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Introducing Bifrost: Bridging Stellar and Beyond

We're thrilled to announce Bifrost, our latest project supported by The Stellar Community Fund.

1. What is Bifrost?
Combining the best of both worlds - decentralized robustness with modular flexibility.

2. Why Scintilla?
Scintilla is a platform tailored for real-world assets. It's designed for swift transfers at almost zero fees. So, by connecting Stellar to Scintilla, we're giving the Stellar Community a chance to play in a much larger field.

3. Key Features of Bifrost:

  • Open Interchain Bridge: We're not just connecting Stellar to Scintilla. We're also bridging it to Bitcoin, Ethereum, Cosmos, and many more. And guess what? It's super secure!
  • Value for Stellar Users: Imagine being able to exchange your Stellar assets with thousands of real-world assets. That's what Bifrost offers.
  • Safety First: With a trustless bridge and a validator quorum system, your funds are in safe hands.
  • Legal Support: Scintilla guides businesses in tokenizing assets, and they even provide legal support, all paid for by the chain's DAO budget.
  • Advanced Security: Our system uses both Proof of Work and Proof of Stake to verify transactions. That means it's fast, secure, and efficient.

4. User Experience:

  • Simple Currency System: All assets are paired with USDC, a stablecoin pegged to the US dollar, which is globally recognized. With Stellar, transactions involving USDC are almost instantaneous and virtually free.
  • Built for Everyone: Whether you're a newbie, a developer, or a partner, our project is designed for you. From mobile and web apps to developer tools, we've got you covered. Plus, developers can expand their projects using our SDK.

In essence, Bifrost is set to revolutionize how you interact with Stellar and real-world assets. Stay tuned for more updates!

Bifrost: Bridge across chain

standardized, interoperable.

Bridge & distributed mint permission

Validator can provide extra service such as asset on/off-ramp.

All token are native

Pay fee with transacted token. Use USDC as anchoring.

Secured

Multi-signature funds management with BFT (highly secure) setup.

Protocol: side-chain for RWA

Bringing E.S.G investing on chain.

Decentralized & permissionless

Working, building, or providing services to the protocol is permissionless.

Scalable

Scintilla works in a modular, distributed and decentralized way.

Nodes form cluster that can handle ~ 1k TPS. More clusters = higher TPS.

Battle-tested

All consensus methods (Quorum based, Nakamoto, BFT POS) used in the protocol.

have been battle-tested over billions of assets.

Adapted

Built-in system for distribution of dividends for RWA.

Asset transaction can have events triggers for additional operations (SmartScript)

Optimized network mesh

As each node is listening to 2/3 of the quorums member. Every transaction are at a single hops no matter where we are in the network mesh.

Ensure fast data propagation.

Governance

Internal budget and discourse system.

Scintilla protocol governance

Part of protocol fees are distributed towards passing proposal (development, services, integrations,...).

Asset fine-control

Within each asset can lie a governance system and inner fee collection and distribution process independently from other assets.

Appointed entities

Legal consulting and framework offered to 3rd party businesses via legal entities appointed by governance.

Identity

Pay to moniker, pass only a single KYC.

Scintilla Identity Service

Provide with a human readable alternative for net resources.

Allow to map addresses, hashes or website URL.

Handle top and second level naming.

Deterministic Validator Node List

Using the Identity module provides the system with a deterministic validator node list.

Allow to know the next proposer in advance, and all active validator.

Identity Stamps

Legal entities can stamp an identity with a specific check (such as KYC) and vouch the user within the ecosystem.

Allow to reduce number of KYC check and data dissemination.

Decentralized Data

Store and access a distributed key-value system.

Use within Smart Script / Smart Contract

Accessible from anywhere, allow a specific value to be shared across the network.

Data access from REST or internally (contracts, scripts, triggers).

Notary service

Identity can sign documents and keep the proof on-chain.

Easy and simple way to anchor data proofs forever.

Next: Decentralized Compute & Smart Contract