• Home
  • Cryptocurrency
  • Blockchain
  • Analysis
  • News
    • Regulations Security
    • Getting Started
  • Insights
    • Opinion
    • Expert Interview
  • All Posts
Facebook X (Twitter) Instagram
Trending
  • KiloEx Exchange Exploiter Restores All Stolen Funds Following $7.5 Million Hack
  • Hashkey Targets XRP ETF in Asia with New Fund Supported by Ripple
  • Sygnum Predicts Potential Altcoin Rally in Q2 2025 Due to Enhanced Regulations
  • Media Tycoon Files Counterclaim Against Justin Sun in $78 Million Sculpture Dispute
  • Yemenis are embracing DeFi in response to US sanctions on the Houthi group
  • Saylor and ETF Investors’ ‘Stronger Hands’ Contribute to Bitcoin Stabilization — Analyst
  • Bitcoin Dip Buyers Show Interest at BTC Range Lows, Yet Remain Risk-Averse Until $90K Establishes Support
  • Kyrgyzstan’s President Enacts CBDC Legislation Granting Legal Status to ‘Digital Som’
Facebook X (Twitter) Instagram
CoinovelCoinovel
  • Home
  • Cryptocurrency
  • Blockchain
  • Analysis
  • News
    • Regulations Security
    • Getting Started
  • Insights
    • Opinion
    • Expert Interview
  • All Posts
CoinovelCoinovel
Home » Solving Blockchain Fragmentation: Omnichain Protocols Provide the Solution
Solving Blockchain Fragmentation: Omnichain Protocols Provide the Solution
Solving Blockchain Fragmentation: Omnichain Protocols Provide the Solution

Solving Blockchain Fragmentation: Omnichain Protocols Provide the Solution

0
By admin on 2024-05-07 Blockchain

The blockchain ecosystem is expanding rapidly, with numerous blockchains and decentralized applications (DApps) operating within it. However, the lack of interoperability between these blockchains poses challenges for businesses and users, hindering adoption and creating uncertainties. Additionally, the complexity of developing interoperable applications and the shortage of experienced developers in the space further exacerbate the problem.

To address these issues, Dojima, a cross-chain platform, offers a universal omnichain layer that allows different blockchains to interact seamlessly. It supports both Ethereum Virtual Machine (EVM) chains and non-EVM chains like Bitcoin, creating a hub where proof-of-work and proof-of-stake chains can coexist.

Dojima simplifies the development and deployment of cross-chain applications by pooling assets and data from various chains. It provides a developer dashboard called the Magic Dashboard, which includes templates for building Ethereum-based ERC-20 tokens, nonfungible tokens (NFTs), and a deposit manager. These templates significantly reduce the time required to develop omnichain applications, making it accessible even to less tech-savvy developers.

The platform also offers a Functionality-as-a-Service (FaaS) model, which provides an omnichain API service for interacting with integrated chains. It assists ecosystem participants with tasks such as creating accounts, signing transactions, and setting gas rates. To facilitate navigation through connected chains, Dojima has developed an omnichain explorer, similar to traditional blockchain scanners, allowing users to access and track transactions on the network.

In addition to these features, Dojima incorporates 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. The platform is also creating secondary marketplaces for cryptocurrencies, NFTs, and derivatives to attract users from connected blockchains.

Dojima has made significant progress in its development, activating its testnet in late 2022 and launching its stagenet, the alpha version of its mainnet. The project has attracted attention through hackathons, where developers created a metaverse in less than a day, allowing users to purchase NFTs using Dojima’s native tokens through a VR headset. The team plans to launch its native token in the third quarter, aiming to establish Dojima Network as the go-to cross-chain platform for connecting diverse blockchain networks.

