Your favorite crypto news blog

KCC Bridge Launched as First Cross-Chain Bridge for Seamless Assets Circulation On KCC

Other 2021/07/16 19:13 by PR DESK
KCC Bridge Launched as First Cross-Chain Bridge for Seamless Assets Circulation On KCC

KCC, an upcoming Ethereum-based public blockchain, has officially launched its cross-chain bridge known as KCC Bridge. The new creation allows native tokens from other home chains to interchangeably transact and circulate on KCC.

Initially, the KCC Bridge will support stablecoins such as USDC and USDT from Ethereum to KCC. Users will not be charged any gas fees when transmitting tokens to KCC. However, gas fees from other chains may still apply.

Public chains are the essential technical infrastructure and their performance greatly affects the scalability of the crypto industry. Despite their domination, mainstream public chains such as Ethereum and Polygon encounter interconnection challenges. Their interaction and interoperability with other public chains are sluggish and unreliable.

Additionally, the zero-cost migration of crypto-assets built on independent chains is inaccessible. This is due to the silo system architecture of the pre-bridge community. The repercussions are limited asset transfer and poor user experience, both of which are a great impediment to the crypto industry.

As a solution to the problem aforementioned, KCC Bridge is providing technical connectivity to networks based on varying governance models, protocols, and rules. The Bridge allows stable and seamless circulation of data and assets across the KCC blockchain and other native networks in a single click.

KCC’s efficient and decentralized public chain was built by fan communities from KCS and KuCoin. KCS’ adoption of the on-chain has a fee is responsible for reduced overall transaction costs. KCC now boasts of high throughput, low latency, low transaction costs, high stability, and security. Since its mainnet launch on June 16, 2021, the network has been running smoothly during its month of existence. KCC’s core objective is to offer fast, convenient, and cheap blockchain services to community users.

Based on on-chain data insights, KCC’s block height has now exceeded 1.2 million, with the number of unique addresses pinged at about 25,000. Moreover, the average block time is within 3 seconds. This has improved the on-chain processing power and performance with the Proof of Staked Authority (PoSA) consensus mechanism.

KCC now aims at elevating its ecosystem further. One step towards this includes the KCC public chain Grants. Having debuted on June 18, 2021, the grants encourage and support global developers to build and deploy various Dapps and tools atop KCC.

Currently, KCC is recruiting technical and marketing specialists to be ambassadors of their expertise, and to advance KCC’s growth.

0 Like(s)

You should also read...

Bitcoin 20/05/20 17:03 by Tony Spilotro
Blast From Bitcoin Past: Is Someone Close to Satoshi Moving 50 BTC From 2009?
The cryptocurrency community was just abuzz by breaking news that blockchain data has revealed that Bitcoin mined in February 2009 was just moved. The sum of BTC was among the first-ever cryptocurrenc...
Read More
Other 12/06/20 14:00 by jessicasmith
TomoChain Launches the First Turnkey DEX Protocol
Decentralization is at the heart of cryptocurrency movements and their economic systems. It is decentralization that makes DEXs fascinating; after all, decentralized peer-to-peer transactions have pro...
Read More
Crypto 04/05/21 21:54 by Livine Sanchez
What is Layer 2 Blockchain?
In cryptography, Layer 2 means a standalone framework that sits on top of the current blockchain technology. The objective of building or using Layer 2 systems is to solve the challenges that current...
Read More
Other 06/05/21 16:00 by NewsBTC
With $1M Worth of Funding, KnitFinance Charges Ahead to Unlock Trillion Dollar Market in DeFi
KnitFinance’s objective is to enable DeFi on Multiple chains which is limited to only two at present and to reduce entry barriers and asset risk for potential users. The platform has been design...
Read More
Crypto 01/06/21 10:55 by NewsBTC
Night Life Crypto – Making Blockchain Gaming More Attractive and Lucrative
Blockchain gaming is one of the happening spaces in the crypto industry as projects attempt to address various shortcomings that are prevalent in traditional gaming. The current breed of blockchain ga...
Read More