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Router Protocol

ROUTE
$1.67
+12.72% (24h)

Market Stats

Price
$1.67
+12.72% (24h)
Market Cap
$28M
Volume (24h)
-
Supply
16.79M ROUTE
FDV
-

Shariah Analysis

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Last Screening: Q1 2024

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About Router Protocol

Router Protocol is a layer 1 blockchain built on the Cosmos SDK with a focus on interoperability. It utilizes tendermint’s Byzantine Fault Tolerant consensus engine and incorporates features such as CosmWasm and Ethermint for smart contract functionality. Notably, Router supports a trustless network of relayers, enabling secure and decentralized interaction between contracts on different chains. With a decentralized trust-based approach, Router V2 introduces middleware contracts for custom business logic in the bridging layer. It serves as a data aggregation layer, allowing developers to implement custom security measures and choose between stateful and stateless infrastructure for cross-chain applications. Router Protocol also includes an inbuilt asset-swapping engine and offers a unique cross-chain meta-transaction capability in its V2 release.

Consensus Mechanism

Proof of Stake