Nowadays, there is a problem in the crypto world. Different blockchains can’t communicate to each other. If you make a Bitcoin transaction, the Ethereum blockchain won’t be able to know that it happened. Probably, this problem will be solved in the future thanks to technology. However, we can find a solution right now, which is Artiqox Connect.
Artiqox Connect is a new service which allows developers of different blockchains to quickly and easily port their existing applications and use AIQ and AIE in those. The service unlocks several features for them, just to name a few: smart contracts, mass transfers and oracles. Thus, giving developers great tools to build with Artiqox.
The new service will also benefit the community, users will be able to start trading on different Decentralized Exchanges. You will be able to trade your coins on different blockchains.
Artiqox Connect will start with tokens on Waves, then we will implement AIQ and AIE ERC20 tokens on Ethereum network. However we plan to link more blockchains in the near future (Tron, EOS…). This will integrate all the features of ArtiqoxEnergy blockchain with the power and flexibility of other blockchains and their properties.
Technically speaking, Artiqox Connect is a set of gateways that allow users to deposit AIQ and/or AIE currencies and in exchange receive dedicated tokens that are backed 1:1 by funds held securely within the gateway. The tokens can be transferred and traded freely, or sent back to the gateway in return for the funds they represent.
Some of the benefits that will come out of Artiqox Connect includes:
- Increased exposure into the Waves/ERC20 token world.
- Increased exposure into the DeFi world.
- Increased liquidity
- Use of hardware wallets
- Potential arbitrage opportunities
- Increase the possibility of being listed on various exchanges
Stay tuned as we are currently developing a user-friendly way to interact with multiple Blockchains.