⚙️Cross-chain
Engain is a DeFi platform that aims to provide users with the best possible returns on their investments. To achieve this, Engain will utilize cross-chain functionality through the integration of the Ethereum Virtual Machine (EVM), layer 2 solutions, and Cosmos in order to improve performance.
The first step in implementing cross-chain functionality for Engain will involve leveraging the capabilities of the EVM, which is a virtual machine that allows smart contracts to be executed on the Ethereum blockchain.
To further enhance cross-chain functionality, Engain will utilize layer 2 solutions, such as Arbitrum, to increase the capacity and speed of the Ethereum network.
After that Engain will utilize Cosmos, a network of interoperable blockchains, to achieve true and clear cross-chain functionality. Specifically, Engain will integrate with the Ethermint blockchain, which is designed to be fully compatible with the Ethereum network. Ethermint also supports the Cosmos Inter-Blockchain Communication (IBC) protocol, which enables the transfer of assets and data between different blockchain networks.
The integration of these technologies will help to reduce transaction costs, improve transaction speed, and increase overall efficiency, ultimately resulting in better returns for Engain users.
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