The Tixl project is looking to reinvent how cross-chain liquidity and DeFi payments work by introducing fully interoperable Smart Contracts and dApps to its Autobahn network.
The German-based blockchain project has already made fantastic progress in developing the proof of concept consensus for its high speed, low-fee Autobahn Network. The platform is now focusing on creating an entirely new approach for smart contracts.
Tixl will soon integrate interoperable smart contracts and dApps that provide a second-layer solution to any connected platform, including BTC, ETH, DOT and BSC.
Crypto Twitter is excited about the game-changing progress Tixl is making in software development that will boost the entire crypto ecosystem’s cross-chain interoperability.
“Tixl went from taking the best qualities of cryptocurrencies and putting them into one coin to taking the best qualities of the whole crypto ecosystem and putting them into one platform,” one Twitter user commented.
The project has already introduced the Autobahn wallet, which uses the Autobahn software development kit (SDK) to facilitate instant and zero-fee transactions.
The wallet allows crypto enthusiasts to use regular BTC addresses within the Autobahn Network. Users can share these addresses with others on the BTC Mainnet, paying only the standard BTC transaction fees.
A Major Milestone for Tixl Network
The option for developers to build interoperable smart contracts and dApps for the Autobahn Network marks a significant milestone for the young blockchain project.
The decentralized code execution platform won’t be part of the Autobahn network but will be seamlessly connected via the SDK. This secondary chain dubbed the “Autobahn dApplication Network” ensures that dApps do not impact the Autobahn network’s performance.
Tixl’s secondary blockchain will incorporate its own validator set-up to run the code in a decentralized manner, finding consensus via the existing Proof of Stake algorithm. This selective approach of integrating new logic has been successfully deployed by the Chainlink oracle network; it allows for higher quality apps and enhances spam protection.
Tixl’s new development introduces an entirely new approach in writing smart contracts. The upcoming dApp will enable developers to implement a wide array of use-cases, including swap and exchange protocols, token lock & staking concepts, and blockchain-based games.
Integrating Support for Bitcoin & ERC20 Tokens
The Tixl dev team completed the decentralized integration of the Bitcoin network in Dec 2020. This feature allowes users to add tokenized BTC to the TIXL protocol and send it instantly to any location in the world.
The integration also brought the smart contract compatibility of Ethereum Virtual Machines to Bitcoin. Tixl is now looking to add support for ERC20 tokens in the coming weeks.
Testing has already begun for this next technical undertaking, which is set to transform the Autobahn network into an interoperable scaling solution for most leading cryptocurrencies.
The move by Tixl to accelerate the development of cross-chain bridges across various crypto platforms is a significant achievement for smart contract growth and DeFi as well.