Odin is a very promising project with a hard working development team to provide users with lots of features, capabilities and technologies. Today, Odin has created a multi-chain platform that will make its Blockchain more efficient and secure by incorporating Cardano rather than just Solana.
Benefits of working on multi-chain for Odin platform
Multichain involves the use of multiple Blockchains to run a platform, As a Private Blockchain, it provides network scalability by restricting the data shared in each block, removing foreign data and increasing transaction speed. It also provides businesses with much-needed project privacy, as only selected users can access the blockchain’s activity.
Multichain uses a multichain data storage approach to overcome scalability challenges. Each data item published in a stream can be on-chain or off-chain, depending on your preferences. Unlike other Blockchains, where all nodes are expected to verify and hold transactions, MultiChain does not copy data to each node. The size of blocks is reduced by embedding hashes of large chunks of data into transactions rather than the data itself. The decryption key of each piece of data is shared only with the participants who need to see it.
Cardano benefits
Cardano (ADA) is a low-fee Blockchain that can process transactions and smart contracts without much overhead. Its dual-tier architecture separates computing tasks from layout procedures, allowing each tier to manage increased workload. Cardano (ADA) may not be the cheapest cryptocurrency to trade, but it is arguably a low-fee coin for transfer and interaction.
OKEx Partnership
On a separate note, Odin also announced its partnership with OKEx, which is part of its plans to integrate with exchanges to facilitate integration between the platform and the various exchanges it plans to support for its users. The Odin team is working to allow the platform to support connecting to both centralized and decentralized exchanges. It tries to provide a new perspective on the creation of algorithmic decentralized bots. Learn more about Odin by visiting its website.
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