Celer Network Partnership With Oasis Protocol
Celer has partnered with the Oasis blockchain to integrate cBridge into the Oasis Emerald ParaTime, an EVM-Compatible ParaTime providing a smart contract environment with full EVM compatibility on the Oasis blockchain.
Users are now able to bridge the following tokens to Oasis:
- USDT, USDC, WETH, DAI from Ethereum
- BNB, BUSD from Binance Smart Chain
- FTM from Fantom
- AVAX from Avalanche
Oasis is the first scalable, privacy-enabled blockchain that can support private DeFi and Data Tokenization. Scalable, versatile, and private, the network has a unique architecture that separates consensus operations from compute into two main layers: the Consensus Layer and ParaTime Layer. This design allows the Network to support many different parallel compute environments (aka ParaTimes) that can be customized for a broad set of use cases.
Enabling asset bridging on the Oasis platform is the first step in the aligned vision of Celer and Oasis. Furthermore, the Celer Inter-Chain Message (Celer IM) Framework will offer Oasis users and DApp developers a space to create inter-chain applications with efficient liquidity utilization, coherent logic, and shared states. This means that users can benefit from a multi-chain ecosystem with only one transaction.
ABOUT Celer Network
Celer Network is the leading inter-blockchain and cross-layer communication platform that facilitates fast, secure, and low-cost cross-chain composability and bridging. Celer’s core applications and middleware like the Inter-chain Message Framework, cBridge, and Layer2.Finance have attracted important blockchain contributors and massive end users in the DeFi, blockchain interoperability, and gaming spaces to build and use inter-chain native applications enabled by the Celer tech suite.
ABOUT Oasis Protocol
Oasis Protocol is a layer, proof of stake, decentralized network. It has two main components, The Consensus Layer and the ParaTime Layer.
RESOURCES
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