Poly Network X Bytom Building a Cross-chain Ecosystem
On May 10, Poly Network, the cross-chain interoperability protocol is excited to announce the partnership with Bytom. The two parties will carry out in-depth cooperation in the assets cross-chaining. With the help of Poly Network’s underlying cross-chain technology, the cross-chain interoperability of Bytom’s multi-chain crypto assets on ETH, BSC, HECO, and Bytom networks will be realized.
In the future, the two parties will jointly build cross-chain bridges between Bytom and other chains to realize the free exchange of mainstream assets on different blockchains, and jointly contribute to the prosperity of the DeFi application ecosystem.
Poly Network X Bytom cross-chain bridge co-construction
Bytom opens up interoperability with other blockchains by a self-developed OFMF gateway. By cooperating with Poly Network, Bytom makes up for its own shortcomings and expands Bytom’s cross-chain capabilities. Bytom’s cross-chain number, cross-chain assets, and interoperability can be greatly improved as well. Creating a decentralized interoperability layer that connects multiple chains through the Poly Network, allowing multi-chain digital crypto assets on the Bytom to circulate among ETH, BSC, and HECO, providing interoperability of multi-chain assets as well.
The significance of cross-chain bridge co-construction
1. Bytom has the advantages of high throughput, low latency, and low handling fees. Through the cross-chain bridge, users and developers of other ecology can enter the Bytom blockchain to enjoy the convenience brought by high performance;
2. Through the cross-chain bridge, developers can integrate cross-chain logic into their smart contracts to create interoperable Dapps;
3. Users can participate in other ecosystems through the cross-chain bridge, increase the application of BTM token, accelerate the integration of their own ecology with ETH, BSC, HECO, and other multiple ecosystems, promote the development and growth of the ecosystem, and provide more services for DeFi users.
About Poly Network
Poly Network a groundbreaking heterogeneous interoperability protocol alliance, consisting of leading blockchain platforms such as Neo and Ontology. Poly Network already integrates Bitcoin, Ethereum, Neo, Ontology, BSC, Heco, and has completed a $4.3 billion cross-chain asset transfer. For more information,
Bytom is a blockchain-based open-source value-exchange protocol. It aims to tokenize real-world assets, such as warrants, securities, dividends and bonds. Users can use the Bytom blockchain to create assets without limits and have these assets circulate freely.
Bytom has built a comprehensive product ecosystem that covers,
1, Bytom Blockchain
2, DeFi protocol (MOV)
3, Cross-chain gateway (OFMF)
4, Enterprise Blockchain (Bystack)
5, And also leading an IEEE working standard group