ETC WAS REPLAY ATTACKED ON COINBASE 1571

In the wake of the DAO hack, which had dire implications for the Ethereum blockchain, multiple exchanges acknowledged the existence of new alternative tokens, Ether Classic, based on the original Ethereum code. Exchanges accepted the new “ETC.” Ultimately, Coinbase worked towards the same. That decision turned out to be costly, as the exchange found itself in the middle of the war between Ethereum and its “Classic” rival.

The biggest news over the past two months in Ethereum, until the $120 million Bitfinex hack, has been the $56 hack of Ethereum incubator, the DAO, and the subsequent mobilization for a hard fork. As the Coinbase example details, the DAO hack had implications for the Bitcoin industry. The hard fork resulted in a split of the original Ethereum chain, and some blockchain participants relaunched the original chain, including the DAO hack.

The chain caught on. It’s been adopted by major crypto currency exchanges such as Poloniex and Shapeshift.io. It’s trading on Poloniex at between twice and four times the number of Ethereum which are trading hands. As the sixth largest crypto-currency suddenly, it’s not for certain whether the Ethereum Classic blockchain – which has a native token trading under ETC – is here to stay. But, so far, it’s made waves.

That includes a replay attack made possible by the hard fork and subsequent ETC chain. The two versions of Ethereum are based on the original code, they simply adopt different histories of transactions. That means that transactions can be broadcast on both chains. Coinbase users tried to withdraw ETH from Coinbase and cash out in ETC on another exchange. They would thus have double the tokens associated with essentially the same code but different transaction histories. Cryptography experts refer to the situation as “totally new” in cryptography.

Coinbase suffered from exactly this attack. In a Reddit AMA held this week, the Coinbase security divulged more information in the wake of a tweet made by Coinbase CEO Brian Armstrong to clear up confusion in the Bitcoin industry.

“[A]pprox $40k USD of ETC was replay attacked against us that we’ve since fully recovered for our customers,” Rob-coinbase wrote. “We assumed the smaller fork would quickly fade and we were wrong. After seeing ETC gain traction we worked through the weekend to split all future ETH moving through our systems. Withdraw based limits and our hot/cold separation protected us from a bigger attack.”

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Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds 2650

0 2023 01 14 в 14 44 50

Vaduz, Liechtenstein. January 13 2023. Decentralized Finance Innovator Mimo is launching “KUMA Protocol”: the first DeFi protocol issuing tokens backed by regulated NFTs, themselves backed by sovereign bonds. This launch comes as the FMA (Financial Market Authority Liechtenstein) has approved Mimo for providing blockchain-related services since January 2022.

KUMA tokens, built as a smart contract compatible with most blockchains, are designed to provide holders with a reliable source of passive income through the accrual of interest on their holdings.

KUMA Tokens are NFTs representing bonds that KUMA Generator (a decentralized product owned by KUMA DAO and governed by the MIMO tokenholders) can accept as a backing to issue KUMA Interest-Bearing Tokens, a form of synthetic stablecoins that automatically accrue interest. The balance of these tokens grows in users’ wallets without any action required, matching the interest rate paid by the bond backing them, minus commission. Apart from the interest, the tokens behave like regular stablecoins, allowing them to be integrated freely into the broader crypto ecosystem, like DeFi, GameFi, and NFTs platforms.

The launch of this protocol also has the potential to revolutionize the way bondholders receive interest. Traditional bonds typically pay out interest semi-annually, annually, or even when reaching maturation. However, because KUMA Interest-Bearing Tokens use smart contracts, interest can be paid out to holders regularly, every 4 hours by default, providing a more consistent income stream for investors while not involving any claim process.

In the background, Mimo Capital AG handles the bonds and offers simple redemption to the users. Moreover, a smart contract managed by the KUMA DAO provides infrastructure for its community to swap or roll the NFT bonds over, ensuring smooth operation when a bond reaches its maturity date or the issuing authority publishes an updated rate.

