Opinion: 3 problems while going cross-chain and how to resolve them
The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the OKC and are for general informational purposes only. All information on the publication is provided in good faith. However, we make no representation or warranty of any kind, express or implied regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information on the publication.
Our crypto market is now moving faster than ever. In fact, we have reached a major transition phase when scalability becomes a real issue. It leads to the birth of various Layer 1 and Layer 2 solutions, which attract billions of USD of investment from all over the world. For crypto enthusiasts and professional traders, going cross-chain and participating in new ecosystems are essential as the chance to multiply their balance increases significantly. However, the story is not as simple as it seems to be.
When everything gets real
In terms of security
The first step to participating in new ecosystems is to find the right wallet to transfer or bridge assets from other chains. In fact, a decentralized wallet plays a major role in the process of exploring an ecosystem that connects users to dapps via web3 implementation. Sadly, even if you’re the owner of your private key, choosing a malicious wallet might hurt you severely as your funds are exposed to anonymous hackers. Hence, most people will choose the safe way to stay in familiar prestigious wallets such as Metamask and add new networks using RPC. Yet, switching between different chains and on-the-go experience are poorly performed on such wallets.
Speed is the key
To catch up with the fast-paced environment of this market, you need a decisive mind and most importantly a reliable handy tool. Extreme price volatility is not a rumor, but a fact in this space. For instance, a token can go from $100 in price to $0.1 in less than 03 days. That’s how harsh it is. It means the market will not wait for you to go back home, turn on your PC, connect your wallet via Metamask, then make the trade. In reality, the more accessible the tool the better.
Too much to manage
Along with market expansion, the issue of unmanageable portfolio starts to haunt most high-risk traders and active enthusiasts. At some points, they would have to manage hundreds, or even thousands of tokens in multiple wallets, which is intensively frustrating. This happens due to the staggering speed of new projects coming to the market from different platforms, which requires a new revolutionary way to keep things in order.
Introducing KEYRING PRO
KEYRING PRO joined crypto space in early 2021. This non-custodial multi-chain wallet now live on iOS, Android, APK, and Huawei.
It facilitates the advanced framework of Wallet Connect that allows users to explore the decentralized space effortlessly and securely across different chains simultaneously on a trusted mobile device.
Join any networks by adding RPC
The app operates similarly to Metamask, which enables network supplement through the process of adding RPC info. In short, any EVM compatible chains can be added to KEYRING PRO from mainnet to testnet. Once added RPC, you can use the KEYRING PRO app on your mobile device to connect to DEXs, or Dapps, and to transfer assets on the newly added chain.
Switching networks is unnecessary on KEYRING PRO while going cross-chain since the integration of Wallet Connect 2.0. The application enables users to connect wallet to multiple dApps on different chains at once.
For instance, you can connect to JoeTrader on Avalanche, Quickswap on Polygon, and Uniswap on Ethereum and approve transactions on KEYRING PRO at the same time without a need to switch chains during the process.
KEYRING PRO comprises a full package for crypto enthusiasts to deal with the toughest conditions of the market. An unmanageable portfolio becomes manageable automatically once imported to the app. All qualified tokens will be indexed in order alongside custom tokens.
The ‘Buy crypto’ feature lets users instantly purchase the most popular crypto with credit cards.
KEYRING SWAP is an internal aggregator on various chains that sort out the best exchange rate among different DEXs to maximize user profit in every trading session.
The app is also compatible with NFC hardware, which supports account extraction to a highly encrypted JSON file and ignition key that lays on an NFC card as a cold wallet.
For more information about KEYRING PRO, please visit the official website.
OKC (OKX Chain) is an EVM-compatible L1 built on Cosmos with a focus on true interoperability (IBC) and maximized performance. At high scalability, developers can build and scale with low gas fees. The OKC ecosystem and infrastructure, including the all-in-one multi-chain Web3 interface, enables a seamless experience for both developers and users.
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