ChainX is the community-run layer2 network of bitcoin.

ChainX, the earliest launched project in polkadot ecosystem,ChainX is committed to the research and application of Bitcoin layer 2 expansion, digital asset gateway and Polkadot second-layer relay chain,To realize cross-chain asset exchange, leading the new direction of Bitcoin Cross-DEFi. ChainX is deeply committed to researching and expanding Bitcoin’s Layer 2 financial platform, striving to promote Bitcoin’s value flow, enrich financial derivative opportunities and improve hedging tools. The The ChainX asset gateway is composed of two parts: decentralized Bitcoin trusteeship and inter-chain asset mirroring. Users deposit and collateralize bitcoins for X-BTC and use this in transactions with synthetic assets of other cryptocurrencies, growing to a wide range of cryptocurrencies that can be exchanged and traded on the same chain. ChainX will run as the second-layer network to Polkadot after it releases version 2.0.