AllianceBridge Introduces Seamless and Fully Decentralized Interoperability Between Blockchains
AllianceBlock has successfully built out, tested, and audited its seamless and fully decentralized blockchain interoperability platform, AllianceBridge, which has now been launched on mainnet. You can use it here and view our tutorial here.
AllianceBridge is a fast, secure, decentralized, and open-source interoperability solution that helps DeFi overcome the limits of a fragmented blockchain space. It is completely chain-agnostic and is built for blockchain interoperability. It can be used natively on the target blockchains and can drive the mass adoption and seamless, inter-blockchain compatibility features that DeFi seeks but has so far been unable to achieve.
AllianceBridge enables applications built on different blockchains to communicate with and interact with each other, something which was never before possible and is a groundbreaking development for the blockchain space as a whole. On launch, Ethereum, BSC, Avalanche, and Polygon — four of the leading blockchains and protocols — will be supported, with capabilities to add new blockchains built-in to the AllianceBridge protocol.
AllianceBridge provides fast, secure, and fully decentralized cross-chain swaps and access to a wide range of DeFi products and services starting with the leading blockchains and protocols mentioned above — all using the same, integrated suite of tools.
With Multiple Blockchains in the Future, Interoperability Will Be Key
- Ethereum has long enjoyed the first-mover advantage in the decentralized applications space and is the most widely used protocol in DeFi. Unfortunately, it often suffers from high transaction fees and congestion.
- BSC has seen a substantial rise in use, in part because of the shortcomings of the Ethereum blockchain, but security is often an issue in BSC-launched applications.
- Avalanche has a huge focus on DeFi and is collaborating with AllianceBlock to build a compliance layer and cross-border services to bring Avalanche to the institutional world.
- Polygon is also a rising DeFi blockchain player. In this space, adoption is key, so support for Polygon is a natural choice.
More Validators Means Better Decentralization and Transparency
- AllianceBlock, the primary development team behind AllianceBridge.
- Limechain, a blockchain consulting and advisory company that services blue-chip blockchain entities such as Polkadot and Hedera Hashgraph.
- Faculty Group, a collective of blockchain-native firms that provides a wide range of bespoke solutions to promising blockchain projects all over the world.
About AllianceBlock
AllianceBlock is building the first globally compliant decentralized capital market. The AllianceBlock Protocol is a decentralized, blockchain-agnostic layer 2 that automates the process of converting any digital or crypto asset into a bankable product.
Incubated by three of Europe’s most prestigious incubators: Station F, L39, and Kickstart Innovation in Zurich, and led by a heavily experienced team of ex-JP Morgan, Barclays, BNP Paribas, Goldman Sachs investment bankers, and quants, AllianceBlock is on the path to disrupt the $100 trillion securities market with its state-of-the-art and globally compliant decentralized capital market.
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