NEAR Foundation Integration Into The Multichain ecosystem
NEAR Foundation is excited to announce the (NEAR blockchain) NEAR Foundation integration into the Multichain ecosystem, opening the door for thousands of tokens to interact with the NEAR ecosystem seamlessly.
Multichain is a cross-chain router protocol on a mission to be the ultimate router for Web3. Since its inception in 2020, it has helped bridge more than $70 billion worth of assets across 43 blockchains and nearly 2,000 different currencies. In addition to token interoperability, Multichain allows messages and contract calling to take place across chain with its anyCall feature. Projects such as Hundred Finance have used this feature to create cross-chain DAOs.
The NEAR blockchain will join other projects including Aurora, Avalanche, BNB Chain, Bitcoin, Celo, Ethereum, Oasis, Polygon, and a host of others.
The NEAR ecosystem already has a number of bridges to other networks. Rainbow Bridgeallows assets to move between NEAR, Aurora, and Ethereum with little more than a few clicks. The Octopus Network allows appchains from Polkadot to run on NEAR’s simple, secure, and scalable blockchain.
The addition of Multichain extends this interoperability to the broader ecosystem, giving users more choice and developers greater freedom.
Secure Bridge
While bridges have been in the news lately after a spate of recent hacks, Multichain is a leader when it comes to security.
Multichain uses a non-custodial model and secure multi-party computation (MPC) to help guarantee the security of crypto assets, and has been audited by TrailOfBits, SlowMist and PeckShield. Security reports are available on the company’s github page. Multichain has also established a bug bounty scheme and security fund to incentivize valid bug reporting from communities.
About Multichain
Multichain is an open-source Cross-chain Bridging Protocol that allows networks to readily connect with each other. Its cross-chain solutions support notable chains such as Fantom, Harmony, and BNB. Multichain solutions, Cross-Chain Bridges and Cross-Chain Routers offer a smooth and streamlined transfer of assets for users on variegated blockchains. Bridges conduct conveyance between two blockchains while routers facilitate movements between two or more blockchains. Normally, cross-chain transactions can be completed in under 3 minutes. Users are also able to experience zero-slippage and reduced fees involved during the transition of crypto assets from one network to the other, including NFTs.
About Near Protocol
NEAR is a high-performance blockchain that is designed to be super-fast, incredibly secure, and infinitely scalable. NEAR’s vision is to create a network that enables people to reimagine finance, creativity, and community in new and inclusive ways.
