RocketX Announces Support for MicroVision Chain
RocketX, a cross-chain CEX and DEX integrator, has revealed its backing of MicroVision Chain, a leading Bitcoin scaling solution. This move allows the interoperability of MicroVision Chain with over 100 top blockchain networks.
Through the integration with MicroVision Chain, users can seamlessly transfer assets, including the $SPACE token, to and from the network with a single click. This streamlines interactions within decentralized finance and offers “single-click transactions” and a simplified onboarding process onto MicroVision Chain.
This development eliminates the need for complex liquidity management for apps on MicroVision Chain and increases transaction volume and network activity by enabling easy connection to diverse blockchains, creating an “interconnected DeFi environment.”
The Promise of MicroVision Chain
MicroVision Chain aims to become the premier sidechain to Bitcoin, utilizing a hybrid UTXO and PoW model for blazing-fast performance and cost-effectiveness. Additionally, it aspires to be a scalable platform for dApps with smart contract capabilities based on the UTXO model and support for decentralized identities (DIDs) for Web3 applications.
RocketX’s Role in Blockchain Interoperability
RocketX’s integration with MicroVision Chain allows users to access multi-chain ecosystems seamlessly. It acts as a key enabler of blockchain interoperability, offering a single interface for aggregated liquidity from over 450 decentralized and centralized exchange platforms. Users can trade tokens across CEXs and DEXs while retaining control of their funds in a non-custodial fashion.
“This integration enables decentralized applications and DeFi users to transcend the traditional limitations of blockchain technology, fostering an environment ripe for innovation and growth,” said RocketX Chief Technology Officer Davinder Singh.
Hot Take: A Step Forward in Blockchain Interoperability
The collaboration between RocketX and MicroVision Chain represents a significant step towards achieving blockchain interoperability. This integration not only streamlines transactions within decentralized finance but also paves the way for innovation and growth within the industry.
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