jakiro
Ethereum is not doing as expected, and more and more chains are beginning to introduce different virtual machines (VMs) – these are called “altVMs”.
In contrast, public chains such as Solana and Sui stand out, and the rise of Meme coins is beyond expectations, demonstrating the competitive and collaboration potential of different virtual machines (altVMs).Against this backdrop, what will it mean when @CatalystSystem announces that it will be the only bridge between altVMs?? ?
1. What is altVM?Why do they matter?
We all know that virtual machines (VMs) are the core components of executing smart contracts.Ethereum’s EVM is one of the earliest and most popular virtual machines, but it is not the only option.altVM refers to virtual machines running outside of Ethereum EVM, which are usually designed as solutions optimized for specific needs.
For example, Solana, Sui, and Aptos are all well-known altVMs that provide higher speeds, more scalability, and even better security than Ethereum EVM through different architectures and technologies.The emergence of these altVMs has given developers more choices and has also made the on-chain application scenarios more diverse.
Although these altVMs have their own advantages, how to smoothly transfer and interoperate assets between them is still a huge challenge.Because of this, cross-chain protocol has become a hot topic.
2. Catalyst: Create a cross-chain bridge for altVM
In order to enable users to easily cross different altVM ecosystems, Catalyst came into being.
Unlike other cross-chain, the cross-chain problem between EVM and EVM has been solved.Catalyst is the first bridge built specifically for the altVM ecosystems such as Bitcoin, SVM, TON, Move, Cosmos, etc., connecting users outside of EVM.
The advantage of Catalyst is its rapid deployment and adaptability, and its ability to support emerging altVMs in just a few months, quickly bringing users a new cross-chain experience.Most importantly, Catalyst’s design allows users to easily access other altVM ecosystems like they operate on Ethereum, greatly reducing the technical threshold for cross-chain operations.
3. CrossCats: One of the core components of Catalyst
So, how does Catalyst combine with altVM?This is about CrossCats.CrossCats is an intent-based cross-chain exchange protocol.
With CrossCats, users can transfer assets from one altVM to another, or even from traditional blockchains like Bitcoin to more modern virtual machines.This cross-chain interoperability greatly improves the liquidity of users’ assets.
For example, suppose a user wants to exchange his Bitcoin for tokens on a certain altVM, CrossCats will ensure that the transaction can be completed smoothly through its unique protocol, which is a more efficient and convenient cross-border approach than Ethereum EVMChain operation experience.
4. What is the significance for users?
So, what does CrossCats mean for the average user?
On the one hand, users can transfer assets more easily, especially for exchanges between virtual machines and Bitcoin.Other cross-chain operations usually require the help of multiple tools, wallets and cross-chain bridges, but using CrossCats, Bitcoin can be exchanged into tokens on a certain altVM in a single environment for cross-chain transactions, lending, or DeFi.
On the other hand, as CrossCats connects to different altVMs, developers can deploy dapps on multiple chains.This means that users can experience more applications and services from other ecosystems, and are no longer limited to the Ethereum ecosystem.
CrossCats main network was launched on November 27, official website details:
https://crosscats.xyz/
5. Summary
Finally, let’s summarize the relationship between altVM, Catalyst and CrossCats:
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altVM emerged to address the limitations of EVM and they provide more efficient solutions for specific applications.
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Catalyst provides a bridge to connect to altVM, making cross-chain operation easier.
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CrossCats is a core component in the Catalyst architecture.
At present, the cross-chain between altVMs, BTC and altVMs is relatively novel. As the only connection bridge, @CatalystSystem is relatively popular in foreign communities and is worth paying attention to.
