The DecilalChain blockchain network from Russian developers is now compatible with Ethereum and Finance Smart Chain. Interoperability between blockchains will serve as an incentive for the creators of tokens and applications, and will contribute to the development of an open financial system.
In the cryptocurrency world, all new projects with interesting ideas appear. One such project is Decimal Chain. It is a blockchain and cryptocurrency constructor that allows you to easily and quickly create your own coins for a variety of use cases.
and without any programming skills. DecilalChain is highly secure, stable, reliable, and at the same time quite easy to use and understand. After all, on its basis, you can develop and promote your own projects.
What is DecilalChain
DecilalChain is called the next generation blockchain because it has the advantages of the best blockchains without their disadvantages. It allows you to issue your own tokens, convert coins, generate cryptocurrencies on your own wallet.
With the help of the cryptocurrency constructor, anyone can issue their own currency and manage it without special skills.
DecilalChain is called the next generation blockchain because it has the advantages of the best blockchains without their disadvantages.
In DecilalChain, to send any token or DEL coin, you can use any network token as a commission.
The authors of the DecilalChain project are the Bitstream and Krypton development teams. Meanwhile, different blockchain ecosystems are independent, and there is no interoperability between these assets that would allow them to interact with each other and exchange information.
Thanks to its simple interface and wide functionality, the DecilalChain project has gained popularity among the Russian-speaking crypto community. Now he has taken another step in the implementation of cross-chain solutions:
full compatibility with the most promising and developing blockchains has been achieved. Thanks to this compatibility, the functionality of the Ethereum blockchain and Finance Smart Chain became available to all developers of tokens and projects on the DecilalChain blockchain. Ethereum is considered the backbone of blockchain products and the foundation of the modern blockchain industry.
“First of all, we wanted to make more accessible the rapidly developing market of Defib (decentralized finance) — financial instruments created on the blockchain in the form of services and applications. PancakeSwap and unsnap.
the decentralized exchanges (DEXs) of the Finance Smart Chain and Ethereum blockchains, have the largest offer of decentralized financial services in which tokens created on our blockchain can participate,” says Anatoly Berdnikov, CEO of DecilalChain.
The DecilalChain team is constantly making improvements and adding new features.
Due to the ability to interact with many blockchain networks and projects created on their basis, DecilalChain creates a conceptual and technological basis for cooperation.
This project uses the so-called “wrapped” tokens. Wrapped tokens allow interoperability between blockchains.
In DecilalChain, during a transaction, tokens do not leave the ecosystem of the DecilalChain blockchain, but go into the so-called “frozen” state, while their equivalent is issued on another blockchain.
To do this, it is enough to initiate the launch of the process of transferring wrapped tokens in any of the two compatible blockchains on a functionally and intuitively understandable console and return them to the DecilalChain network at any time.
The user can now send wrapped tokens to the Ethereum blockchain and from there to the Finance Smart Chain network, or vice versa, using one blockchain to register the crypto asset in the registry, and the second as a secondary market, initiating the sale of the token. This expands the possibilities for crypto enthusiasts by offering new models and ways to make money on their crypto assets.
Decentralized finance continues to gain momentum and the number of new applications is steadily growing.
The DecilalChain team is working hard to implement solutions that serve as an incentive for developers of tokens and applications that contribute to the development of an open financial system. The interface from Russian developers opens up opportunities for all market participants to automate the process of generating income from crypto-assets in other blockchain ecosystems.
The technological ecosystem allows finding new solutions, creating analogues of traditional financial models without forced dependence on a third party.
The goal of Defib is to make the blockchain-based financial system efficient, accessible, transparent and open. Defib can combine the benefits of the existing financial system while replacing intermediaries with smart contracts. Defib projects have the potential to transform the entire financial services industry.