Blockchain investor coinIX backs Beamer, a protocol to enable users to bridge tokens from one Ethereum rollup to another

Blockchain investor coinIX backs Beamer, a protocol to allow customers to bridge tokens from one Ethereum rollup to a different

Hamburg, November thirtieth, 2022 – The Hamburg based mostly funding firm coinIX GmbH & Co. KGaA, which focuses on investments in digital property and blockchain expertise, contributes to Beamer.

Beamer is a bridging resolution that’s targeted solely on the Layer 2 ecosystem of Ethereum, which permits it to supply a superior consumer expertise in comparison with conventional or native bridges.

Ethereum plans to beat the scaling drawback with out decreasing the extent of decentralization. To this finish, varied Layer 2 scaling options are being launched. Essentially the most promising ones to this point are so-called rollups, which carry out transactions in a separate community and solely present proofs on Ethereum Layer 1. The safety of transactions processed on this method doesn’t differ from transactions written individually to the Ethereum Blockchain. Nevertheless, there’s a fragmentation of liquidity and new challenges in bridging between rollups on this case. As such, present bridging options are often costly and in some instances require considerably extra time to course of the transactions. As well as, they repeatedly supply vulnerabilities for safety assaults. 

Beamer goals to unravel these challenges. By using a decentralized community of so-called brokers which offer liquidity and keep balances on a number of rollups, native tokens might be moved cheaply inside seconds. Beamer leverages an optimistic method the place attainable disputes are solved utilizing sport principle components and might be escalated to Ethereum Layer 1.

On October tenth 2022, Beamer was launched on Mainnet beginning with two rollups and one stablecoin. Subsequently, the sources allotted might be used to increase the variety of out there rollups, assist extra tokens and to broaden the community of brokers. As a part of their growth, Beamer will work with bridge aggregators and functions to turn out to be one of many main bridges throughout Ethereum rollups.

Beamer is a venture from brainbot applied sciences AG, a number one blockchain improvement studio within the Ethereum ecosystem. Their crew has contributed to the event of Ethereum since 2014 and goals to create the core constructing blocks that allow broad adoption of public blockchains. Aside from Beamer, brainbot labored on Raiden up to now and is at the moment additionally growing Shutter Community.

Jacob Czepluch, Venture Lead of Beamer: “Our mission is to create the best, quickest and most safe cross-rollup bridge of the Ethereum L2 ecosystem. To permit new and skilled customers to bridge as easily as attainable. And in the end enabling a seamless, must-have bridging characteristic for dApps and common web3 tasks working throughout rollups.” 

Karl Gero Wendeborn, CEO of coinIX: “At coinIX, we consider in a rollup-centric way forward for Ethereum to beat the Blockchain trilemma – attaining decentralization, safety and scalability on the similar time. Beamer contributes to that future by eradicating the frictions throughout rollups. We’ve got robust confidence within the crew, which has been engaged on Ethereum because the early days and has a big community inside the ecosystem.”

Press contact: Karl Gero Wendeborn, CEO, kgw@coinix.capital, +494035676758

Investor Relations: Felix Krekel, CFO, fk@coinix.capital, +494035676758

About coinIX

coinIX GmbH & Co KGaA, based mostly in Hamburg, is a listed funding firm and has been investing within the broad spectrum of blockchain innovation since 2017. This contains the subsequent stage of digitalization in conventional industries, in addition to new fields corresponding to Decentralized Finance (DeFi) or NFT/Metaverse tasks. For this goal, coinIX invests in fairness of startups, early token tasks and liquid cryptocurrencies. It provides a listed share that’s traded on the open market of the Düsseldorf Inventory Change (WKN: A2LQ1G | ISIN: DE000A2LQ1G5 | Ticker: XCX).