To date, a few other efforts of bond tokenization have started. However, Mimo has the advantage of being the first regulated in the European Economic Area (EEA), providing tokens allowing its users to earn interest while benefiting from the safety of their favorite custody solution and the peace of mind coming with a fully regulated product.

Furthermore, KUMA DAO’s approach naturally provides fractionalized access to the benefits of bonds, lowering the entry barrier to investment and opening the door to 24/7 settlement, trading, and global liquidity. Example applications include savings accounts, protocol treasuries, and individual wallets.

Following the tokenization of sovereign bonds, Mimo will leverage KUMA to provide other assets, such as corporate debt and funds.

So far, all of the Mimo partners, including Polygon, Fantom, Swissborg, SingularityDAO and Akt.io have indicated their intention to use KUMA.

“We are thrilled to offer our users a new way to earn passive income through tokenized bonds,” said Claude Eguienta, Founder and CEO of Mimo Capital. “With this innovative mechanism and backed by a diverse range of real-world assets, we believe that interest-bearing tokens are poised to become a leading tool in the Decentralized Finance space.”

To learn more about Mimo and the KUMA Protocol, visit https://mimo.capital & https://kuma.bond

About Mimo

Mimo is a leading blockchain company that built a multichain DeFi protocol providing a Decentralized & Multichain Euro Stablecoin and developing Blockchain Powered Financial Products. With a focus on user-friendliness and accessibility, Mimo is committed to bringing the benefits of decentralized finance to a broader audience, including business and retail investors.

MEDIA CONTACT:
Mimo Capital
Name: Yacine Farouk, CMO
Email: [email protected]
Website: www.mimo.capital
Country: Liechtenstein
City: Vaduz

The CONG Token is the New Crypto Hype 2468

The world is fast changing and becoming more decentralized as it gets more digital. Decentralized Autonomous Organizations (DAOs), blockchain, DeFi, web 3.0 and cryptocurrencies are all growing in popularity.

How to employ all of these new technologies in a way that benefits society is now the problem.

In terms of finance and investing, these new technologies offer a rare opportunity to provide outstanding private market investment opportunities to retail investors around the world. Until now, these opportunities could only be accessed by Venture Capital (VC) and Private Equity (PE) funds.

The Conglomerate Capital (TCC) is the unique web3, BEP20 blockchain-based investment and funding platform, governed by a DAO, from which disruptive startups as well as SME (Small and Medium Enterprises) businesses will raise capital, where investors will be able to access VC and PE outstanding opportunities through the CONG token.

Additionally, the TCC and CONG ecosystem is the first and only to develop governance and investing features to lead and safeguard investors through the adoption and use of new market features and to rely on the knowledge of top-tier VC and PE industry executives to influence how people allocate their capital.

“At TCC, we seek not merely to democratize investment options, but to streamline investment process for investors and fundraising for Companies,” says Diego Queirantes, Founder and responsible for deals structuring. “We are prepared to revolutionize the World of Investing,” he continued. “Investors are more than welcome to go along for the voyage to reshape the way people invest their capital.”

The creator of The Conglomerate Capital kept people in mind when developing the Company and its digital token, CONG. Yves Civolani, Founder & CEO and former private equity industry executive, came to the terrible realisation that because the average person lacks basic financial knowledge, they are compelled to spend their life’s work savings on substandard opportunities.

His parents have never had the opportunity to engage in VC and PE investments and earn lucrative returns as regular retail investors.

The TCC concept was born out of his desire to make these opportunities accessible to regular people by assembling a conglomerate of companies run by global minnows.

“Before beginning to work on the project’s development, a thorough examination of VC/PE, crowdfunding and crypto launchpads sectors was necessary,” said Yves. “We wanted to comprehend concerns and issues from the viewpoints of all participants: investors, business owners/companies, and platforms.”

