit orders on CEX. Meanwhile, there will be a large slippage due to the lack of order book function, and orders cannot be filled at a satisfactory price, along with higher gas fees due to the congestion of the Ethereum network.
HDEX decentralized exchange supports both AMM and Orderbook modes. Users can initiate market order transactions or limit order transactions, set buying and selling orders according to the target price, and realize automatic execution, instead of relying solely on AMM prices. Decided. At the same time, it is also convenient for users to gather assets near the transaction price, which greatly improves the utilization rate of funds. In addition, HDEX is also very convenient and compatible with CEX user habits and user experience, which can improve and help CEX users seamlessly switch to DEX.
Third, HDEX guarantees 2000TPS+ validation efficiency and performance.
Currently, DEX assets are under decentralized custody, all transactions are on the chain, all operations are performed by smart contracts, and transactions occur directly between buyers and sellers (point-to-point). Every transaction order and status change are recorded in the blockchain network, which greatly reduces the transaction speed. HDEX has more than 2000 TPS and second-level consensus confirmation efficiency, which solves the problems faced by DEX.
HDEX Offers Lower Gas fees. It accounts for only less than 2.5% of Ethereum Gas fees. Most users meet high gas fees, lower efficiency, and transaction failure when using Uniswap, and they may need to set a higher slippage and pay expensive gas fees, while with HDEX, these issues will be no longer issues.
Fourth, HDEX to support all cross-chain assets supported by CEX.
Take USDT as an example, different users may have different USDT on different chains which may be difficult to be swapped with. Users can deposit USDT on different chains on HDEX, which can be mapped to the same USDT as on CEX, and used to trade with other tokens. Similarly, HDEX supports a cross-chain liquidity combination of any currency, which greatly facilitates the asset management and swapping needs of users.
Fifth. HDEX supports the OpenDEX protocol which allows everyone to develop their DEXs.
Currently, different DEXs have their own liquidity pools based on different smart contracts, but often with insufficient liquidity or market depth. Based on the OpenDEX protocol, HDEX allows any individual/community to develop their own DEX through OpenDEX protocol, while sharing the liquid and the co-construction among all DEXs on chain based on this protocol. At the same time, HDEX also supports customized DEX Settings.
In other words, any individual/community can create a Liquidity pool on HDEX and issue tokens, or remove them at any time. This function will greatly improve the activeness of existing users, greatly enriches the liquidity of the exchanges and increases the volumes, and will contribute to the user growth of the DEX market.
Currently, HDEX has launched the Global Ambassador Recruitment Program, and we welcome all global partners to join. Within the BHEX ecosystem, HDEX is expecting a great future with the recourse, technology, and management support from Bluehelix Group.
Media Contact
Elsa, hdex@bluehelix.com
Official Website: https://hdex.bhexchain.com/
Telegram: https://t.me/hdexofficial
Twitter: https://twitter.com/HdexOfficial
Topic: Press release summary
