Explore the promise and challenges of BTC DeFi (BTCfi), from new yield opportunities to the hurdles of interoperability and user experience.
Browsing: Interoperability
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“During today’s live demo, our community proved the massive efficiency of Sovereign Chains by processing over 75,000 transactions per second,” said MultiversX Labs Co-founder, Beniamin Mincu.
“By leveraging evmOS technology, we can offer developers unparalleled flexibility and customization options, enabling them to build innovative cross-chain applications that tap into the vast potential of the XRPL and the broader Interchain ecosystem,” states Jasmine Cooper, Head of DeFi Product at Ripple.
“Interoperability is a foundational piece to Web3’s mass adoption because it optimizes the UX for everyone from dApp developers to end users,” states Elaine Song, VP Strategy at The HBAR Foundation.
Account abstraction is particularly transformative in the Web3 space, addressing current usability challenges with Web3 wallets and enabling a more accessible, user-friendly experience for interacting with decentralized applications (dApps).
Movement Labs and Aptos are collaborating to integrate EVM and non-EVM blockchains to enable seamless interactions between different blockchain platforms, enhancing the ecosystem’s connectivity and efficiency.
Aptos Foundation, LayerZero, and Stargate have hinted at further improvements aimed at simplifying bridging to Aptos.
The project aims to enable users to manage their assets and data seamlessly across various blockchains from a single platform.