/biz/ - Business & Finance

>>30061608
https://cryptoslate.com/why-defi-needs-oracle-cross-chain-defi-with-chainlink-dcrm/

Looking further into it, it seems like Fusion's decentralized cross chain capabilities are one of the things enabling Andre's cross chain work. And it's based and LINK pilled

https://cryptoslate.com/why-defi-needs-oracle-cross-chain-defi-with-chainlink-dcrm/

>Fusion tackles this issue of cross-chain asset exchange from the very bottom data layer in the blockchain protocol, the layer where transactions are signed using cryptographic keys. It is because there is less variety on this layer, given around 80% tokens utilize ECDSA private key encryption algorithm on the data layer, including Bitcoin and Ethereum. The abstraction across multiple layers can also provide a seamless cross-chain integration on the application layer, where most cross-chain communication is abstracted away from the user interface.

>On the other hand, DCRM technology combines existing cryptographic technologies with zero-knowledge proof, sharding, and homomorphic encryption. It enables seamless and decentralized executions of cross-chain smart contracts without any governance or intermediaries. Key sharding and distributed ECDSA-compatible encryption algorithm facilitates nodes in the Fusion network to generate multi-asset wallets in a way that no single node or individual can access the private keys that control the assets. Key shards are generated by multiple nodes independently, and each shard represents a fragment of the key. The whole private key is never reconstructed at any stage from key generation to signing transactions and asset storage.