Introduction to AnySwap Protocol
AnySwap is a decentralized cross-chain trading protocol utilizing Automated Market Maker (AMM) mechanisms for price discovery and liquidity provision. Built on Fusion's Distributed Control Rights Management (DCRM) technology, it enables seamless asset swaps across multiple blockchains including Bitcoin, Ethereum, BNB Chain, and others supporting ECDSA/EDDSA signature algorithms.
How AnySwap Cross-Chain Bridge Works
The AnySwap Cross-Chain Bridge combines Secure Multi-Party Computation (SMPC) with Threshold Signature Schemes (TSS) to create a decentralized interoperability solution. Its architecture comprises:
- DCRM Node Network: A distributed validator set managing asset custody
- Bridge Smart Contracts: Deployed on Binance Smart Chain (BSC) to handle asset mapping
👉 Discover how decentralized bridges enhance blockchain interoperability
Key Functionalities
Decentralized Asset Custody:
- DCRM nodes collectively manage multi-sig wallets on connected chains
- No single entity holds complete private keys
Cross-Chain Asset Mapping:
- 1:1 pegged tokens are minted on BSC upon deposit confirmation
- Original assets remain securely locked in DCRM-managed addresses
User Asset Management:
- View balances across connected chains
- Transfer pegged tokens within BSC ecosystem
- Participate in DeFi protocols using mapped assets
Technical Advantages
Enhanced Security Measures
- Zero Private Key Exposure: Distributed key generation via SMPC+TSS
- Audited Infrastructure: Code verified by SlowMist Security (Audit Report: MMS-2021-005)
Broad Chain Compatibility
- Supports all ECDSA-based blockchains
- Native integration with EVM-compatible networks
- No required modifications to connected chains
👉 Learn about secure cross-chain asset transfers
Currently Supported Assets
| Asset | Origin Chain | Pegged Token Standard |
|---|---|---|
| BTC | Bitcoin | BEP-20 |
| ETH | Ethereum | BEP-20 |
| USDT | Ethereum | BEP-20 |
| LINK | Ethereum | BEP-20 |
| FSN | Fusion | BEP-20 |
Future integrations planned for XRP, EOS, LTC, and BCH
Governance and Community Participation
Adding New Asset Support
Proposal Requirements:
- Minimum 1,000 ANY tokens held
Complete technical specifications including:
- Token contract address
- Origin/destination chains
- Compliance verification
Voting Process:
- Community evaluates technical feasibility
- Approved proposals implemented via bridge upgrade
Note: All bridge operations maintain decentralized governance principles
FAQ Section
Q: How secure is my assets during cross-chain transfer?
A: Funds remain under distributed custody of DCRM nodes throughout the process, with cryptographic proofs ensuring 1:1 backing at all times.
Q: What's the typical processing time for cross-chain transfers?
A: Transactions usually complete within 5-15 minutes depending on network congestion of both origin and destination chains.
Q: Can I reverse a cross-chain transaction?
A: Yes, the same bridge mechanism allows transferring assets back to their native chain by burning the pegged tokens.
Q: Are there limits to transfer amounts?
A: No protocol-enforced limits exist, though liquidity pools may affect large transactions.
Q: How do bridge nodes reach consensus?
A: Through TSS-based signature aggregation where a threshold of nodes must approve each operation.
Q: What happens if a connected chain halts?
A: Bridge operations pause automatically until network stability returns, with all locked assets remaining secure.