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Kima's Technology and Other Solutions
The global crypto market cap grew tenfold from January 1st, 2020, to January 1st, 2022 (from $196B to over $2T¹). This massive growth has caused a fragmentation of liquidity– as of March 2022, more than 15 different blockchains have native tokens with market caps above $5B²). Furthermore, it seems unlikely that the market will have a single “blockchain to rule them all”, as the different chains offer trade-offs between security models, speed, cost, functionality, and environmental costs that make different blockchains appealing for different users and applications.
Allowing users to move liquidity from one chain to another securely is a challenging and critical problem facing the continued growth of the blockchain space. Kima has been developed to provide this seamless, secure, and efficient cross-chain transaction. It is superior to the other interoperability and liquidity solutions available on the market today, including cross-chain bridges/token-wrapping and direct messaging. This section will share an overview of these solutions and their disadvantages.