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In the current blockchain landscape dominated by Ethereum and the coordination across multiple chains, the DeFi and NFT ecosystems have grown rapidly in their respective environments. Cross-chain technology has built a bridge for the blockchain ecosystem and enabled users to achieve more free flow of assets. However, at the same time, it has also introduced some issues: some leading applications have attracted an enormous amount of user traffic and assets have become over-centralized; a few key personnel control hundreds of millions of dollars worth of ownership and contracts; smart contract risks are prone to theft by hackers; user assets can be tracked; and there is a lack of external oversight.
To address these issues, IZAR aims to achieve arbitrary message multisg cross-chain transactions and solve key problems around asset security, privacy protection, and decentralization. IZAR consists of three main layers:
- 1.Core Layer: Ensures storage, consensus, and information transmission.
- 2.Lock Layer: Supports the locking of various layer 1 and layer 2 blockchain assets.
- 3.Wrapper Layer: Wraps assets and facilitates settlements.
The three layers work together to provide applications with a comprehensive cross-chain privacy architecture, initially focusing on the Ethereum Virtual Machine (EVM) market.
IZAR's future is to serve and support more applications that require cross-chain privacy solutions.