Socket is a protocol that helps transfer data and assets between different blockchain networks. It's designed for developers to easily add cross-chain abilities to their apps.
Socket
Infrastructure
DeFi
Description
Here's how it works:
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Two Main Parts:
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Socket Liquidity Layer (SocketLL): This part helps move assets across chains. It combines all bridges and DEXs (Decentralized Exchanges) into one system. Users can choose the best route based on cost, speed, or security.
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Socket Data Layer (SocketDL): This enables secure data transfer between chains, allowing smart contracts to interact with each other.
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Efficient Asset Transfers: SocketLL makes moving assets between chains easy by using a smart routing system. It picks the best bridge based on user preferences.
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Bridging Options: It supports two types of bridging: single transaction and multi-transaction. Its backend engine and API create routes and data for bridging.
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Easy Swapping and Bridging: With SocketLL's smart contracts, users can swap and bridge tokens easily in one click.
In summary, Socket offers developers a flexible and efficient way to achieve interoperability, allowing them to tailor it for specific needs and goals.
Team of the Project
Vaibhav Chellani
Co-founder
Vaibhav Chellani is the co-founder and CEO of Socket.tech, a blockchain-focused company. He has a strong background in blockchain engineering, recognized by Gnosis, Zcash, and ConsenSys. Selected for Google's Summer of Code program, Vaibhav has over 2 years of blockchain experience, contributing to open-source projects and winning multiple national hackathons. As CEO of Socket.tech, he leads blockchain interoperability and asset transfer solutions, simplifying cross-chain app development.