Waves partners up with Conflux to amplify DeFi-focused infrastructure
Collaboration will be focused on advancing inter-chain DeFi in a bid to foster mass adoption of blockchain-based solutions.
Conflux Network and Waves are committing to bridge their ecosystems to advance the creation of a powerful blockchain-agnostic structure focused on inter-chain DeFi, the embodiment of technological freedom for blockchain-based finance.
Conflux Network is an open protocol for dApps, DeFi and Web 3.0. As a fast and secure public blockchain, Conflux Network combines the Proof-of-Work consensus algorithm and a Tree Graph structure to power a new generation of decentralized commerce.
As part of their agreement, Waves and Conflux will join forces to promote blockchain adoption on a global scale, including technology advancements in the area of blockchain interoperability and marketing efforts.
“Waves and Conflux are projects aiming to connect blockchain technology to open and regulated finance,” comments Conflux Network’s marketing director Ivy Qi. “Thanks to strong regulatory endorsements and permissionless nature, this partnership is a logical step to make to advance mass adoption in this rapidly changing industry.”
“Thanks to the Conflux integration, Waves’ interoperability protocol Gravity becomes an enriched infrastructure that enables developers to create advanced types of finance-focused dApps and ensure a seamless interoperable flow of assets and data across them,” adds Sten Laureyssenss, Waves Association’s strategic advisor. “This creates new opportunities for practical implementation and mass adoption of DeFi solutions.”
About Conflux Network
Conflux Network is an open network built to drive the next generation of global commerce by unlocking decentralized applications and digital assets of tomorrow. Conflux enables a secure and interoperable flow of assets and data across protocols and applications. Founded in 2018, Conflux has raised $35 million from prominent investors, including Sequoia China, Metastable, Baidu Ventures, F2Pool, Huobi and IMO Ventures. Conflux Network’s public, permissionless blockchain is powerful and developer friendly. By integrating the Proof-of-Work consensus algorithm into a Tree Graph architecture, Conflux delivers a robust network with Solidity compatibility, zero congestion and low fees.
About Waves Technologies
Waves Technologies is an all-encompassing ecosystem of innovative blockchain solutions and products, with a special focus on inter-chain decentralized finances (InDeFi). Waves Technologies leverages three powerful blockchain protocols, Waves, Neutrino and Gravity, providing a developer-friendly infrastructure for creating cutting-edge products with substantial potential for mass adoption.
Originally published at https://medium.com on November 24, 2020.