I’m addressing my review of the Interoperability aspect of Layer One X
During my short one-on-one time with the CEO he of course told me they have solved the interoperability problem without bridges and said they are “burning bridges”.
We were to see a live demo of this, but we did not.
Anyway, I told the CEO I would look at the documentation before passing any judgment, which is what I did tonight.
So unlike my many fellow analysts, I will give them a 3-star rating on the interoperability aspect of their project.
Why 3 stars?
Well, in my opinion, they seem to tackle it much like others do where they control both sides of the bridge with smart contracts or liquidity pools. You can see in the picture below the workflow, and they use pools on both sides of the bridge to move the assets. It is a smart flow, and kind of reminds me of Cosmos in a sense, but not something groundbreaking or innovative, just a bridge with a different name. Show Less
