In line with its vision of an interoperable future, the cryptocurrency bridge Multichain has presented the white paper of an innovation called anyCall. This innovation is intended to push back the limits of information transfer between the different blockchains of the ecosystem.
Multichain presents its anyCall technology
Last week, the Multichain protocol (MULTI) unveiled the white paper of its anyCall technology. The latter should allow communication between blockchains at a level much higher than what is currently done.
In its presentation, Multichain goes back over the history of our ecosystem, with Bitcoin (BTC) at the origin, which only allowed the exchange of value from peer to peer. Then came the programmable ecosystems, with Ethereum (ETH) as the figurehead, and then the emergence of new smart contract blockchains, sometimes competing, sometimes complementary.
In order to allow interactions between the different networks, it was necessary to develop bridges such as Multichain, formerly known as Anyswap.
The problem raised by the protocol is that if an application wishes to develop on several blockchains, it must clone itself. This process has the disadvantage of dividing the liquidity by creating new versions of an application for each target network.
This is not really multi-chain development, but a splitting of efficiency across several closed environments. But the promise of anyCall is precisely to break down these walls.
To give a simple explanation: anyCall from Multichain allows you to call on information contained on a blockchain A, while being on a blockchain B.
For example, the Curve protocol uses anyCall to unify the rewards it distributes in CRV via its “gauge” system. In short, this system makes it possible, thanks to a voting principle, to redirect the distribution of CRVs to one pool of liquidity rather than another. Thus, the teams of a project whose token is present on Curve will seek to have as many votes as possible in their gauge in order to receive the most CRVs possible.
The same gauge can therefore be present on several networks, take for example Ethereum, Fantom (FTM) and Polygon (MATIC). Without anyCall, there would be a disparity between the blockchains, as the votes in the gauges cannot be uniform across the three networks at the same time. Well in this case, anyCall is able to harvest all the data across all the ecosystems at the same time, allowing for a fair distribution of CRVs to investors.
To provide this, anyCall relies on an off-chain network called fastMPC. To simplify the explanation, the latter can be seen as a kind of enhanced oracle, having an overview of all applications connected to anyCall, regardless of the blockchain.
In the future, fastMPC Network should be deployed on a blockchain and be fully open to decentralization.
According to its white paper, anyCall could therefore go even further than Polkadot’s DOT or Cosmos’ ATOM. Indeed, any application connected to anyCall could, a priori, communicate with the others, which pushes the boundaries of interconnection a little further.