The XX Foundation, behind the XX Network, a committed advocate for security and digital sovereignty in the blockchain space, announced the approval of the grant to be used for the development of the XX EVM Bridge. The grant awarded to the project, led by community leader Bulldog and developed with BitFashioned, marks an important milestone in the development of the XX Network ecosystem. Thus, the development of the bridge paves the way for seamless interoperability across various EVM-compatible networks. Here are the details of the XX EVM Bridge and the grant…
XX Network EVM Bridge is coming: It is planned to be completed in April 2024
Led by respected community leader Bulldog and supported by the expertise of third-party developer BitFashioned, the XX EVM Bridge Project is set to launch immediately. With an ambitious completion date of April 2024, the bridge aims to establish a secure and efficient connection between XX Network and Ethereum, later expanding to other EVM-compatible chains.
What are the advantages of XX EVM Bridge?
This initiative addresses a long-standing request within the XX community since the launch of the mainnet in November 2021. The arrival of the bridge unlocks many benefits:
- Enhanced benefit and access: By bridging the gap with Ethereum and other EVM-compatible Blockchains, XX Network’s reach and influence will increase significantly. This encourages wider adoption and opens doors to different use cases across various industries.
- Simplified user experience: The bridge streamlines the process of holding and trading $XX coins, making it easier for users to participate in the growth of the network. This enhanced user experience is expected to attract new audiences and increase network activity.
- Security-focused applications and services: The XX EVM Bridge opens the door to the development of innovative security-focused applications and services within the XX ecosystem. This is in line with the XX Foundation’s core mission to give users control over their data and privacy.
So, what is the EVM bridge for which XX Foundation announced a grant? Such bridges facilitate the movement of assets and data by establishing connections between various blockchain networks. Cross-chain transactions facilitate the execution of smart contracts. It increases interoperability between Blockchains, especially those compatible with Ethereum. Because EVM means “Ethereum Virtual Machine”. This technological advancement plays a crucial role in increasing liquidity and accessibility in the cryptocurrency ecosystem.
What’s next?
XX Foundation remains uncompromising in its commitment to security and digital sovereignty. The XX EVM Bridge project embodies this philosophy, providing users with greater control and security over their blockchain interactions. As development continues, the XX Foundation expects to share further updates on this groundbreaking project. XX EVM Bridge looks set to be a game-changer, solidifying XX Network’s position as a leader in privacy-preserving blockchain technology. Stay tuned to the network for exciting developments as the bridge evolves, ushering in an era of innovation and user empowerment in the XX Network ecosystem.
XX Foundation is a non-profit organization dedicated to the development of security-preserving blockchain technology. Through its work, the Foundation strives to give individuals control over their data and digital identities. So far the Foundation; It supports fundamental cryptographic research in areas critical to advancing the performance and usability of decentralized networks, blockchain technology, and privacy platforms, including supporting discoveries in digital signatures, consensus protocols, cryptography, MPC, and smart contract computations. In addition, it also supports Web3 applications built on XX Network.
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