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Nomad

Nomad

Nomad is a cross-chain protocol

Nomad is a new design for radically cheaper cross-chain communication without header verification. We expect operating Nomad to cut 90% of gas costs compared to a traditional header relay. To accomplish this, we took inspiration from optimistic systems (a la Optimistic Roll-ups). Nomad features many of the features we prize in an optimistic mechanism, like public verification, low gas fees, broad participation, but has a slightly different security model.

Nomad will form the base layer of a cross-chain communication network that provides fast, cheap communication for all smart contract chains and rollups. It relies only on widely-available cryptographic primitives (unlike header relays), has a latency of thirty minutes (rather than an ORU’s one week latency), and imposes only about 120,000 gas overhead on message senders.

Timeline

April 12, 2022
Nomad raises a $22,000,000 seed round from 1kx, A&T Capital, Amber Group, Archetype Ventures, Breyer Capital, Circle, Continue Capital, Ethereal Ventures, Figment, Hack VC, Hypersphere Ventures, Lattice Capital, LedgerPrime, Polychain Capital and Robot Ventures.

Funding rounds

Patents

Further reading

Title
Author
Link
Type
Date

Bridging with Nomad | Nomad

Web

Nomad Raises $22M Seed Round for Security-first Interoperability

Nomad

Web

April 12, 2022

The Nomad Design Philosophy - Nomad - Medium

Nomad

Web

February 7, 2022

Documentaries, videos and podcasts

Title
Date
Link

The Past & Future of Bridging with Special Guest, Nomad

January 31, 2022

References

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