Main meals
- The Soliana Bridge advertisement from iITEX follows a previous financing round.
- The bridge enhances the structure of the IOUBE Bridge and uses safe opinions and signature mechanisms.
- The company aims to increase the activity and attract new users through Solana Bridge.
Dimine Iotex launched it Solana The bridge, which it claims will enhance the inter -operation of the ecosystems of iITEX and Solana. This bridge will facilitate the transfer of assets and data sharing between the two platforms, creating opportunities for broader cooperation and participation.
The company got 50 million dollars To accelerate the growth and adoption of its ecosystem. Iotex previously launched W3BSTREAM and IOTube to increase its position in the DePin sector.
Iotex launches Solana Bridge
IOTEX is an open source platform that combines Blockchain technology with IOT IOT to create a non -central economy. The company recently announced The launch of the Solana Bridge Which allows the transfer of assets and data sharing between the ecosystems of iITEX and Solana.
This bridge enhances the interim operational capacity by connecting two main DePin platforms. It also expands the scope of Solana DePin projects, allowing them to reach the community centers and liquidity in IOTEX.
- How Solana works is a bridge. L credit: iIOEX
From a technical perspective, the bridge enhances the structure of the IOUBE Bridge and uses the current IOTEX infrastructure to ensure the effective crosses transplants. The consensus mechanism requires two -thirds of witnesses for safe transactions, and the bridge supports the signatures of the Ellille curve, specifically SECP256K1 for Solana to the transfer of iotex and ED25519 to transfer iotex to Solana to Solana.
Previous Deeb Projects
The latest development of IOTEX, The Solana Bridge, aims to enhance its position in the interfering operating sector across the chain. This development follows the merging of W3BSTREAM, DePin Itex, in the Solana Environmental System.
W3BSTREAM is a -2 layer protocol that allows decentralized data processing within the iITEX ecosystem. It works by bringing raw data from the subsidized infrastructure, and processing it using Zero knowledge (ZK) Circles, ZK evidence generation. This evidence can then verify Decentralization applications (DAPS)Guarantee of health and integrity of data.
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W3BSTream enhances expansion and performance by emptying data processing from the main Blockchain. Using it ZK The proofs guarantee the integrity of the data and the enhancement of confidence in decision -making processes. This makes W3BSTREAM a special value in realistic applications that depend on accurate data, such as the management of the supply chain and the Internet of Things.
Through the IOTEX record, including the IOUBE Bridge, which facilitates more than $ 30 million in the total closed value, the company aims, with new projects, to increase trading volume and attract more users to both systems. He also wants to enhance the role of iotex as a central platform for DimineSupport a wide range of assets and partnerships within its widespread ecosystem.
IOTEX Stablecoin
In August 2024, IOTEX Community consent IIP-30, the adoption of a USDC block of circuit. This decision will move to the current Iusdc Stablecoin to USDC.E.
The USDC adoption guarantees Circle, USDC source, The company stated that this step also opens the door to expanded use cases, which facilitates integration easier with traditional financing and realistic assets in the real world.
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IOTEX said that the stability of transactions will be improved, providing a consistent value of settlement transactions. The crosses will be able to comply with smoother reactions across Blockchains.
Implementation involves publishing USDC.E And a wrapping contract on iotex, along with updates iOSIBE to support the new bridge. DEFI protocols within the environmental system will also be encouraged to adopt USDC.E.
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