Navigating the Multichain World

August 30, 2024 03:43 PM AEST | By Team Kalkine Media

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Navigating the Multichain World — Image source: shutterstock

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Cointelegraph’s Hashing It Out podcast, host Elisha Owusu Akyaw delves into the evolving landscape of cross-chain protocols and multichain ecosystems with Keer Lau, ecosystem growth lead at Orbiter Finance.

As {blockchain} technology advances, the need for seamless interaction between various chains has become increasingly critical. Orbiter Finance, which initially focused on basic cross-chain functionality, is now developing a more comprehensive omnichain infrastructure to address these needs.

Lau discussed Orbiter Finance's innovative approach to improving cross-chain security. Traditional cross-chain platforms have often faced vulnerabilities due to human error and reliance on multisignature wallets. To mitigate these risks, Orbiter Finance employs zk-SPV (Zero-Knowledge Simplified Payment Verification) technology. This approach eliminates the dependence on multisignature wallets, aiming to enhance security and reduce potential breaches.

Another challenge in cross-chain bridges is liquidity fragmentation. Orbiter Finance addresses this by aggregating liquidity across multiple layer-2 solutions and rollups, which helps streamline the user experience and improve overall functionality. This strategy is designed to enhance coordination among rollups, thereby improving scalability while preserving decentralization.

The episode also highlights the importance of user interface improvements in multichain systems. As the blockchain ecosystem grows, making these systems more user-friendly is essential, particularly for newcomers. Lau emphasized the need for developers to build not only the infrastructure required for seamless cross-chain interactions but also to ensure that these interactions are intuitive and accessible.

The full episode provides an in-depth exploration of the future of rollups, layer-2 solutions, airdrop trends, and current methodologies in the market. For a comprehensive understanding of these topics, listeners can access the latest episode of Hashing It Out on Spotify, Apple Podcasts, or TuneIn. Additionally, Cointelegraph's full range of informative podcasts is available on the Cointelegraph Podcasts page.

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