If you asked someone to name the top 10 problems in crypto and DeFi today, there’s a good chance that ‘lack of interoperability between blockchains’ would be at the top of their list. If it isn’t — then it should be, because the inability to easily move value between blockchains is what’s putting the brakes on sustainable growth in the decentralized finance sector now.
It’s a tough problem — but it’s one the 0x_nodes project is set up to solve.
Our team has decades of experience in technology, cryptocurrency, design and engineering. We have been building networks since before the internet existed. To the non-technical, Web 3.0 feels seamless. Video streaming, global zoom conferences, smartphone apps, gaming, and social media. Everything is integrated and it all just works.
This is the reality of the internet today. Business, entertainment, education and personal connection have all been supercharged in ways we could have only dreamed of 20 years ago. The same thing needs to happen now in the decentralized finance space — and we don’t have 20 years to do it.
Through groundbreaking innovation and fast development cycles, 0x_nodes aims to end the fragmentation of the Ethereum network — and make interoperability commonplace for all.
0x_nodes is a cross chain protocol that allows synthetic asset movements between blockchains — enabling broader yield aggregation strategies. Being able to seamlessly move value between blockchains will open up a whole new world of financial products and services — just as hi-speed internet connectivity changed how we work, communicate and are entertained today.
0x_nodes will start on the Ethereum mainnet first — quickly deploying nodes throughout the Ethereum Virtual Machine (EVM) ecosystem. Building on the core concept of making systems that are user friendly, the 0x_nodes system is complex behind the scenes, but is easily understood and doesn’t need a reference library of material to operate.
Instead of utilizing a spoke network topology, 0x_nodes will be comprised of a core mesh network between EVM ecosystems — and will ultimately bridge the EVM network with external blockchain networks. This unidirectional yield aggregation pulling from EVMs to the mainnet will create unprecedented opportunities for yield, while also simplifying the experience for the end user.
the $BIOS token:
With initial fundraising completed we’ve combined the value proposition of 0x_nodes and the diverse functionality it represents into a single token — $BIOS.
At the core of every computer system is the BIOS. This is the program that a computer’s microprocessor uses to start the computer system after it’s powered on. It also manages data flow between the computer’s operating system and attached devices like the hard disk, video adapter, keyboard, mouse, and printer. Most users will never have to deal with it — but a computer’s BIOS is the key to everything working smoothly.
This concept represents exactly what we aim to achieve in the DeFi space.
Although the DeFi system does work today, it isn’t what it could be. With the 0x_nodes $BIOS token we’re committed to maximizing the potential of the evolving multichain liquidity network to ensure it spans every aspect of onchain and offchain transactions. And we won’t take 10 years to do it. As we get closer to the IDO we will be releasing more details on how a single node will work together in a larger network of 0x_nodes deployments.
We look forward to building with you.