Before founding the project, Yves worked for more than a decade for tier-1 global private equity funds. Therefore, throughout his career, he learned by doing what the problems are for startups and SMEs to raise capital from either equity or debt securities.

With all of this in mind, TCC seeks to solve these issues by decentralising the VC and PE infrastructures while also imposing a cycle of accountability and mutual interest alignment.

In order to give the CONG token value, based on the founding team’s experience in VC/PE/M&A environments, TCC intends to bring various industries features to the cryptocurrency world through the use of DeFi and blockchain, under a DAO governance structure. This is in line with the main attributes of the TCC & CONG ecosystem. Investors are encouraged to hold onto their tokens and use CONG as a form of asset storage.

To secure more investor consensus and a more democratic funding procedure, TCC offers many more advantages than the conventional paradigm, including zero-knowledge-proof authentication, decentralised data storage, trade agreements, and more.

The TCC white paper states that priority would be given to early investors when allocating investments. In return for CONG, the platform will receive USDT, BUSD and USDC. The only token in the whole ecosystem, CONG, will finance all businesses. Compared to other crypto launchpad platforms, that is an important difference as they all face alignment problems due to the fact that funded projects each launch their own tokens, competing against each other for investors’ capital allocation.

According to the roadmap, fiat and credit cards will also be accepted by TCC along the project development. While CONG cannot be traded in a DEX or CEX (Decentralized or Centralized Exchanges), its price will rise if a deal opportunity passes through the platform because, based on the DAO mechanism, holders will decide what the token price will be for each funding campaign. This will set a buy pressure on the token.

The CONG presale will begin on Jan. 16, 2023, at 9:00 am GMT with a token price of USDT 0.0025. The sale will occur directly from the project’s website. Therefore, it is the best time to invest and join the ecosystem. Based on the hype already generated when the project was announced, the second presale round, which will start as soon as the first fulfils, will have CONG token price increased by 20%.

The management team at TCC has extensive expertise in the investment industry as a whole, while the development team is made up of a group of blockchain and web developers, embracing the most potent and recent technical development in the cryptocurrency sector.

The TCC team has years of expertise in the sector and has raised more than USD 200 million using a variety of mechanisms, including debt, equity, and convertible debt. The team has also completed many M&A transactions in recent years. By assisting in the review of funding applications, all this experience will work for the ecosystem’s benefit. They are all in agreement and aligned with the investors as the team is compensated by CONG.

For more information on The Conglomerate Capital, check the links below.

Company Website: https://www.congcap.com
Telegram: https://t.me/congcap
Twitter: https://twitter.com/ConglomerateCap
LinkedIn: https://www.linkedin.com/company/the-conglomerate-capital

Web3: Crypto and NFTs are Not Dead – They’re Just Getting Started 2829

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It’s no secret that the cryptocurrency boom of the last few years has currently ground to a halt and there are many critical voices which are already trying to put the nail in the coffin of Bitcoin and other cryptocurrencies. However, we are here to let you know that cryptocurrencies and every other blockchain-based technology are here to stay, and they are all part of a bigger picture that you need to understand in order to future-proof your technology and your revenue model. This bigger picture is Web3.

What is Web3?

Web3 is quite simply the next step in the evolution of the internet. When the internet started with only a few web-pages, those were essentially mostly static pages with text and images, made only to transmit information; this was Web1, or the “read-only web”. Web2 was the next generation of the internet, based on interactivity, social-media, and all in all user generated content, catered for the user experience. The major drawback that emerged of Web2 was that this gave the power to hold data to big companies, massing the power and knowledge on the internet to only a few major companies, now commonly known as the FAANG (Facebook, Amazon, Apple, Netflix, Google). Web3 is the next meta of the internet, the new way of modeling interactions on the web in a decentralized manner, giving the power over their own data back to the users, without needing a middle man, such as a big company to do so.

