What is Across Protocol (ACX)?
The ACX token, an ERC-20 token, governs Across Protocol and manages its DAO treasury, enabling decentralized ownership and control. Token holders participate in governance, engaging in ideation, discussion, proposals, voting, and execution.
Across is an interoperability protocol powered by intents. It is the leading crosschain intents protocol in enabling the fastest and lowest-cost way to transfer value with better security tradeoffs vs. traditional bridge designs. Most general interoperability discussion starts with the most fundamental challenge of token bridging. It is nearly impossible to send messages cheaply, quickly and securely. Every message-passing protocol today has unique trust assumptions, can only ever be as fast as the finality of chains it connects and has deep implementation complexity.
Across' thesis is that an intents-based design paradigm is the solution to the interoperability challenges developers and users face today. Intents introduce a third party, a relayer (alternatively named filler, or solver), that does the job of delivering assets / executing user transactions quickly.
An intent is a type of order where a user specifies an outcome instead of an execution path. In practice, intents manifest as a combination of a crosschain limit order and an action to execute, all encoded within a standardized order structure. Relayers compete on cost and speed to fill these orders, which can include onchain actions as well as assets. Relayers deliver very quickly, without any messages. From the user’s perspective, interoperability is solved. Their desired outcome is achieved.
Across is reportedly the largest intent-based bridge by volume, accounting for billions in monthly volume with partnerships with protocols such as Uniswap. Across has investments from leading entities such as Blockchain Capital, Hack VC, and Placeholder.
ACX is the native cryptocurrency that governs the Across Protocol. ACX serves three primary functions within the Across ecosystem: Governance, Staking and Revenue Potential.
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