Blockchain interoperability has become a make-or-break trait in issuing seamless transactions. Blockchain projects are on the rise considering that developers are breaking the boundaries of possibility when leveraging the technology’s capabilities.
Therefore, cross-chain technology is becoming a common discussion for increasing interoperability between blockchains. In simple words, this kind of technology is the bridge that lets information and value be transferred between networks.
Interoperability plays a significant role in blockchain adoption since it allows people to interact with the technology more seamlessly. For example, when it comes to cross-chain technologies, anyone can make payments via multiple blockchains and count on a single wallet system for storage. And this appears to be a solid foundation for the future digital economy.
To support this cross-chain technology, ThunderCore has come up as one of the most user-friendly blockchains for both developers and users. More good news to add, ThunderCore has announced that they are now supported by Multichain. Multichain is a leading Web3 cross-chain router protocol.
ThunderCore strongly believes that this will be crucial to building up the utilization of the greater ecosystem, hence making the platform accessible to every blockchain.
Multichain was created on July 20, 2020, to help clear the needs of the diverse and different blockchains when communicating with one another. Multichain has a great perk, which is to lock up a token in a smart contract if no native token exists.
With this combination, ThunderCore has the ability to bridge tokens in and out way easier, lowering the barriers to cooperating with dApps across numerous different chains.
At the beginning of this partnership, ThunderCore has selected tokens that exist on other chains, which will be linked to their platform. Tokens included are DAI, AVAX, and APE.
When merged with Multichain, the token transfer will be easier for developers and users who are interested in porting their decentralized applications on ThunderCore Chain.