Our company, Plavno, is one of the backbones at the origins of WEB3 and has worked with giants from all industries, such as Mercedes-Benz or BelVeb Bank to provide technology development solutions. The Web3 subject is somewhat of a hot potato, with many skeptics singing its demise before it has even become mainstream, but being an early adopter on revolutionary technology is never easy. What we can be sure of, is that innovators always have an upper hand in their vision for the future, which is why Plavno has always sought to implement future-proof technology and business models. This is why even the biggest market giants trusted us to thrust their solutions into the future, and why you shouldn’t sleep on Web3 and the opportunities it brings!

How does Web3 revolutionize the internet?

Web3 quite simply aims to revolutionize the internet by decentralizing the interactions between people and businesses on the internet. It all starts with blockchain, a decentralized safe model of sharing data on the internet. This data is now no longer hosted centrally on one server administered by a big company, but is now hosted and verifiable over a number of different sources, the users. This decentralized model means that, on the one hand, users no longer rely on big companies to host their data and, on the other hand, they gain control over their own data. This applies to a myriad of fields: instead of making fiat payments that go through banks, payment processors and administrators, you can now make instant cryptocurrency payments, verifiable on the blockchain and without the need to pay any middle men and companies. Instead of buying art and tickets from retailers that monopolize the market (such as the famous case of Ticketmaster), one can now go and buy new forms of digital art, such as NFTs (non-fungible tokens) directly from the artists, including tickets and virtual experiences, such as VR events and content. Instead of using storage from big companies like Google Drive or Microsoft OneDrive, you can use decentralized storage solutions that split your data over multiple sources so that if one fails, you always have the guarantee of many others. Web3 is all about giving power and control back to the users over their own data, their modes of payment, their content, and their creations.

How can you make money on Web3?

Making money has never been easier than on Web3. From a business perspective, entrepreneurs and even just individuals can start their own businesses, monetize their own skills and provide services using the Web 3 model. You can now create your own e-commerce business based on blockchain technology, eliminating the need to pay fees to a third-party company or to create your own website in which the commercial relationship is trust-based. There is no need to question the trust between the buyer and the seller if the contract is decentralized and carried out using immutable automated codes, such as smart contracts. You can then enhance your commerce business by adding NFTs, services driven by AI, safe identity management with customer authentication mechanisms that are  of unprecedented safety compared to Web2 standards. Even if you are not entrepreneurially-minded and want a more standard job, Web3 companies are currently the place to be; creating future-proof products with cutting-edge technology, a very liberal remote-based model and new benefits such as tokens, bonuses, a fast-tracked career progression, as opposed to the slow hierarchical tedium of large companies where you cannot personally make a difference. Finally, you can choose the path of creating your own cryptocurrency startup or marketplace, which is exactly what we help our clients do.

How to create your Web3 business or Web3-proof your company?

Plavno has unprecedented experience in creating Web3 IT solutions. On our last project, we helped our client save more than $400k in initial investments on the launch of a crypto-startup which reached more than 1 million onboarded users in the first year. How do we do this? The secret is in our dedicated software development team. Plavno has 14 years of experience in the field of dedicated software development. Our teams create Web3 software solutions from scratch, dedicated to each client’s needs. And it’s not only the technology that is future-proof, but also all the aspects of the business model: Plavno works on the basis of outstaffing and outsourcing projects, so that solutions can be created remotely and efficiently, taking full advantage of technical advancements in workflow solutions. We use the SAFe methodology to ensure that our work is always transparent and clear to the client, that their needs are met, and that ongoing support is provided after the finalization of the project. For us, a finished project is just the beginning!

With the emphasis on speed that today’s markets require, you would be tempted to go for out-of-the-box systems to implement your ideas. However, this quickly turns into an unsustainable solution. With a dedicated software team, you can make sure that your own solutions are implemented naturally, that you can create an ecosystem between your hardware and software, as well as sustaining the tokenized decentralized economy. By using ready-at-hand solutions, your project encounters problems such as the impossibility to turn your requirements into a final technical product, delays and additional costs in integrating third-party systems, and an overall unreliability in case your system suffers a breakdown or needs updates. By using our technicians, we can establish a long-term reliable software development partnership and make sure that your crypto marketplace is always functioning, updated with new features and most importantly, Web3 future-proof.

