CLV — The Multichain Connection that simply dominates
Blockchain technology has created a significant impact in different sectors of human behaviour. It has rapidly changed the finance sector and has offered users the option of decentralized financial usage and, ultimately, introduced a new sense of freedom.
However, rapid blockchain growth and adoption on a global level are hindered by various circumstances, including scalability, interoperability and block congestion.
Multichain has been developed to solve these issues and promote a good user experience. As its name suggests, multichain technology allows for a blockchain project to exist on two or more blockchains simultaneously, thus enhancing interoperability as users can access it on various platforms without having to move assets from one network to another.
Its extensive potential is helping to foster more rapid adoption of blockchain technology according to real-life use cases such as supply chain management, banking, finance, etc.
While many crypto projects that are multichain exist, one stands out: the CLV Chain.
The CLV Chain Explained
The CLV Chain is a substrate-based specialized Layer 1 chain that’s EVM compatible and cross-chain interoperable. Its infrastructure is made for scaling dApps in the multi-chain universe. It acts as a foundational instrument that bridges projects between Polkadot and Ethereum ecosystems, thus fostering interoperability as projects on Ethereum or those based on EVM smart contract can quickly enter the Polkadot ecosystem.
It’s a big win for everyone, including developers, as the time spent redoing dApps is significantly reduced and users can engage with the Polkadot ecosystem using products they are already familiar with.
CLV Value Proposition
CLV leverages the strength of EVM and Polkadot to provide the perfect environment to build the best DeFi applications. Its position as an EVM-compatible blockchain offers seamless multichain indexing across Bitcoin, Ethereum, Binance Smart Chain, and Polkadot. Users can search through blocks, transactions, and accounts in a streamlined environment.
CLV offers native developers the opportunity to collaborate and move their work with minimal effort and changes, thus saving them from consuming much time recreating new dApps. Also, users can engage with projects in the Polkadot ecosystem that they are familiar with.
The CLV token is used for staking to take part in network consensus, transaction fees, platform rewards and network governance.
CLV comes with various open-source wallet implementations for interacting with cross-chain dApps without navigating between Polkadot-based and EVM-based blockchains. Users can seamlessly send, receive, wrap and unwrap cross-chain assets across Ethereum and Polkadot trustlessly.
Polkadot’s Advantage
Used as a parachain, Polkadot offers CLV scalability, flexibility, security and interoperability. With the parachain model, Polkadot achieves scalability at Layer-1 and gives parachain developers the maximum possible flexibility when building their chain while maintaining shared security among all para-objects regardless of maturity.
With the Polkadot parachain model, blockchains of different designs can communicate with each other, thus destroying the previous isolation between blockchains and enhancing interoperability in crypto.
About CLV
CLV (previously Clover Finance) is a one-stop infrastructure platform for cross-chain and decentralized applications.
The CLV chain is a Substrate-based specialized Layer 1 chain that is EVM compatible and cross-chain interoperable. The CLV wallet is a multi-chain all-in-one wallet, for Day-to-Day, DeFi, and Gaming purposes.
Featured by Coinlist as one of the most noteworthy projects in 2021 and backed by major industry institutions such as Polychain Capital, Alameda Research, Huobi and OKex’s Ventures Arm, with our multi-dimensional products lineup, CLV uniquely positioned itself as “Passport to the Omniverse”.
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