{"id":558333,"date":"2023-03-02T00:00:00","date_gmt":"2023-03-01T21:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/koii-labs-idexos-launch-middleware-bridge-aiming-to-replace-cexs\/"},"modified":"2023-03-02T00:00:00","modified_gmt":"2023-03-01T21:00:00","slug":"koii-labs-idexos-launch-middleware-bridge-aiming-to-replace-cexs","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/koii-labs-idexos-launch-middleware-bridge-aiming-to-replace-cexs\/","title":{"rendered":"# Koii Labs, Idexos launch middleware bridge aiming to replace CEXs"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a303a712e595\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a303a712e595\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/koii-labs-idexos-launch-middleware-bridge-aiming-to-replace-cexs\/#%E2%80%9D_Koii_Labs_Idexos_launch_middleware_bridge_aiming_to_replace_CEXs_%E2%80%9C\" >&#8221; Koii Labs, Idexos launch middleware bridge aiming to replace CEXs &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Koii_Labs_Idexos_launch_middleware_bridge_aiming_to_replace_CEXs_%E2%80%9C\"><\/span>&#8221; Koii Labs, Idexos launch middleware bridge aiming to replace CEXs &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDMvNjZiYWZiMTAtNjJiZS00N2RhLThiOTEtMTVjZjQ1ZTMxZmU2LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-48054ca8>Attacks on bridge <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> in 2022 led to the theft of $2.5 billion from decentralized finance (DeFi) protocols,\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/tokenterminal\/status\/1582376876143968256\">according<\/a> to a report by Token Terminal. While this could have been a setback for many projects \u2014 and, thus, the crypto space \u2014 it seems to be fueling infrastructure and security developments.<\/p>\n<p>At the 2023 ETHDenver conference, Web3 protocol Koii Labs and software company Idexo announced a new middleware bridge to advance deployments on-chain with \u201cjust a few lines of code,\u201d Cointelegraph exclusively learned from the teams. The solution aims not only to improve security and speed up deployments but also to create a path to replace centralized crypto exchanges with DeFi bridges. <\/p>\n<p>Through bridges, two or more blockchains can share data, such as smart contracts or tokens. Bridges connect different architecture and database networks, but security has been a continuing challenge for projects.<\/p>\n<p>\u201cThe core risk associated with bridges is that they require signing wallets to put through transactions on the destination chain. If those wallets were compromised, then they could make arbitrary transactions that don\u2019t correspond to an event on the originating blockchain,\u201d explained Idexo CEO Greg Marlin regarding\u00a02022\u2019s security incidents targeting bridges.\u00a0<\/p>\n<p>The new middleware bridge, however, forces randomization of the signers (decentralized nodes), with \u200b\u200ba large number of signers available compared with a threshold number of signers for a destination transaction. The bridge\u2019s staking and reward mechanism ensures that the size of transactions is limited by the stake of the eligible participating nodes, claimed Marlin, adding: <\/p>\n<blockquote><p>\u201cThe big difference [&#8230;] is the security offered by the high number of nodes, combined by the random ordering mechanism, choosing at random 10 sequential nodes from potentially thousands of nodes.\u201d<\/p><\/blockquote>\n<p><strong><em>Related:\u00a0Uniswap DAO debate shows devs still struggle to secure cross-chain bridges<\/em><\/strong><\/p>\n<p>Another pain the bridge seeks to address is liquidity across pools and the DeFi ecosystem. \u201cDeFi has operated in silos,\u201d noted Koii Labs CEO Al Morris. According to him, the growth of layer-1 and layer-2 protocols has fragmented liquidity across many chains:<\/p>\n<blockquote><p>\u201cOne of the main reasons that centralized crypto exchanges came to exist is because you need to get from fiat to crypto, and from chain to chain. Cross-chain transfers are a necessity, [&#8230;] but until now, it has been difficult to accomplish in a decentralized manner.\u201d<\/p><\/blockquote>\n<p>Through the bridge, self-custodied tokenholders can choose an origin and destination chain, as well as the amount to be sent across chains, said the companies. Their goal is to provide a decentralized alternative to centralized exchanges and developers seeking to deploy new bridges for native utility tokens.\u00a0<\/p>\n<p>Technologies planned to be incorporated in the bridge over time include zero-knowledge proofs and a cross-chain messaging protocol, enabling smart contracts on different chains to be synced with one another. The bridge will support a range of Ethereum Virtual Machine-based chains, including Arbitrum, Avalanche, Dogechain, Ethereum, Fantom, OKC and Polygon, among others. Non-EVM chains, such as Solana and Polkadot, will be included in later updates. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/koii-labbs-idexos-launch-middleware-bridge-aiming-to-replace-cexs\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Koii Labs, Idexos launch middleware bridge aiming to replace CEXs &#8220; Attacks on bridge technology in 2022 led to the theft of $2.5 billion from decentralized finance (DeFi) protocols,\u00a0according to a report by Token Terminal. While this could have been a setback for many projects \u2014 and, thus, the crypto space \u2014 it seems&#8230;<\/p>\n","protected":false},"author":1,"featured_media":558334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/66bafb10-62be-47da-8b91-15cf45e31fe6.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74860,74983,74868,117],"class_list":["post-558333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-cryptocurrency-exchange","tag-decentralization","tag-defi","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/558333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=558333"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/558333\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/558334"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=558333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=558333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=558333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}