EvidenZ will grow multichain…
We concluded our last EvidenZ report — May 2021 by talking about the opportunity to be multichain, so it is time to talk more about it.
A WORD ABOUT CROSSCHAIN
In recent months, a trend is emerging: blockchains Ethereum-based offer an interesting alternative in terms of performance/costs/energy costs, while being “EVM compatible”. We believe this is a unique opportunity for EvidenZ to expand its ecosystem with other crypto projects, bringing them a real use case and introducing EvidenZ to their community.
📣 We just issued our first digital credential on the C-Chain of the wonderful Avalanche blockchain:
You can click here to see it fully on the testnet of the Avalanche C-chain:
Why did we choose Avalanche?
Avalanche is a hub for decentralized applications on the blockchain. Its developers claim that smart contracts on the Avalanche network can be executed in as little as one second, which would be a first for the industry.
Because it simultaneously processes thousands of transactions per second, it seeks to be a nice alternative to the Ethereum network. Also, Avalanche is one of the cheapest blockchains in terms of fees & has an eco-friendly protocol.
In the last couple of weeks, we have seen a dozen successful Dapps migrate to Avalanche, we don’t want to miss the train. Or the rocket.
🌐 A Quick Overview of Avalanche (AVAX) and Why You Should Be Paying Attention
Now what?
We would like to be 100% transparent with you and tell you that nothing is settled yet. We are showing that we are technically able to work on Avalanche and we are seriously thinking about migrating on the C-chain and maybe on the X-chain as well.
Our technology is crosschain by design, and as we built everything from scratch, our team can manipulate the code to be efficient everywhere we choose to be.
Discussions are ongoing, and we already met with the Avax team earlier this month and are ready to move forward.
THE NEXT CHAPTER IN EVIDENZ DEVELOPMENT
We’ve decided to kick the year off with one of the most groundbreaking improvements in the history of EvidenZ and our $BCDT token, by making it available on BSC, the Binance Smart Chain, along with its native Ethereum blockchain .
It’s hard to overstate the significance of this upgrade, both in terms of utility and the potential for future adoption and exchange listings.
WHAT IS CROSS-CHAIN INTEROPERABILITY?
If you’re new to crypto, you might be wondering why being crosschain is so important. Given how blockchains work, a token is usually only available on a single blockchain, and it’s impossible for a token on one blockchain to interact with any token or protocol on another chain.
You may have noticed this given the fact that different chains have wallet addresses that don’t resemble each other at all; in fact, it’s as if different blockchains were different dimensions of reality, completely isolated from each other.
This is a problem, however, since the very reason that different blockchains exist is that each has its own pros and cons. One blockchain might have lower fees than another, which in turn has better smart contract capabilities and greater adoption etc.
In this case, being able to transfer a token from one chain to another would be a huge advantage, and that’s precisely the problem we set out to solve by being available on other blockchains.
WHY IS THIS A BIG DEAL FOR EVIDENZ ?
Ethereum is undoubtedly the number one blockchain for decentralized finance (DeFi) and smart contracts in general, and plenty of similar projects are sprouting up on BSC as well.
This means that $BCDT is available on decentralized exchanges (DEXes) such as Uniswap & PancakeSwap. These dApps (decentralized applications) are growing rapidly, with Uniswap’s daily volumes regularly exceeding $1B, and the total volume locked in DeFi above $20B while PancakeSwap show a TVL of $11B at the moment.
This way, you can swap between completely different blockchains and be part of this revolutionary breakthrough that will open the door for $BCDT to expand far beyond its current scope.
Some more?
We also started with some experimentations on several testnet, starting with Polygon (MATIC) & also Huobi Eco Chain (HECO) in order to open the discussion about listing on the centralized exchange Huobi:
Thank you for your attention!
For the last couple of months EvidenZ has been focusing on: rebranding, creating new social media, new use cases, hiring a new marketing manager and 2 new business developers who joined the team in early July ( UK + NA zone). We opened up the discussion about partners & media coverage considering the projects we are currently working on, under NDA, but that will be the object of our next EvidenZ report on Medium.👀
More information:
The ultimate certification technology on the blockchain: https://www.EvidenZ.io
Check out our socials
Twitter:
https://twitter.com/MyEvidenZ
Telegram:
https://t.me/BCDiploma 🇬🇧
https://t.me/EvidenzJapan 🇯🇵
https://t.me/EvidenzDubai 🇦🇪
https://t.me/EvidenzFrench 🇫🇷
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https://t.me/EvidenzGreece 🇬🇷
Reddit:
https://www.reddit.com/r/EvidenZ/
https://www.reddit.com/r/BCDT/
Discord:
https://discord.gg/5n5kvGZ7
