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Narada

  • Functions as the event hub, monitoring and transforming blockchain events for compatibility with the Hermes Layer.
  • Supported Chains: Arweave, Bitcoin, Binance, Cosmos, Ethereum, Solana, Polkadot.

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Components

  1. Chain Clients
    • Listen for events on respective blockchains and relay transactions to the Hermes Layer.
  2. Observer
    • Transforms observed events into Hermes-compatible messages.
  3. Signer
    • Signs transactions for the destination chain based on the Hermes Layer’s instructions.

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Threshold Signature Scheme (TSS)

  • Ensures security and decentralization of liquidity through Fortunas vaults.
  • Supported Signature Algorithms:
    • ECDSA: Ethereum, Binance, Cosmos.
    • RSA: Arweave.
    • ed25519: Solana, Polkadot.

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Fortunas

  • Manages the liquidity of tokens within the Hermes Layer.
  • Validators sign transactions to release liquidity, requiring a ⅔ consensus for token swaps.

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Sors

  • Designed for faster processing of small token swap amounts.
  • Assigns 25% of supported tokens to validators based on their staked amounts for quick transactions.