Blockchain
RocketX Integrates with XDC Network, Boosting Ethereum Scalability and DeFi Interoperability
Dubai, United Arab Emirates–(Newsfile Corp. – April 10, 2023) – Recently, RocketX has integrated XDC Network, the ethereum’s scaling solution and largest blockchain networks, to offer its users the best rates on XRC20 swaps. The integration will allow RocketX’s users to make cross-chain swaps between XDC and over 60+ supported blockchain networks. This is yet another milestone in the development of the blockchain ecosystem, which promises to revolutionize the way users transact and interact with digital assets, providing users with the ability to enjoy improved scalability on any EVM (Ethereum Virtual Machine) based DeFi applications. This means that transactions can be processed much faster, which has significantly improved the transactions per second (TPS) of DeFi applications. Additionally, the integration has also resulted in lower gas fees for users, which makes these applications more accessible to a broader audience. Overall, this integration has boosted Ethereum scalability and DeFi interoperability, allowing for a more efficient and streamlined experience for users.
RocketX has quickly become a go-to platform for cross-chain swaps, offering better rates than its competitors, thanks to its intelligent algorithms that consider parameters such as low gas fees, low slippage, and better swap rates. With the integration of XDC Network, users can now swap XDC (XRC20) with all leading blockchains without an intermediary.
“We’re thrilled to welcome XinFin XDC network to the RocketX family. Our partnership accelerates onboarding for the next billion users to XDC Network, seamlessly transferring digital assets from 60+ blockchains to XDC Network through 1-click cross-chain swaps,” said Davinder Singh, Co-founder, RocketX. Further he added, “This partnership represents a giant leap towards a more inclusive and decentralized future for all.”
“We’re excited that XDC Network has been integrated within RocketX so that its users can benefit from our enterprise-grade blockchain infrastructure,” said Matthew Weisenthal, Director of Ecosystem Relations, XDC Network. “This integration represents an important step in our mission to drive the adoption of blockchain technology across a range of industries, and we look forward to working closely with RocketX as they work to deliver more innovative DeFi solutions to the XDC ecosystem.”
About XinFin XDC Network
The XDC Network is an enterprise-grade, EVM-compatible blockchain network supporting interoperable smart contracts. A highly optimized, bespoke fork of Ethereum, the XDC Network reaches consensus through a delegated proof-of-stake (XDPoS) mechanism, which allows for two-second transaction time, near zero gas fees, and over 2,000 transactions per second (TPS). Secure, scalable, and highly-efficient, the XDC Network powers a wide range of novel blockchain use cases.
Find more information about XDC Network by visiting websites XDC.org | XinFin.org and follow us on our social medias: XDC Foundation Twitter | XinFin Twitter || Telegram || LinkedIn || Reddit || Facebook || Forum
About RocketX
RocketX is an advanced hybrid CEX & DEX aggregator that makes it easy to compare prices across 270+ exchanges to help traders with the best prices with every Swap while enjoying 100% ownership of their digital assets.
For dApps & institutions, we act as a middleware by simplifying access to global crypto liquidity via a single API for in-app crypto swaps with best prices and 1-click cross chain capabilities.
Value Proposition:
- Seamless Interoperability
- Increased Liquidity
- Better Price Discovery
- Improved User Experience
- Lower Latency
- Enhanced Security on Crypto Swaps
We are on a mission to enhance interoperability between blockchains and drive mass adoption of crypto by simplifying access to all leading blockchains via single UI and API.
Website | Twitter | Telegram | Blog | LinkedIn | YouTube
Contact Details:
[email protected]
Place: Dubai, UAE
Name: Adira B
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/161775
bybit lucky
Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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