Join us now!

That’s the surefire way to get onto the next generation of the internet before all the skeptics and to make sure that when Web3 becomes mainstream, your business, and your ways of making revenue are already well-established and well ahead! Join us now and let us begin our Web3 journey!

Crypto gaming project Calvaria raises $2.5M in presale, announces IEO on BKEX 2912

The presale for the exciting play-to-earn project Calvaria: Duels of Eternity has now passed $2.5 million, with the RIA token now set for its initial exchange offering (IEO) on BKEX.

The news means there are now fewer than 30 million RIA tokens available, with the presale more than 80% sold out.

Duels of Eternity is bidding to bring traditional and casual gamers to the blockchain by offering a full free-to-play (F2P) version of the game that is available on mobile app stores and PC.

BKEX to hold RIA IEO

With the Calvaria presale now close to finishing, it has been confirmed that leading centralized exchange BKEX will hold its IEO.

The date for the IEO has not yet been confirmed, but BKEX, which has almost $500 million of daily trading volume and more than 1.5 million weekly visitors, will exclusively trade RIA for 24 hours before it is then listed on other exchanges.

A listing on Changelly Pro has also been confirmed, as has GotBit, while in a recent AMA, the Calvaria developers revealed that they are in talks with other exchanges.

What is Calvaria?

Calvaria is a new play-to-earn project aiming to attract casual and traditional gamers onto the blockchain.

Previous GameFi projects have attracted huge investment, with crypto investors seeing the huge potential for the future, but the player base did not follow even at its peak and has fallen rapidly during the 2022 bear market.

Calvaria is now trying to address that by developing a simple and replayable game that will appeal to traditional and casual gamers and is easy to pick up.

Flagship game Duels of Eternity is a battle-card strategy game that sees players stack their decks with nonfungible token (NFT) cards and assets and beat opponents in best-of-three matches to earn RIA tokens.

The game, which is set in the afterlife, sees players align with one of three factions and use their knowledge, skill and timely use of assets to win one-on-one matches.

Duels of Eternity has a number of quirks that separates it from rivals and will make it attractive to non-blockchain gamers.

The game is rendered in full 3D and available on mobile stores on Android, iOS and PC. Duels of Eternity also has a story mode that not only builds on the lore of the Calvaria universe but allows players to earn assets that can be used in other game modes.

Cards and assets are NFTs that are fully owned and tradeable by the player, who can also spend RIA or combine cards to upgrade them.

To ensure the long-term success of Duels of Eternity, the Calvaria developers will take a seasonal approach to the game, consistently releasing new assets and game modes to keep players coming back.

They will also develop an in-house esports team and invite large esports brands to compete in tournaments for big prizes.

Calvaria will also benefit from being built on super-fast and efficient layer-2 solution Polygon.

Duels of Eternity F2P version

As well as the main P2E version of the game, Calvaria will develop a near-identical, free-to-play version of Duels of Eternity.

All features and gameplay will be the same, but there will be no rewards and players will not own their assets. However, the game will exist as a way to entice non-blockchain gamers onto the P2E version by showing the full capability of the game.

The F2P version will have a visible tracker that will show players how much they could have earned, while there will also be gamified quests to teach new players about blockchain technology.

Calvaria team and tokenomics

Calvaria has been developed by a doxed team that has been Know Your Customer-verified by CoinSniper, while the RIA token smart contract has been audited by SolidProof.

There is a max supply of 1 billion RIA tokens, with 15% of those allocated to the presale, with the majority of the supply split between the staking (25%) and prize pools (20%).

Another 15% is for reserve and burn pools, and the rest is split between operations (8%), team and advisers (7%), the INO (6%) and exchange liquidity (4%).

