Odin Platform Opens a Gateway to Cardano & Solana
November 11 2021 - 5:44AM
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Odin is a very promising project with a development team that is
working hard into providing the users with a plethora of features,
capabilities, and tech. Today, Odin has expanded its blockchain
from using just Solana into incorporating Cardano as well, creating
a multichain platform that will become more efficient and secure.
Benefits Of Working In Multichain Multichain incorporates the use
of more than one blockchain to operate a platform, As a private
blockchain, it assures network scalability by restricting the data
shared every block, removing extraneous data, and increasing
transaction speed. Because the blockchain’s activity is only
accessible to selected users, it also provides enterprises with
much-needed project privacy. Multichain uses multiple chain data
storing approach to tackle scalability difficulties. Every item of
data published to a stream can be on-chain or off-chain, depending
on your preferences. MultiChain does not duplicate data to every
node, unlike other blockchains where all nodes are expected to
validate and keep transactions. The size of blocks is lowered by
embedding hashes of big chunks of data, rather than the data
itself, within transactions. Each piece of data’s decryption key is
only shared with the participants who are supposed to see it.
Benefits of Cardano Cardano (ADA) is a low-fee blockchain that can
handle transactions and smart contracts without a lot of overhead.
Its dual-layer architecture separates computing tasks from
settlement procedures, allowing each layer to handle the increased
workload. Cardano (ADA) may not be the cheapest cryptocurrency to
trade, but it is unquestionably a low-fee coin to transfer and
engage with. OKEx Partnership On a separate note, Odin has also
announced its partnership with OKEx, part of Odin’s plans to
integrate with exchanges to streamline integration between the
platform and the various exchanges it plans to support for its
users. The Odin team is working on allowing the platform to support
connecting to both centralized and decentralized exchanges;
creating a fresh take on the creation of algorithmic decentralized
bots. Find out more about Odin by visiting the website.
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