The Chenilles Network is our next-generation State Channel network, that enables contracts as well as payments across blockchains and currencies.
Like the Bitcoin Lightning Network and other existing State Channel networks, Chenilles is (a) scalable, thus fast and cheap, (b) self-custodial, thus safe from third-party risk, and (c) capable of transferring value along paths in the Network.
Unlike these first-generation State Channel networks, (d) Chenilles is programmable, and allows contracts as well as payments; (e) these contracts in turn enable swaps or futures between tokens; (f) Chenilles can work across blockchains.
Chenilles therefore supports non-custodial transfers from any currency to any other currency, across blockchains.
Chenilles is the future of Decentralized Commerce, a decentralized alternative to much of the banking and payment settlement industry.
We at MuKn have already started building Chenilles on Ethereum, for use as a payment system for decentralized utilities, and are now developing its full version across blockchains.