Multichain now supports Fantom Network

Published on: 31.05.2022

Multichain now supports Fantom Network for cross-chain transfers of fUSDT and USDC.

Multichain now supports Fantom Network USDC and fUSDT  for interconnection between Fantom and the other 9 EVM-compatible chains. Bridged USDC in Fantom and Ethereum. In addition, Arbitrum, Avalanche, Optimism, BNB Chain, OKC, Polygon, KCC, and Moonbeam.

Contracts

USDC contract: 0x04068da6c83afcfa0e13ba15a6696662335d5b75

Bridged fUSDT between Fantom and Ethereum, Cronos, BNB Chain, OKC, Heco, Polygon, BTTC, KCC, and Avalanche.

fUSDT contract: 0x049d68029688eabf473097a2fc38ef61633a3c7a

Cross-chain Collaboration

Multichain is constructing a multi-chain ecosystem. Where different blockchains can communicate with each other. For this purpose, they will expand their cross-chain collaboration with Fantom L2s in the future. Also, they’ll keep working with Dapps on the Fantom ecosystem to enable anyCall, a cross-chain messaging router protocol, to fully realize its potential in building cross-chain dapps.

How does Multichain works?

Multichain’s SMPC Network
At the heart of Multichain is its Secure Multi Party Computation (SMPC) Multichain network of nodes, which implements with the TSS Distributed Key Generation algorithm.  Each node in a set, selected from the network, works independently from the others to generate part of the private key responsible for signing transactions. They collectively sign transactions, but crucially they cannot individually do so and the key is not reconstructed when signing. The complete key is never assembled and so it cannot be intercepted.

About Multichain

Multichain is the ultimate Router for web3.

Multichain was born as Anyswap on the 20th July 2020 to service the clear needs of different and diverse blockchains to communicate with each other. As a cross-chain infrastructure, Multichain facilitates interoperability across different networks and enables seamless transfers of assets and values. With a constantly growing family of non-EVM and EVM chains (now 48), Multichain is the leader in the cross-chain field.

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About Fantom

Fantom is a high-performance, scalable, EVM-compatible, and secure smart-contract platform.

Fantom’s mainnet deployment — Fantom Opera — is built on Fantom’s consensus mechanism, Lachesis. Fantom is a leaderless, asynchronous, and byzantine fault-tolerant Layer 1 blockchain protocol.

Lachesis enables Fantom to deliver fast transaction speeds, low transaction costs, and deterministic finality.

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SOURCE

https://multichainorg.medium.com/multichain-supports-fantom-for-cross-chain-transfers-of-fusdt-and-usdc-3697643d20a9

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