CGCX’s iChain provides one of the largest blockchain-based operating systems and offers public blockchain support of high throughput, high scalability, and high availability for all Decentralized Applications (DApps) on the CGCX iChain ecosystem.
Calfin Global Crypto Exchange CGCX has launched a new Layer 2 scaling platform iChain.
CGCX is a wholly-owned subsidiary of Majic Wheels, Corp. that is positioning itself as a player in the blockchain space by acquisitions.
Primitive blockchain platforms like Ethereum and Bitcoin do have scaling problems. This is a fundamental problem of blockchain. So more thinking about adding another layer on permissionless blockchain, that’s what we call layer 2 solutions.
Layer 2 solutions to scaling establish an additional protocol that is built on top of blockchains like those of Ethereum and Bitcoin. Layer 2 scaling solutions increase throughput without tampering with any of the original decentralization or security characteristics that are integral to the original blockchain.
CGCX’s iChain is an ambitious Layer 2 scaling project dedicated to the establishment of a truly decentralized infrastructure. It provides one of the largest blockchain-based operating systems and offers public blockchain support of high throughput, high scalability, and high availability for all Decentralized Applications (DApps) on the CGCX iChain ecosystem.
iChain is designed to be a complete platform for launching interoperable blockchains and offers significant transparency, security, scalability, performance, and low/no gas fees.
“The CGCX iChain is a protocol designed to help scale key Decentralized Applications (DApps) by handling transactions off the Ethereum mainnet, while taking advantage of the robust decentralized security model of the mainnet, by anchoring transaction hashes to the mainnet, which ensures that the immutability of the blockchain is maintained, the company stated.