🗝️Key Concepts

Overview

eesee is a platform that allows users to seamlessly transfer and manage digital assets, like NFTs, tokens and tokenized RWAs across different blockchain networks. Our goal is to make your experience seamless by simplifying cross-chain interactions and making them more efficient, saving you time and transaction costs (gas).

Cross chain Technology

Blockchain networks are like digital countries with unique rules. Cross-chain technology, such as EeseeAssetHub and Spokes, allows assets such as NFTs and tokens to be transferred between them, Similar to international mail. These transfers take around 10 minutes, but EeseeExpress shortens this to 3, showcasing the eesee technology’s proficiency in moving assets securely and swiftly across diverse blockchain landscapes.

We've also embraced cross-chain technology because it significantly cuts down the gas fees you usually pay on the Ethereum network. Here's how it works in a nutshell:

1. Start with Your Assets: You have some assets (like digital tokens) that you start with on the Ethereum network. You put these into a special place (EseeAssetHub) that we manage.

2. Move to Blast: We take these assets and do two things: we wrap them (think of it as putting them in a digital envelope) and send them over to another network called Blast.

3. Use Your Assets on Blast: Once your assets are on Blast, they change into a special form called ERC1155 tokens. You can use these tokens in different ways, like joining in games or activities that can help your assets grow.

EeseeAssetHub & EeseeAssetSpoke

Think of EeseeAssetHub as a central airport in one country (Blast network) and EeseeAssetSpokes as local airports in other countries (other blockchain networks).

This setup lets you send assets from one blockchain to another quickly and securely.

Wrapping & Unwrapping Assets

Wrapping

The technical process of converting an asset from one blockchain to a standardized token format, specifically ERC1155, for compatibility on another blockchain. This conversion can be equated to packaging a product in a universally accepted container for international shipping, ensuring that the asset can be recognized and interacted with on the destination blockchain.

Unwrapping

Reverses this conversion, transforming the ERC1155 token back into its original asset form once it returns to its originating blockchain. This step is comparable to unpacking the shipped product, restoring it to its original state for use within its home environment.

EeseeExpress for Faster Transfers

EeseeExpress is a fast-track service that allows quicker transfers of ERC20 tokens across blockchains, reducing the waiting time significantly.

• Squid Router (by Axelar) connects blockchain ecosystems, allowing for quick and reliable transfers of tokens and cross-chain smart contract interactions, streamlining the process for users.