Dojima envisions a future where its solution becomes the standard for blockchain interoperability. By creating a marketplace for diverse blockchains, offering powerful tools, and simplifying the development process, the platform aims to be the cornerstone of the Web3 evolution.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Yemenis are embracing DeFi in response to US sanctions on the Houthi group

Polygon’s Nailwal: The Jio Partnership Will Propel Real-World Web3 Adoption for 450 Million Users

Babylon’s Total Value Locked Decreases by 32% as Wallets Unstake $1.2B in Bitcoin

  • Popular
  • Latest
  • Hot comments
2022-02-23 Getting Started

Cryptopedia: Unveiling the Metaverse’s Potential to Revolutionize the Internet

2022-03-07 Getting Started

Unveiling Cryptopedia: Grasp the fundamentals of DAOs and their operational mechanisms

2022-03-25 Getting Started

Cryptopedia: Explore Web3 and its goal to revolutionize internet services

2025-04-18 Regulations Security

KiloEx Exchange Exploiter Restores All Stolen Funds Following $7.5 Million Hack

2025-04-18 Cryptocurrency

Hashkey Targets XRP ETF in Asia with New Fund Supported by Ripple

2025-04-18 Cryptocurrency

Sygnum Predicts Potential Altcoin Rally in Q2 2025 Due to Enhanced Regulations

Latest Gallery

Latest Recommendations
2025-04-18 Regulations Security

KiloEx Exchange Exploiter Restores All Stolen Funds Following $7.5 Million Hack

2025-04-18 Cryptocurrency

Hashkey Targets XRP ETF in Asia with New Fund Supported by Ripple

2025-04-18 Cryptocurrency

Sygnum Predicts Potential Altcoin Rally in Q2 2025 Due to Enhanced Regulations

2025-04-18 Regulations Security

Media Tycoon Files Counterclaim Against Justin Sun in $78 Million Sculpture Dispute

2025-04-18 Blockchain

Yemenis are embracing DeFi in response to US sanctions on the Houthi group

2025-04-18 Regulations Security

Saylor and ETF Investors’ ‘Stronger Hands’ Contribute to Bitcoin Stabilization — Analyst

2025-04-18 Cryptocurrency

Bitcoin Dip Buyers Show Interest at BTC Range Lows, Yet Remain Risk-Averse Until $90K Establishes Support

2025-04-18 News

Kyrgyzstan’s President Enacts CBDC Legislation Granting Legal Status to ‘Digital Som’

2025-04-17 Blockchain

Polygon’s Nailwal: The Jio Partnership Will Propel Real-World Web3 Adoption for 450 Million Users

2025-04-17 Blockchain

Babylon’s Total Value Locked Decreases by 32% as Wallets Unstake $1.2B in Bitcoin

2025-04-17 Regulations Security

OpenAI pursued a deal with Anysphere prior to shifting its focus to WindSurf

2025-04-17 Analysis

Bitcoin Gold’s Imitation Strategy Could Surpass $150K as BTC Remains ‘Remarkable’

2025-04-17 Cryptocurrency

AI Tokens and Memecoins Dominate Cryptocurrency Narratives in Q1 2025: CoinGecko

2025-04-17 Cryptocurrency

Four Reasons Why the Price of Bitcoin Could Surge to $90,000 in April

2025-04-17 News

Trump Criticizes Powell for Delaying Interest Rate Cuts, Calling It ‘Too Late’

2025-04-17 News

Wyoming Commission Considers Whether Stablecoin Falls Under SEC Regulations

About
About

Coinovel is an enthralling novel of cryptocurrencies. Engage with narratives, delve into stories, and journey through the captivating world of digital currencies.

X (Twitter) Telegram
Popular posts
2022-02-23 Getting Started

Cryptopedia: Unveiling the Metaverse’s Potential to Revolutionize the Internet

2022-03-07 Getting Started

Unveiling Cryptopedia: Grasp the fundamentals of DAOs and their operational mechanisms

2022-03-25 Getting Started

Cryptopedia: Explore Web3 and its goal to revolutionize internet services

Copyright © 2025 coinovel. All rights reserved.
  • Home
  • Cryptocurrency
  • Blockchain
  • Regulations Security
  • Analysis
  • Insights
  • News
  • Getting Started

Type above and press Enter to search. Press Esc to cancel.