Partisia partners with TeraBlock
Partisia partners with TeraBlock, a well-established cross-chain interoperability protocol, and a DeFi infrastructure-as-a-Service provider focused on revolutionizing the decentralized finance (DeFi) space.
TeraBlock, with the assistance of Partisia Blockchain’s advanced multiparty computation (MPC) technology, has developed the world’s first zero-knowledge cross-chain decentralized exchange (zkCrossDex). This significant achievement was made possible through the Partisia Blockchain Foundation’s grants program. The MPC technology integrated into TeraBlock’s zkCrossDex guarantees transactional privacy and effectively addresses the front-running issue in decentralized finance (DeFi).
Revolutionizing the DeFi Sector with TeraBlock’s zkCrossDex Integration
TeraBlock’s zkCrossDex integration establishes a novel benchmark for transactional efficiency and security within the DeFi sector. By aiming to make DeFi more accessible, secure, and efficient, zkCrossDex is contributing towards a more inclusive financial ecosystem.
Introducing MPC-Powered zkCrossDex: The Ultimate Interoperability Solution
zkCrossDex, fueled by MPC, is an exceptional technology that seamlessly links different blockchain networks, setting a new standard for interoperability. This novel development enables the smooth exchange of assets and liquidity flow between diverse ecosystems, providing unprecedented access to a broad range of assets and markets. This feature is set to transform the DeFi landscape, offering users unparalleled opportunities.
“Together with TeraBlock, we are bringing a newly developed execution platform for DeFi to real-life use. This will address a few recognized weaknesses with one of the most popular DeFi solutions – automated market makers (AMM). The Partisia Blockchain is designed for scalability, interoperability, and privacy and the framework uses all of these to improve AMMs.”—Brian Gallagher, Partisia Blockchain Co-Founder
Addressing the complexity hindering mass adoption in DeFi, TeraBlock’s MPC-powered zkCrossDex removes barriers with its intuitive interface, making DeFi accessible and user-friendly – in line with Partisia Blockchain’s ethos of making DeFi more financially inclusive.
“Our zkCrossDex is carefully designed to aggregate liquidity across multiple chains, addressing a pivotal challenge in DeFi and made possible by Partisia Blockchain’s MPC technology. The initiative strategically moves towards a more fluid and interconnected DeFi ecosystem, aiming to revolutionize liquidity management for a seamless and efficient market experience.”—Shivam Tandon, Founder and CEO at TeraBlock
The MPC-backed zkCrossDex is a major milestone towards a secure, inclusive, and technologically advanced DeFi ecosystem. Partisia Blockchain and TeraBlock are dedicated to making DeFi accessible to everyone, thus promoting a fair and efficient financial system.