ChainSwift Payment System

ChainSwift is a global, secure, and omnichain interoperable payment system based on BTU, a Bitcoin-backed decentralized stablecoin, that can support billions of users.

ChainSwift Product Structure

User Interface (UI) and Application Layer

This layer provides the front-end interface for users to interact with the settlement system. It allows users to initiate transactions, view transaction history, and manage their accounts.

Order Management

This component handles the creation processing, and management of transaction orders. It ensures that orders are validated, authorized, and routed to the appropriate settlement channels.

Liquidity Management

The system maintains a pool of liquidity to facilitate the settlement of transactions. It may source liquidity from various sources, such as decentralized exchanges (DEXs) or lending pools.

Settlement Engine

This is the core component responsible for settling transactions. It utilizes smart contracts on the underlying blockchain to execute transactions, transfer funds, and update account balances.

Omni-chain Interoperability Layer

This layer enables communication and interaction between different blockchains. It bridges the gaps between blockchains, allowing for seamless cross- chain transactions.

Oracle Integration

The system integrates with oracles to provide reliable and tamper-proof price feeds for various assets. Oracles fetch real-world data and translate it into on-chain information.

Monitoring and Alerting

This component continuously monitors the system's health, performance, and security. It generates alerts and notifications in case of any anomalies or potential issues.