Recently, a crypto wallet purchased more than 3 million RIA tokens in one transaction, spending nearly $100,000.

How to buy RIA tokens

Below is a brief guide on how to buy RIA tokens during the final stage of the Calvaria presale, before the IEO on BKEX.

  1. Download a crypto wallet, such as Trust Wallet or MetaMask.
  2. Acquire Ether or Tether — either on an exchange and then transfer back to your crypto wallet or buy directly on the Calvaria website with a credit or debit card via Changelly.
  3. Connect your wallet to the Calvaria website and select a relevant option.
  4. Exchange ETH or USDT for RIA tokens.
  5. Claim RIA tokens once the presale has ended.

Website: https://calvaria.io/

Vacuum Coin announces its expansion into the BNB Smart Chain 3256

Vacuum Coin (VC) announced its plans to expand its ecosystem to the BNB Smart Chain by releasing the BEP-20 version of its token.

Vacuum Coin is a reserve currency for an upcoming metaverse project called, “Metaverse Union,” which aims to connect all metaverses through its metaverse. The BEP-20 version of VC will be used as the utility token for its crypto services, such as chat-to-earn, play-to-earn, second-generation Crazy Rich Rabbit nonfungible tokens (NFTs), Vacuum Bot and Tina Launchpad.

Currently, the Vacuum project hosts weekly chat-to-earn events in its social media community, where more than 13,000 people participate to earn VC tokens by chatting. It can be obtained through the play of Crazy Rich Rabbit, a Web3 play-to-earn game in which the players can earn VC tokens just by playing the game.

Its most recent reveal, Project Henri, is an NFT avatar generation project required to enter the Metaverse Union. You have a taste of creating any avatar you like using the photos you have.

Vacuum is running its fairlaunch until 2 pm UTC on Jan. 2, 2023. The token will be listed right after the fair launch is over. Currently, it has filled up its softcap.

For more information, visit Vacuum Coin’s website or visit directly to Vacuum’s Pinksale Fairlaunch site at:

https://www.pinksale.finance/launchpad/0xf6C77C39B6637A6e2740BeCA7289BDA88e6a22a1?chain=BSC

Multichain is one year old 3208

Multichain has been a multi-chain industry pioneer and has devoted itself to delivering industry-leading cross-chain services to users since its inception. Anyswap started as a DEX protocol in July 2020. As cross-chain interoperability technologies improved, we realized that Anyswap could deliver more to its community by addressing the growing demand for protocols specializing in cross-chain interaction.

To solidify our commitment to delivering the community’s needs, we officially rebranded to Multichain on this day last year. Since then, we have been the leading driver of the cross-chain economy. With over $90 billion on TVL across 3000+ bridges, we are proud to reach this milestone and incredibly thankful to you for supporting us along the way. So, for our first anniversary as Multichain, let’s look back at what we accomplished in the past year and what lies ahead for us and the multi-chain industry.

A look back at Multichain

Q1 – Our numbers proliferated

The Multichain ecosystem expanded rapidly in Q1. We did a 700% increase in TVL and incorporated about 600 new bridges spanning 39 public blockchains. In addition, we perfected our bridges to improve their conversion logic and transaction time and upgraded our router contracts to improve the developer experience.

We also introduced two new services, an upgradedNFT router – enabled the cross-chain transfer of NFTs via anyCall, and Co-mint – Which addressed liquidity fragmentation in Defi by allowing multiple bridges to mint the same asset, like stablecoins pegged to a common underlying.

Q2 – We pioneered generic cross-chain messaging

Even when the crypto community was hawkish with the bear market in full swing, it didn’t stop us from innovating and growing. For example, Multichain serviced $83.3 billion in cross-chain bridge requests, which accounted for about 40% of the total third-parge market share.

