Router Protocol (ROUTE)

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Cross-Chain Liquidity Aggregation

Router Protocol helps developers combine liquidity from different blockchains (Layer 1 chains) so users can access more assets and trading options across multiple networks.

Chain Abstraction

It provides a platform that simplifies interaction with various blockchains by abstracting their differences, making it easier for developers to build cross-chain applications.

Cross-Chain Interoperability

Router Protocol enables seamless communication and asset transfers between different blockchain networks, improving user experience and expanding use cases.

Developer Tools

It offers tools like CCIF (Cross-Chain Interoperability Framework) and Nitro to help developers manage contracts and build cross-chain solutions efficiently.

In short, Router Protocol is mainly used to connect different blockchains, allowing liquidity and data to move smoothly across them.

Pros of Router Protocol

• Enables cross-chain liquidity and interoperability by connecting different blockchains.
• Supports chain abstraction, making it easier for developers to build multi-chain applications.
• Aggregates liquidity and users across Layer 1 chains, enhancing access and usability.
• Provides tools like CCIF and Nitro to improve transaction efficiency and speed.
• Helps reduce fragmentation in the crypto ecosystem by linking various networks.

Cons of Router Protocol

• As a relatively new and specialized protocol, it may have limited adoption compared to more established projects.
• Complexity in understanding and integrating cross-chain features might require developer expertise.
• Dependent on the performance and security of underlying blockchains it connects.
• Potentially subject to network congestion or delays on connected chains, affecting overall speed.

For more details, visit the official website: routerprotocol.com

Founders

Router Protocol was founded by Ramani Ramachandran, Shubham Singh, Chandan Choudhury, and Priyeshu Garg.

About the Founders

• Ramani Ramachandran is the CEO and co-founder, known for his work in blockchain interoperability.
• Shubham Singh and Chandan Choudhury are co-founders involved in building the cross-chain infrastructure.
• Priyeshu Garg is also a co-founder contributing to the project’s development.

The company started in 2020 and is based in Singapore.

Institutional Investors

Router Protocol has raised funds from major institutional investors including Coinbase Ventures, Woodstock Fund, QCP Capital, Alameda Research, De-Fi Capital, Polygon, Wintermute, Shima Capital, TeraSurge Capital, Maple Block, and Bison Fund.

Angel Investors

Notable angel investors include Polygon co-founder Sandeep Nailwal, DoorDash’s Gokul Rajaram, and Aave’s Ajit Tripathi.

Other Supporters

Router Protocol has also received grants from Terraform Labs (Terra) and the Algorand Foundation, and has backing from various Web 2.0 and Web 3.0 executives and entrepreneurs.

These investors have supported Router Protocol through multiple funding rounds, helping it grow its cross-chain infrastructure and ecosystem.

Halal Status of Router Protocol

• Yes, Router Protocol can be considered halal.
• It is a blockchain project focused on interoperability and cross-chain solutions without involving impermissible activities like interest (riba) or unethical business models.
• Like many blockchain protocols, its halal status depends on the project’s use case and compliance with Islamic finance principles.

For a definitive ruling, consulting a qualified Islamic scholar or halal crypto advisory service is recommended.