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Home » Blockchain fragmentation solved by Omnichain protocols
Blockchain

Blockchain fragmentation solved by Omnichain protocols

2024-05-07No Comments3 Mins Read
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Blockchain fragmentation solved by Omnichain protocols
Blockchain fragmentation solved by Omnichain protocols
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The blockchain ecosystem is rapidly expanding, with numerous blockchains and decentralized applications (DApps) operating within it. However, the lack of interoperability among these blockchains poses challenges for businesses and users, hindering widespread adoption. To address this issue, a platform called Dojima has emerged as a universal omnichain solution.

Dojima serves as a cross-chain platform that brings together various protocols and consensus mechanisms, including the Ethereum Virtual Machine (EVM) and non-EVM chains like Bitcoin. It aims to create an omnichain hub where different blockchains can coexist and seamlessly integrate. By pooling assets and data from these chains, Dojima simplifies the development and deployment of complex cross-chain applications.

One of Dojima’s key features is its Magic Dashboard, a developer dashboard that offers templates for building a wide range of products, such as ERC-20 tokens and nonfungible tokens (NFTs). These templates significantly reduce the time required to build and deploy omnichain applications, making development more accessible even to less tech-savvy developers.

Dojima also introduces an innovative business model called Functionality-as-a-Service (FaaS), which provides an omnichain API service for interacting with integrated chains. FaaS helps users with various tasks, including creating accounts, signing transactions, and setting gas rates. To facilitate navigation across connected chains, Dojima has developed an omnichain explorer, allowing users to access and track transactions on the network.

In addition to these features, Dojima offers a cryptocurrency wallet that enables cross-chain interactions. Users can store, send, receive, and swap tokens across different chains, including popular blockchains like Bitcoin, Ethereum, and Solana. Dojima also plans to create secondary marketplaces for cryptocurrencies, NFTs, and derivatives to attract users from connected blockchains.

Dojima’s testnet was launched in late 2022, coinciding with hackathons to attract talent in the space. Notably, a metaverse project was created in less than a day, allowing users to purchase NFTs using Dojima’s native tokens through a VR headset. In 2023, Dojima expanded its community and launched its stagenet, the alpha version of its mainnet. The project received interaction from over one hundred unique wallets on the first day. The next step for Dojima is the launch of its native token in the third quarter.

Dojima envisions becoming the go-to cross-chain platform that seamlessly connects diverse blockchain networks, aiming to be the cornerstone of the Web3 evolution. By providing a marketplace for different blockchains, offering powerful tools, and simplifying the building process, Dojima aims to set the standard for blockchain interoperability.

Disclaimer: This article is sponsored content, and readers should conduct their own research before making any decisions related to the company mentioned. Cointelegraph does not endorse any specific content or product on this page, and this article should not be considered investment advice.

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