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YOYOW Foundation Completed Development and Testing of the HTLC Inter-blockchain Protocol on YOYOW 3.0 Testnet
The development work of YOYOW 3.0 is proceeding in an orderly manner. The YOYOW 3.0 Alpha version testnet has been running stably for more than 6 months so far, and various features are working normally. In addition to the underlying core development work of YOYOW 3.0, the YOYOW Foundation also develops other peripheral projects as described in the development roadmap, and the inter-blockchain protocol is one of them.
HTLC (Hashed Timelock Contracts) is one of the methods to achieve atomic swaps through the combination of multi-signature, hash function lock and time lock technologies. Atomic Swaps ensures the reliability and security of token exchanges and transactions between two blockchains with different architectures. The counterparties of the transaction do not need to trust each other, which eliminates the counterparty risk of both parties.
YOYOW 3.0 has a built-in YOYOW VM virtual machine. YOYOW VM supports C++ smart contract execution on WASM runtime. The smart contract feature gives the YOYOW blockchain the ability to be programmable, which makes the YOYOW blockchain easier to implement functional expansion, and it is conducive to community participants’ building projects on the YOYOW blockchain.
The YOYOW HTLC inter-blockchain protocol is a project based on C++ smart contract development, which has been developed and tested. Interoperability between YOYOW smart content tokens and YOYO tokens and other blockchain project tokens can be realized through HTLC inter-blockchain technology.
The YOYOW HTLC inter-blockchain protocol realizes the features of transferring, locking, refunding, creating transactions and closing transactions, and can exchange and transfer inter-blockchain tokens with any blockchain project that supports HTLC features. Currently, the YOYOW HTLC inter-blockchain protocol is available for download. The Github address of YOYOW HTLC inter-blockchain protocol: https://github.com/yoyow-org/YOYOW.HTLC
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