Budapest, Hungary, August fifteenth, 2024, Chainwire
Mosaic Chain has efficiently secured a parachain slot on the Polkadot Relay Chain, marking a big milestone in its journey in direction of the mainnet launch.
By successful the 73rd parachain public sale, Mosaic Chain might be related to Polkadot for roughly 96 weeks, from July 3, 2024, to Could 8, 2026. Throughout this era, the Polkadot Relay Chain will present full financial safety and trustless interoperability for Mosaic Chain by means of XCM.
The public sale was gained with a simplified model of the Mosaic Chain runtime, often called a placeholder runtime, which might be constantly upgraded as growth progresses. Mosaic Chain can be making ready to launch its testnet quickly, the place it is going to beta-test new functionalities, together with an NFT-based Consensus Mechanism. The testnet will enable for the refinement of options earlier than these are applied on the mainnet.
Moreover, Mosaic Chain plans to launch ‘Mosaic Alpha V2’, its first decentralized software (dApp), which can provide decentralized portfolio administration by means of Token Baskets, incorporating tokens from Ethereum, Binance Sensible Chain and Polkadot ecosystems.
“When designing the Mosaic Alpha platform, extensive research revealed the lack of an ideal home for DeFi apps. Universal blockchains like Ethereum and Binance Smart Chain, while suitable for various applications, often fall short for finance due to competition for transaction processing capacity, leading to potential delays and increased costs. Recognizing the need for a more reliable solution, Mosaic Chain was developed specifically for financial service providers in both Traditional Finance and Web3. This blockchain aims to create an optimal environment for financial projects to flourish and bridge the gap between the two worlds,” mentioned Attila Vidákovics, CEO at Mosaic Chain.
Constructed with the Substrate blockchain builder framework, Mosaic Chain will help superior functionalities comparable to decentralized on-chain governance, trustless interoperability, forkless runtime upgrades, and light-client help.
About Mosaic Chain
Mosaic Chain is devoted to advancing the capabilities and interoperability of decentralized networks. By way of their modern strategy and sturdy growth framework, they goal to offer a safe, scalable, and versatile platform for builders and customers alike.
Website | X | LinkedIn | Facebook | Instagram | Telegram
Advertising Supervisor
Barnabas Horvath
[email protected]
