The current monetary system is fragmented. We live in a world of individual economies, each representing many people, and there is a lack of ability to move money between these systems. When we began our journey to introduce blockchain technology to the world, the goal was to create a way to equalize money for everyone across the globe. However, what ultimately occurred was a recreation of the traditional financial system, albeit digitalized with more complex technology. Instead of enabling people to move money between economies, we established entirely new networks, creating isolated systems that hinder the movement of money between them.

For example, if I reside in one country and wish to transfer money to another, the traditional banking system provides some mechanisms for this; however, they are not equally accessible to everyone. The same issue persists in the blockchain realm, where we often rely on custodians and centralized exchanges to facilitate transfers between networks. If I am using Ethereum and want to send money to someone using Solana, I am left without options unless I use a centralized or custodial service. This encapsulates the fundamental problem we are addressing.

We observe that this fragmented world is becoming increasingly common, and it is unlikely that a single network will dominate all others. Instead, we are transitioning into a future characterized by various networks, each with its own economies, applications, and dedicated user bases. To navigate this landscape, we require a streamlined mechanism that allows for the movement of money between networks, similar to the passport system in the traditional world. This brings us to our motto: any token to any token on any network. Now, let us introduce the Mynth protocol.