Borderless isn’t like other decentralized exchanges (DEXs). For one thing, it comes with its own blockchain – or rather the Block Collider chain comes with its own DEX. Throw in the ability to perform cross-chain transfers, block times that are 3x faster than Ethereum and no limits on order size, and Borderless would appear to be markedly different from the competition. News.Bitcoin.com was given a walkthrough of the new DEX, which is due to go live in the next few weeks.
Welcome to the Multiverse
To understand Borderless, it’s necessary to know a little about Block Collider. The project, whose ICO hit its $7M cap in minutes last April (with over $500M pledged) is now operational, with its Multiverse block explorer showing the network’s current state of play. In addition to the shooting stars that occasionally whizz across the screen, there’s a few other peculiarities to the Block Collider network and its Multiverse explorer, whose defining feature is its interoperability. 2019 will see a string of blockchain projects come onstream that promise to eliminate the “walled garden” effect that renders networks incapable of communicating with one another. Cosmos, Polkadot and Block Collider are leading the movement for cross-chain play.
Block Collider’s solution is to create a blockchain whose mining algorithm consumes blocks from other blockchains as part of its mining computational challenge. Its website explains: “Miners who submit a bad block as their proof of work will be rejected by other miners and won’t get the block reward. As the difficulty rises, the same incentive framework that strengthens the Bitcoin blockchain will reinforce alignment with miners of the Block Collider.” The project has launched with five blockchains initially – BTC,