POP! partners with AllianceBlock to pursue Blockchain Interoperability
Dear POP! Town,
Currently, in the Blockchain industry, we’re seeing a strong trend towards various alternative blockchains and the interoperability between them, in order to fully capture the explosive growth this industry is currently seeing. In fact, some of the smartest minds in the industry are currently betting heavily on technology that allows for simple and efficient cross-chain interoperability, and we couldn’t agree more with that decision. After all, as stated in our roadmap, POP!’s intention is to become chain-agnostic in order to captivate the incredible innovation that’s currently unfolding.
As such, today we are delighted to share that we have partnered up with a leading firm specializing in blockchain interoperability — AllianceBlock.
This partnership marks an important stepping stone towards our cross-chain initiative and was developed in order to explore the implementation and utilization of AllianceBlock’s Bridge for POP!’s growing ecosystem. Through the AllianceBlock Bridge, POP! will be able to target new communities and markets, without the concern of incompatibility.
For those who are unaware, the AllianceBlock Bridge is a fast, secure, decentralized, and open-source interoperability solution that helps DeFi overcome the limits of fragmented blockchain space. It is completely chain-agnostic and is built for blockchain interoperability. It can be used natively on the target blockchains and can drive mass adoption and seamless, inter-blockchain compatibility features that DeFi seeks — but has so far been unable to achieve.
AllianceBlock Bridge enables applications built on different blockchains to communicate with and interact with each other, something which was never before possible, therefore unlocks a groundbreaking development for the blockchain space as a whole.
Unlike most bridges that have a centralized relayer and/or have direct control over tokens (eg. using pools on each network so that they don’t need to wrap the tokens to bridge); AllianceBlock Bridge does everything completely decentralized, using the Hedera Consensus Services.
You can find more information about Allianceblock Bridge here.
Quote by Rachid Ajaja — CEO of AllianceBlock
“Allianceblock Bridge is one of the most essential components of our product ecosystem, as it enables us to become chain agnostic. I am extremely pleased to announce that our SDK has been successfully released, and I am very excited to have the POP team as one of the first teams to integrate the bridge SDK and therefore interoperate with other chains. This is merely the beginning; stay tuned for additional information about the bridge.”
… and as always, keep it Poppin’!
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.