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Mycel

Mycel is a Layer 1 blockchain for decentralized, cross-chain asset exchange. Its stack uses the Ownership Transfer Protocol and HyphaBFT consensus to enable native-token swaps through account-ownership transfers.

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Description

Mycel develops a blockchain infrastructure for trustless cross-chain asset transfers and swaps. Its Mycel Stack comprises Potcat, a cross-chain swap application; the Ownership Transfer Protocol (OTP), which transfers ownership rights to exchange assets; and HyphaBFT, a CometBFT-based consensus layer with threshold signatures. The project aims to unify liquidity across blockchains while avoiding wrapped-token custody on Mycel.