Interoperability Boost: Elrond Integrates With Chainge Finance, Enabling Assets From 13 Other Chains To Roam Freely To And From The Elrond Mainnet
We are excited to announce that the Elrond Network mainnet is now integrated with Chainge Finance!
Change is a multi-chain DeFi application that enables assets to roam between 14 supported blockchains such as Bitcoin, Ethereum and Binance Smart Chain, using Fusion DCRM sharded private key management technology.
At the current stage of the integration, EGLD and USDC ESDT are available for the Chainge app users, who can store balances on all compatible blockchains, and to easily initiate cross-chain transfers.
Supported chains include Bitcoin, Ethereum, BSC, Avalanche, Polygon, Tron, Fusion, Heco, Arbitrum, Okexchain, Cronos, Fantom, and Elastos Smart Chain.
Our ongoing collaboration will focus on adding more ESDT tokens and more utility to the integration, such as Staking via the novel Time-Framing concept, DeFi, Futures & Options, and a decentralized escrow service.
“Interoperability, such as provided by the Chainge Finance integration, will allow our mainnet to perform fast and inexpensive transactions denominated in assets originating on other chains, thus contributing the Elrond scalability and efficiency to the larger blockchain ecosystem, towards the development of a truly global financial system.” said Beniamin Mincu, Elrond Network CEO.
“With the integration of the massively scalable Elrond Network, we are welcoming cross-chain roaming for the next billion people, who now have the ability to leverage the power of the EGLD currency wherever they need it most, thanks to the integration with the Chainge app and broader ecosystem.” said Dejun Qian, Chainge Finance CEO.
EGLD is directly available in the Chainge Finance app (Android & iOS), and can be ported between Elrond, BSC and Fusion. You can also add the USDC asset, which you can store and transfer between Elrond and 11 other compatible networks.
Elrond is a new blockchain architecture, designed from scratch to bring a 1,000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
About Chainge Finance
Chainge Finance is a DeFi fintech app founded in December 2020. Its goal is to build a blockchain digital neobank and empower the world to access crypto finance services with no limits.
Chainge uses the latest technology to provide top-level security and fast transactions, such as DCRM (Distributed Control Rights Management), TF (Time Framing), QS (Quantum Swap), USAN (Universal Short Account Number), and SCT (Smart Contract Template). The advanced tech makes possible a wide array of services, including Cross-chain Roaming, Decentralized Escrows, a Spot DEX, a Futures DEX, an Options DEX and corresponding Liquidity Pools.
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