Buy Across Protocol (ACX)

Across Protocol (ACX) is an innovative cross-chain bridge ecosystem that takes blockchain interoperability to a new level. The protocol uses so-called "intents" to enable seamless and efficient transactions between multiple blockchains. This allows users to easily exchange value and data, regardless of the underlying networks. Across Protocol thus plays an important role in addressing fragmentation within the blockchain world.

One of the biggest advantages of Across Protocol is the connectivity between layer 1 (L1) and layer 2 (L2) blockchains. While many L2 networks are designed to serve only one blockchain, Across Protocol enables the connection of multiple networks. This allows users to benefit from the speed and low costs of L2s while simultaneously accessing the security of Ethereum.

In addition, Across Protocol focuses on cost efficiency. Compared to traditional L1 and L2 solutions, the protocol offers significantly cheaper transactions. This is achieved through the use of a central liquidity pool and a competitive relayer system. The latter ensures that the best transaction executors are promoted, which increases the overall efficiency of the system.

Another notable feature of Across Protocol is the "no-slippage" fee structure. Slippage, a common issue in DeFi, occurs when an order is executed at a different price than originally intended. Across Protocol eliminates this problem, which is particularly appealing to traders.

In addition to these benefits, the protocol offers direct withdrawals, meaning that users have quick access to their funds without waiting times. This makes the platform particularly attractive to DeFi users and developers who need flexibility and speed.

Finally, innovation plays a major role within Across Protocol. Introducing new token standards, such as ERC-7683, makes it possible to better manage intents and prevent fragmentation. These developments ensure that the protocol not only remains relevant but also is an important pioneer in the blockchain sector.

Who founded Across Protocol?

Across Protocol was developed by the team behind UMA (Universal Market Access), a well-known platform in the blockchain world. UMA has built a reputation as an innovator in decentralized finance (DeFi) technologies. The team consists of experienced blockchain developers, cryptographers, and financial experts. UMA has a broad network of partners and is led by founders with years of experience in blockchain technology.

Across Protocol offers various applications that are interesting for both end users and developers:

• Fast cross-chain transfers: Move assets quickly and securely between different blockchains without delays.
• Combining liquidity: Benefit from deep liquidity by connecting multiple networks, which is advantageous for DeFi traders.
• Developing powerful dApps: Thanks to intents, developers can build more efficient and effective decentralized applications.
• Cost-effective transactions: Take advantage of low costs due to the innovative no-slippage fee structure and central liquidity pool.
• Immediate access to funds: Enjoy direct withdrawals without long wait times, ideal for quick transactions in the DeFi sector.
• Secure interoperability: Rely on UMA’s Optimistic Oracle for secure verification of transactions across multiple networks.

Across Protocol uses various technologies to achieve seamless interoperability and efficient transactions. Intents are one of the most innovative components of Across Protocol. They allow users to initiate transactions across multiple blockchains from a single network. This is achieved by defining actions within the protocol instead of just linking blockchains. This approach makes transactions faster and more efficient. Additionally, using the ERC-7683 token standard helps prevent issues with relayers.

UMA's Optimistic Oracle

The Optimistic Oracle from UMA plays a crucial role in securing and validating transactions. The oracle operates on an optimistic model, assuming all transactions are correct until proven otherwise. This model enables quick verifications and increases the scalability of the protocol. If an error is detected, the system automatically corrects it through fraud proofs.

Relayers and bonded relayers

Relayers execute intents and play a key role in facilitating cross-chain transactions. They receive rewards based on their performance, and the best relayers are given priority. Bonded relayers have a specific task: to provide short-term loans to L1 users, which are repaid with funds from the liquidity pool.

Liquidity pools

Liquidity pools are at the core of Across Protocol. Users can place funds in these pools and receive rewards. Pools are cotinually replenished by transactions from L2 networks, providing a stable source of liquidity. This design makes it easier for new users to participate and contribute to the ecosystem.

Governance

The ACX token plays a central role in the governance of Across Protocol. Token holders can submit proposals and vote on platform improvements. This decentralized governance system ensures that users remain engaged and the protocol stays aligned with their needs.

The ACX token is the native utility and governance token of Across Protocol and plays a central role in the ecosystem. Users can use the token for various purposes, such as paying transaction fees, participating in liquidity pools, and voting on proposals within the protocol. This makes ACX an essential part of the operation and future of Across Protocol.

The maximum supply of ACX tokens is set at 1 billion, which means there is a limit to the number of tokens that can ever be in circulation. This helps create scarcity and contributes to the token's long-term value. ACX is an ERC-20 token, which means it is built on the Ethereum blockchain and is compatible with many wallets and exchanges.

A portion of the tokens is reserved for community incentives and rewards, while other portions are allocated to developers, strategic partners, and the long-term development of the protocol. This distribution ensures a balance between growth, innovation, and user participation, contributing to the sustainability of the ecosystem.

Across Protocol stands out thanks to several innovative features that make the project unique in the world of blockchain and crypto:

• Intent-based technology: Across Protocol uses intents, a technology that allows users to manage transactions across multiple blockchains from a single network, simplifying cross-chain interactions and increasing efficiency.
• No-slippage fee model: The protocol eliminates slippage during transactions, a common issue in DeFi. This saves users money and makes the platform attractive to traders.
• UMA’s Optimistic Oracle: Integration with UMA’s Optimistic Oracle ensures quick and secure transaction verification. This mechanism combines speed with reliability without compromising security.
• Bonded relayers: These unique relayers offer short-term loans to users, providing immediate access to liquidity. This improves the user experience and supports the stability of the protocol.
• Central liquidity pool: Instead of multiple pools, Across Protocol uses a single liquidity pool, contributing to capital efficiency. This makes it easier for users to participate and strengthens the stability of the ecosystem.

You can buy Across Protocol (ACX) at Bitvavo. Our platform is suitable for both new and experienced crypto traders in the Netherlands. To purchase ACX, simply follow these steps:

1. Create an account or log in to your existing Bitvavo account.
2. Add funds by making a deposit via the "Deposit" button.
3. Go to the Across Protocol (ACX) page.
4. Enter the desired amount in euros or specify how many ACX tokens you want to purchase, then click "Buy".

Do you want to store your ACX tokens securely? Bitvavo offers a reliable storage solution where the majority of funds are kept in offline cold storage. This method ensures maximum security against potential online threats. For additional security, you can activate two-factor authentication (2FA), which adds an extra layer of protection by requiring a unique code in addition to your password when logging in.

In addition, you can choose to store your ACX tokens in an external wallet. Both software and hardware wallets support ACX tokens. Keen to transfer your tokens to an external wallet? Always verify the wallet address in your Bitvavo account before making a transaction. After verification, you can easily and quickly transfer your tokens to secure external storage.