MAP Protocol and Conflux Collaborate for Blockchain Interoperability
It is reported that the full-chain infrastructure MAP Protocol has officially reached a strategic partnership with Conflux. MAP Protocol and Conflux will coope…
It is reported that the full-chain infrastructure MAP Protocol has officially reached a strategic partnership with Conflux. MAP Protocol and Conflux will cooperate in solving the blockchain interoperability, and promote the blockchain data flow and value exchange by using the cross-chain method of light client and ZK technology.
Full chain interoperability infrastructure MAP Protocol and Conflux reached strategic cooperation
Interpret the above information:
MAP Protocol has announced its strategic partnership with Conflux, a leading blockchain platform. The objective behind this partnership is to solve the blockchain interoperability issue and to promote the blockchain data flow and value exchange across different blockchain platforms.
Interoperability in blockchain technology refers to the ability of different blockchain networks to communicate with each other. Currently, there are many blockchain networks that work independently of each other. This lack of connection between different blockchain platforms poses a challenge for the adoption and growth of blockchain technology. Thus, there is a need for cross-chain technology that can enable the transfer of assets and information between different blockchain networks.
MAP Protocol has developed a full-chain infrastructure that aims to solve the interoperability problem. The protocol uses the cross-chain method of light client and zero-knowledge proof (ZK) technology to make cross-chain communication possible. The protocol is designed to allow different blockchain networks to exchange data and assets easily without having to go through a centralized exchange.
Conflux, on the other hand, is a high-performance blockchain platform designed explicitly for developing decentralized applications (dapps). The Conflux team has developed a permissionless consensus protocol that enables parallel block processing. This feature makes the Conflux platform capable of processing a large number of transactions simultaneously, thus making it highly scalable.
The partnership between MAP Protocol and Conflux is expected to result in a robust blockchain ecosystem that is highly interoperable and scalable. Both platforms will collaborate on research and development to create innovative solutions for the blockchain industry. The partnership will also provide developers with access to a wide range of tools and resources that they can use to build decentralized applications across different blockchain platforms.
In conclusion, the partnership between MAP Protocol and Conflux is a significant step towards solving the interoperability issue that has been a challenge for the blockchain industry. The collaboration will promote the flow of data and value exchange between different blockchain networks, thus creating a more connected blockchain ecosystem.
This article and pictures are from the Internet and do not represent SipPop's position. If you infringe, please contact us to delete:https://www.sippop.com/1858.htm
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
US SEC Chairman Gensler seeks to link the bankruptcy of Silicon Valley Bank and Signature Bank with cryptocurrency
According to reports, market news: US SEC Chairman Gensler seeks to link the bankruptcy of Silicon Valley Bank and Signature Bank with cryptocurrency.
US SEC Ch -
2023, Where are the Opportunities for METAVERSE: A Recap of the 2023 Hong Kong Web3 Carnival Sub Forum
On April 14th, it was announced that the 2023 Hong Kong Web3 Carnival Sub Forum titled \”2023, Where are the Opportunities for METAVERSE\”, which was officially n
-
The Rise of ChatGPT on Arbitrum and Its Impact on Twitter and Litecoin
7: 00-12:00 Keywords: ChatGPT, Arbitrum, Twitter, Litecoin
Summary of important updates during the afternoon on April 19th
In recent years, the world of digital -
Giant Whale Transfers 1000 WBTCs to Coin An
It is reported that according to PeckShield monitoring, the address of the giant whale at the beginning of 0x54dd is transferred to 1000 WBTCs to Coin An.
0x54d -
**Table of Contents**
According to reports, on April 5, 2023, according to the Beosin EagleEye security risk monitoring, warning, and blocking platform monitoring under the blockchai
-
NFT Friendses’ Future Plans
On February 22, the NFT series Friendses resumed their Twitter account and said that they had not abandoned the project, but deleted Twitter to \”suspend social…
-
Mysten Labs Buys FTX’s Equity Investment for $96.3 Million
According to court documents, the Sui development team Mysten Labs reached an agreement with the FTX bankruptcy estate on Wednesday to purchase FTX\’s equity inv
-
When will Ethereum drop (Ethereum price decline)
When will Ethereum drop? We know that currently there is a voice in the market s
-
Understanding the Federal Reserve Observation
According to reports, according to CME\’s \”Federal Reserve Observation\”, the probability of the Federal Reserve maintaining interest rates unchanged in May is 1.
-
#Digital RMB, Voyager, Gemini, OPNX: A Guide to the Future of Payments
7: 00-12:00 Keywords: Digital RMB, Voyager, Gemini, OPNX
Summary of important updates during the afternoon on April 22nd
As the world becomes more digitized, so