MAP Protocol (MAP)

Cross-Chain Interoperability

MAP Protocol enables seamless peer-to-peer transfer of assets, especially BRC-20 tokens, between the Bitcoin network and other blockchains. This allows different cryptocurrencies and blockchain ecosystems to connect and trade more easily, improving liquidity and usability.

Bitcoin Layer-2 Solution

It acts as a Bitcoin Layer-2 network that enhances Bitcoin by reducing transaction costs and confirmation times. It also brings new features like smart contracts and decentralized applications (dApps) to Bitcoin, expanding its functionality beyond simple transfers.

Omnichain Infrastructure for Web3

MAP Protocol provides an omnichain network infrastructure that supports both EVM and non-EVM blockchains. Developers can build cross-chain dApps where users have full control over their assets and data, enabling a truly interoperable Web3 experience.

Developer Tools and Ecosystem

It offers SDKs, APIs, and omnichain services (MOS) to help developers easily create and deploy cross-chain applications with instant confirmation and low costs, fostering a growing ecosystem of interoperable blockchain apps.

Peer-to-Peer and Trustless

Built on light-client and zero-knowledge proof technology, MAP Protocol ensures all cross-chain transactions are peer-to-peer without relying on any trusted third party, maintaining decentralization and user ownership.

In short, MAP Protocol is designed to connect Bitcoin and other blockchains in a decentralized way, making it easier and cheaper to move assets and build cross-chain applications.

Pros

• Cross-chain interoperability: MAP Protocol enables seamless transfer of assets, data, and smart contracts across different blockchains, including Bitcoin and Ethereum ecosystems.
• Peer-to-peer and trustless: It operates without relying on any third-party or centralized entity, trusting only the code and cryptographic proofs.
• Built on Bitcoin layer-2: Enhances Bitcoin’s ecosystem by allowing BRC-20 tokens and other assets to interact with multiple blockchains.
• Supports dApps development: Developers can build cross-chain decentralized applications easily, covering multiple Bitcoin Layer 2s and other chains.
• Decentralized and secure: Uses light clients, zero-knowledge proofs, and Byzantine Fault Tolerant consensus to maintain security and decentralization.
• Low fees and scalability: Designed to reduce gas fees and avoid bottlenecks common in other interoperability solutions.
• EVM compatible: Supports Ethereum Virtual Machine, making it easier for developers familiar with Ethereum to build on MAP Protocol.

Cons

• Relatively new and evolving: As a newer layer-2 solution, it may still be developing features and gaining adoption.
• Market performance: The token price has shown volatility and underperformance compared to some other crypto projects recently.
• Complex technology: The use of advanced tech like zero-knowledge proofs and light clients may require developers to have specialized knowledge.
• Competition: Faces competition from other interoperability projects that may have larger ecosystems or more established user bases.

For more details, visit MAP Protocol official website.

Founders

MAP Protocol was founded in 2018. Specific individual founders' names are not publicly detailed in the available sources. The project is known as a Bitcoin layer-2 solution focused on peer-to-peer cross-chain interoperability.

Additional Info

MAP Protocol operates as a decentralized network enabling cross-chain asset transfers and development tools for blockchain applications. It leverages Bitcoin's security and zero-knowledge technology to achieve interoperability.

For more details, you can visit their official website: mapprotocol.io

Strategic Investors

MAP Protocol has received strategic investment from Waterdrip Capital, a notable backer supporting its development and growth.

Token Distribution to Investors

About 22% of MAP Protocol's token supply is allocated to investors and early supporters, reflecting their stake in the project’s ecosystem.

Partnerships and Support

MAP Protocol has formed strategic partnerships with projects like Harmony and Conflux, which also contribute to its investor and ecosystem network.

For more details, visit the official MAP Protocol website: https://www.mapprotocol.io/

Halal Status of MAP Protocol

• Yes
  MAP Protocol is a blockchain infrastructure focused on peer-to-peer and cross-chain interoperability without involving interest (riba) or gambling (maysir) elements. It operates as a technology platform rather than a financial product with prohibited features, which generally aligns with halal principles. However, final halal certification depends on individual interpretation and specific use cases.