Q2 also marked the official launch of one of our most revered projects – anyCall, an infrastructure of generic cross-chain communication. anyCall enabled seamless cross-chain composability of smart contracts. Curve finance was one of the first protocols to adopt anyCall. In addition, Multichain also launched the fastMPC testnet in Q2, which opened the Multichain MPC network for open participation, further decentralizing the network.

Q3 – We transcended into a DAO

By Q3, Multichain had grown to support about 2891 bridges serving 739,000+ active users. Together, the Multichain community accounted for 49% of all cross-chain activity in Defi. We further perfected the anyCall protocol to V7, which introduced a fallback function to support innovative Dapps. Q3 also witnessed the mainnet launch of the fastMPC network for the public. Then, Multichain also transcended into the MultiDAO, an open community of contributors who could participate in governance and steer the direction of the community towards growth.

Q4 – We made many optimizations

Q4 was all about optimization and focusing on the fine details. We continued being one of the leading cross-chain solutions in demand in Web3. We realized the demands of our valued users and optimized our bridge fee policy. We also lowered the bridge fees charged for mainstream tokens and networks.

What sets us apart

Competitive pricing and a robust ecosystem

Multichain charges one of the lowest cross-chain fees among leading interoperability protocols. Furthermore, the Multichain network is one of the fastest cross-chain protocols in the market, without any compromise in security.

Extensive non-Evm network

Many cross-chain interoperability protocols connect EVM-EVM blockchains, but few (if any) expand across a wide range of non-EVM environments like Multichain, which connects Bitcoin, Near, OnXRP, Aptos, Mintme mainnets, and working on Cardano, Stellar, Flow, Solana testnets already.

Industry trends to look out for in ’23

This year was the age of layer-2s; projects like Arbitrum and Optimism saw a surge in demand and innovation, which stems from the fact that the growing crypto adoption has rendered layer-1s very expensive for standalone transactions. This trend is likely to follow next year as well, and we might see Ethereum being used more as a settlement layer for other blockchains, where high throughput execution is achievable.

Another trend that took off this year was the rising popularity of appchains and blockchain sovereignty. Appchains are blockchains built for one specific use case. Sovereign blockchains build on ecosystem protocols like Cosmos and Polkadot, which take up base layer overheads and help steer innovations toward execution and application.

Regardless of appchains or layer-2s taking the forefront next year, the undeniable fact is that both these paths lead to more demand for cross-chain sharing of information and resources. Therefore, the coming years will require cross-chain protocols to be more flexible with adopting new blockchain environments and decentralized applications.

What will we work on for ’23

Multichain is dedicated to addressing the needs of the cross-chain industry and understands the technological shifts it needs to adopt to deliver them. Therefore, we have some exciting innovations for the cross-chain community for the following year.

Let us share one such innovation. We call it Omni-Blockchain Interaction (OBI). OBI is a blockchain-agnostic cross-chain communication solution stack that appchain developers can use as a base infrastructure to seamlessly build customized cross-chain connection channels without the hassle of implementing trust and verification mechanisms from scratch.

The OBI stack includes 

  • Dapp layer – It will house the cross-chain NFT/token bridges and routers.
  • Data layer – It comprises anyCall, which can communicate arbitrary information across blockchains.
  • The underlying trust layer – A decentralized protocol for cross-chain public trust mechanism, which verifies and authenticates data based on MPC and ZK technologies, the base infrastructure that third-party developers can build upon.

Multichain realizes the potential of novel technologies like zk-proofs in delivering scalable and secure performance. We believe that the concept of zero knowledge also has applications in the cross-chain economy. In ’23, we will work on zk-proofs-based routers, more information will soon follow.

Lastly, one of our primary initiatives for the coming year will be to collaborate with partners and other Web3 communities to educate the users in the industry about the benefits and potential of cross-chain communication.

Thank you for the support

Like any other decentralized project in Web3, Multichain’s success is credited to the continuous love and support we have received during difficult and good times. We thank the Multichain community for having confidence in us since our inception; it inspires us to deliver more in the times to come.