one of Rangers Protocol's dreams is to become the bridge for blockchain assets' course and connect with different public chains. In this manner, computerized assets can operate flawlessly between Rangers Protocol and the public chain based on the concept of decentralization. For assets that pass through RP – whether they are public chain assets locked to Rangers Protocol or public chains – Rangers Protocol has devised a distributed signature-based consensus system and smart agreements deployed on open chains that acertain distributed signatures to ensure the safety of users' assets. The cross-chain architecture of Rangers Protocol is displayed in the accompanying scheme. Rangers Protocol Connector node is the essential generating node of the relay chain. Conversely, Rangers Protocol Engine node and Ethereum are the genuine bearers of cross-chain information.
Taking the NFT assets of the Ethereum ERC721 convention as an example, the Rangers Protocol implementation scheme is as per the following:
- Public chain assets to Rangers Protocol
• Locked exchanges that involve users sending NFT assets lock the Ethereum NFT assets to a specific agreement;
• The Ethereum public chain packs these exchanges into blocks;
• Rangers Connector node receives the public chain block through the P2P network and parses the public chain asset information. The relevant information will be formatted by the cross-affix convention to generate a cross-chain exchange if the asset information is correct;
• Rangers Connector nodes produce blocks as indicated by the relay chain's PoW consensus and pack cross-chain exchanges when the squares are created; Rangers Engine nodes receive the relay chain hinders and verify them as per the relay chain's PoW consensus algorithm;
• After the verification is complete and correct, Ethereum assets are stored in Rangers Protocol. The process of public chain assets transferring to Rangers Protocol is completed.
- Rangers Protocol assets to the public chain
• The user presents an application exchange to Rangers Engine for the NFT to be listed on Ethereum. The exchange contains the NFT to be added to the blockchain and the corresponding blockchain address;
• After the Rangers Engine node verifies the user's NFT assets, it will be locked. At the same time, package the exchange into blocks;
• Rangers Connector node receives the square data from Rangers Engine. After checking the square, it extracts all exchanges in the square. In case there is a cross-chain exchange, the corresponding information is parsed, and a cross-chain exchange is generated;
• Rangers Connector nodes produce blocks as per the relay chain's PoW consensus and pack cross-chain exchanges when the squares are created;
• Rangers Connector node calls the agreement through the Ethereum SDK;
• After the Ethereum contract verifies a distributed signature, it writes the user's NFT information into the agreement. The process of transferring Rangers Protocol NFT assets to the public chain is completed.
Ease of Use
While compatible with EVM, Rangers Protocol has created new smart agreement keywords for operations like cross-chain and NFT conventions. As a result, developers who use these keywords in smart agreements can enjoy the unique composability and operability brought by Rangers Protocol.
Parameter Modification
The greater part of the system's operations, (for example, yearly interest rate and the proposition nodes' square generation time) are specified based on the operational experience of numerous blockchain projects and their characteristics. However, with the system operation, the local area and applications are continually evolving. These parameters are at this point not suitable for the new environment of the time. The Foundation can initiate a proposition to alter the system parameters. The people group decides whether the parameter will be at last modified by casting a ballot.
For more information
WEBSITE: https://rangersprotocol.com/
WHITEPAPER: https://www.rangersprotocol.com/pdf/RangersProtocolWhitepaper.pdf
FACEBOOK: https://www.facebook.com/Rangers.Protocol
TWITTER: https://twitter.com/rangersprotocol
TELEGRAM: https://t.me/RangersProtocolAnnouncement
Discord : https://discord.com/invite/2VtwvqDKUF
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