Celer partners with Kava
Celer partners with Kava Network to enable cross-chain asset transfers. Celer Network successfully implemented bridging support for Kava Network via its Open Canonical Token Standard. Users can now bridge USDC, USDT, WETH, as well as DAI, and WBTC between Ethereum and Kava quickly, securely, and with very low costs.
The Kava Network is a lightning-fast Layer-1 blockchain. It features a unique co-chain architecture that combines the speed and interoperability of the Cosmos SDK. With the flexibility and developer support of the Ethereum Virtual Machine (EVM), all powered by the ultra-fast Tendermint consensus engine.
Furthermore, Kava chose to build using the Cosmos SDK because it was clear that the Ethereum architecture was not going to support a decentralized future at scale. The Cosmos SDK enabled much better scalability and unlocked access to a growing ecosystem of blockchains and applications.
Moreover, Kava continues to evolve into a more open, scalable, and optimized Layer-1 blockchain for Web3 developers to build on. As a result, by optimizing to support two of the biggest decentralized ecosystems, Cosmos and Ethereum, the Kava Network is preparing for huge growth in the multi-chain future ahead.
WHY THIS INTEGRATION IS IMPORTANT?
Initially, Celer’s bridging support will include USDC, USDT, WETH, DAI, as well as WBTC, and will extend to NFT bridging and generic message passing with the Celer Inter-chain Messaging Framework in the future, thus enabling a more secure and flexible approach to facilitate interoperability between the Kava Network, and the broader blockchain space.
ABOUT Kava Network
Kava is a secure, lightning-fast Layer-1 blockchain. It combines the two most used permissionless execution environments into a single, scalable, developer-optimized network.
ABOUT Celer Network
Celer is a blockchain interoperability protocol. It enables a one-click user experience accessing tokens. It started from DeFi, GameFi, NFTs, governance, as well as privacy solutions, and more across multiple chains. In addition, developers can build inter-chain-native dApps using the Celer Inter-chain Message SDK. They can also gain access to efficient liquidity utilization, coherent application logic, and shared states. Users of Celer-enabled dApps will enjoy the benefits of a diverse multi-blockchain ecosystem with the simplicity of a single-transaction UX, all from a single chain.
RESOURCES
Celer Network
