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  1. PROTOCOL CONCEPTS

NEAR Chain Signatures

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Last updated 3 days ago

​NEAR Chain Signatures enable NEAR accounts, including smart contracts, to sign and execute transactions across blockchain protocols. The underlying MPC Protocol also gives access to 'read' from other blockchains into the NEAR Protocol. This allows MoreMarkets to run smart-contract logic for chains that do not have smart-contract capabilities, such as BTC, LTC, DOGE, and XRP.

Using Chain Signatures, MoreMarkets can enforce actions such as withdrawal, slashing, liquidations, and rebalancing (critical settlement transactions) on assets deposited from these chains.