Saturday, Apr 20 2024 | Time 02:50 Hrs(IST)
image
Business EconomyPosted at: Sep 22 2021 8:23PM


EmiSwap Users Can Now Transfer Tokens Across Blockchains

Mumbai, Sep 22 (UNI) Community-governed decentralized exchange (DEX) EmiSwap on Wednesday announced its integration with cross-chain bridge Movr, that will allow EmiSwap users to transfer tokens across blockchains like Ethereum, Polygon, Arbitrum, Binance Smart Chain and xDAI at lower fees and higher speed of transactions, finally offering a viable solution to lack of interoperability.
Lack of interoperability of blockchains poses serious problems to developers creating a Decentralized application, tying them to that blockchain unable to profit from the benefits of other blockchains. As a solution, bridges are built to help interchange any sort of data, decentralized identities, and off-chain oracle information, in addition to allowing a token from one network to be utilized on another.
By removing the constraints imposed by their home network, bridges enable apps to become even more decentralized. Movr aggregates different cross-chain bridges under one roof to find the most efficient route to move assets, therefore finding the best bridge-token pair and executing all the steps required to move assets with one click.
“Beyond allowing EmiSwap users to transfer their tokens across blockchains networks like Ethereum, Polygon, Arbitrum, Binance Smart Chain, and xDAI at a higher speed and lower costs, the DEX’s integration with Movr will also open up new markets for EmiSwap and help increase liquidity and support,” said Grigory Rybalchenko, Founder and CEO of EmiSwap. “Fund Movr’s Software Development Kit (SDK) will also serve as a standard gateway for all native message bridges, eliminating the requirement for developers to build separate smart contracts for each Layer 2 native message bridge.”
The integration also enables EmiSwap to build on top of the Fund Movr SDK to allow cross-chain swaps for users and integrate Fund Movr, allowing users to transact with a single click from any L2 and with any token.
UNI AAA KAZ SHK2023
Please log in to get detailed story.
Tags: #EmiSwap Users Can Now Transfer Tokens Across Blockchains
More News

"CSIR-IICT and BHEL partners to advance clean fuel technology: MoU signed on CO2 to DME"

19 Apr 2024 | 7:23 PM

Hyderabad, April 19 (UNI) The Council of Scientific and Industrial Research-Indian Institute of Chemical Technology (CSIR-IICT) and Bharat Heavy Electricals Limited (BHEL) Corporate R&D have forged a partnership to develop technology for capturing and converting carbon dioxide (CO2) to Dimethyl Ether (DME) through direct catalytic conversion.

see more..

Amara Raja Infra Wins Greenko’s 700MWp solar project in AP

19 Apr 2024 | 6:41 PM

Hyderabad, Apr 19 (UNI) Amara Raja Infra Private Limited (ARIPL), part of the $1.75 billion Amara Raja Group, on Friday announced it has secured a solar BoS (Balance of System) project of 500MW/700MWp from Greenko.

see more..
Sensex recovers 600 points on heavy buying on last day of week

Sensex recovers 600 points on heavy buying on last day of week

19 Apr 2024 | 5:34 PM

Mumbai, April 19 (UNI) Snapping a losing streak of last four sessions, the BSE Sensex on Friday bounced back 599.34 points to close at 73088.33 on expectation of minimal escalation of tension between Israel and Iran.

see more..

19 Apr 2024 | 5:24 PM

Mumbai, Apr 19 (UNI) IT major Wipro on Friday reported 7.80% year-on-year dip in consolidated net profit at Rs 2,834.6 crore for January-March quarter (Q4) of the financial year 2023-24.

see more..
Rupee up 8 paise against USD

Rupee up 8 paise against USD

19 Apr 2024 | 5:05 PM

Mumbai, April 19 (UNI) The Rupee on Friday ended positive at 83.47, rising 8 paise against the USD on selling US Dollar by bankers and exporters, dealers at the Foreign exchange said.

see more..
image