How Multi-chain features will provide for an optimal user experience
The decentralized nature and underlying concepts of cryptocurrency and DeFi technologies have made the world of investing extremely sophisticated. Investors are now more than ever faced with the impossible task of distinguishing deleterious partnerships from beneficial ones.
POP! (Proof of Partnership) is a project developed to establish non-partisan partnerships to benefit investors in the decentralized digital asset market.
By incorporating a multi-chain approach, POP! facilitates a system of matched liquidity that provides more transparency to users and creates objective mutual trust and commitment to the participating parties.
Benefits of multi-chain functionality
Expansive community reach
By incorporating multi-chain technology, POP! bypasses the various issues introduced by Layer-1 and Layer-2 blockchains.
Using an example of two Dapps looking to establish a partnership of mutual benefit: A lack of interoperability makes the passing of information between the two different blockchains difficult. In essence, such a hurdle would drastically limit the potential for both Dapps.
With multi-chain integration, POP! can reach a wider audience and engage with them in more ways, leading to increased marketing exposure and the number of users on the network!
Beneficial user experience
Compared to the user experience witnessed on apps and websites, the blockchain experience is very rigid. Under-defined workflows and code stacks cause the fragmentation of processes that should flow seamlessly. Multi-chain technology helps reduce the notion that chain-to-chain blockchain interoperability needs to be a complicated procedure.
With the high costs of Ethereum, many users are hindered from using it. This includes basic transactions and even gas-heavy functions like farming!
Multi-chain integration enables users to bypass such problems and enjoy the convenience of low fees and faster transactions on networks, including Binance Smart Chain or Polygon network.
More affordable costs
As an integrated blockchain, Multichain technology solves the common issues affecting Ethereum. It solves scalability by using a dual-chain data storage method where information can be both on-chain and off-chain. This process prevents multi-chain from replicating data to every node, thus improving scalability.
Along with scalability, it also solves the problems related to mining costs and irrelevant shared data responsible for slower transaction speeds. This process of delegation is much cheaper than the proof-of-work mechanism.
A network with users as the central focus
POP! places community members at the forefront of its decision-making process. This philosophy becomes apparent when viewing our platform’s features and functionalities.
Whether through working on integration of multi-chain functionality that will allow for the establishment of a connected and uninterrupted ecosystem, or through solid tokenomics to establish a vibrant and sustainable community.
By partnering with Ethereum, Bridge Mutual, Ocean Network, UNIDO, and AlianceBlock — POP can achieve its primary mission of progressing DeFi by increasing accountability, responsibility and reducing impermanent loss.
POP! is a platform that allows 2 projects to objectively display mutual trust and commitment to each other, by locking their respective tokens together and creating a trustless Mutual Liquidity Pool (MLP). In addition, it grants POP! users the opportunity to provide single-sided liquidity, in the form of their favourite token, by matching them with another POP! user and adding their joint liquidity into the MLP.
Powered by Faculty Group, POP! aims to set a new golden standard with regards to partnerships, and how they are perceived in the digital asset ecosystem.