COMIT Network is a cross-blockchain interoperability platform that allows cross-chain instant transactions. It works seamlessly on Bitcoin, Ethereum and others. COMIT is acronym for Cryptographically-secure Off-chain Multi-asset Instant Transaction network. The COMIT network has built-in double-spend protection, payment channels for multi-signature transactions, time-locks that allow funds to be locked until a future date, and hash functions that are able to route across multiple blockchains in the smart contracting languages of each blockchain.
Dr. Julian Hosp, Toby Hoenisch, Paul Kittiwongsunthorn