Introducing Metachain- The future of Multichain crypto networks
The innovation of Blockchain promised to solve fragmentation problems in the world, in finance, supply chain or even the internet world. However, as blockchain technology evolves, more fragmentation happens.
As ShuttleOne works on onboarding real-world businesses and industries to blockchain networks, we found that it’s difficult for the businesses and platforms to utilize multiple blockchain networks. Each network provides a different strength and purpose for the businesses, however it takes time to understand blockchain networks, and even more time to build, on multiple ones.
Networks are not communicating with each other.
Users have to move between networks to use their wanted applications. On each network, a different network currency is required. You need to use ETH for DeFi products, you need SOL for NFT, you need MATIC for layer 2 applications. Users can’t compare networks or solutions in real-time, and use the best network for their transactions.
Developers must build each version of the same application on multiple networks.
As users move from one network to another, decentralized applications are forced to choose which network to build on. A new application version is needed, with completely different technologies and code behind. The entire development process is time consuming and resources exhausting.
Multi-decentralized networks create segmentation, instead of unification as promised!
Introducing the Metachain — Multichain universe for blockchain applications to aggregate the best performance network
So far, the blockchain world has been evolved through layer 1 development. Dapps and users are relied on layer 1 developments and affected directly by the network performance. For example, if you want to capture the majority of blockchain users, you need to be on ethereum network. However, ethereum congestion and high fees could possibly affect the adoption rate of your applications.
With Metachain- a multichain aggregator developed by ShuttleOne, businesses and applications will be able to consolidate their products within one interface, while continuing the benefits from different blockchain networks.
You can connect with multiple blockchain networks within one single API from Metachain
Factors that can be set up priorities:
- Speed
- Cost
- Security
- Decentralization
Our continued development and integration with all blockchain networks, will save developers from time and money on learning and developing on a new protocol.
Why use one network? When you can use all of them!
With consolidated dApps, Web 3 users can use the same application, using the same currency — $SZO for all gas fees. Metachain will then convert currencies and pay to the chosen network.
In fact, they don’t need to care about which network they should use, because Metachain will choose the best network for them at time of transaction.
Under the metachain ecosystem, aggregated networks no longer need to work and onboard new applications to their ecosystem. Instead, they are incentivized to focus on enhancement and deliver the best performing network.
By removing the cost and resources required for multichain connectivity, Metachain incentivizes creativity and innovation in the crypto world where dapps developers focus on what they do best — creating the most innovative products in the world.
Connect with us!
Website: https://shuttleone.network/2021/#/home
Twitter: https://twitter.com/shuttle_one
Telegram: https://t.me/shuttleone
Medium: https://medium.com/shuttleone
