Jelly Swap Opens Up a Bridge With XDC Network

Jelly Swap Opens Up a Bridge With XDC Network
  • Jelly swap users can switch XDC with ETH and BTC.
  • Empowers cross-chain transfers and instant token swap.
  • XDC is an interoperable smart contract with minimal fee.

Jelly Swap, a decentralized exchange(DEX) opens up a bridge to XinFin XDC Network, empowering users to switch XDC against Ethereum(ETH) and Bitcoin(BTC). With the support of atomic technology, enables cross-chain transfers and instant token swap.

XinFin XDC Network is an open-source hybrid blockchain platform and interoperable smart contract with minimal fees and 2-second transaction confirmation. In addition, the XDC community has complete authority over their assets and can consistently engage with the XDC ecosystem, where XinFin supports all decentralized environments.

Moreover, XDC Network has a number of DiFi use cases which also include Blockdegree, blockchain education in a decentralized manner.

Another use case for Trade Finance originators is XinFin’s flagship app, Trandefinex. Also, it is a peer-to-peer decentralized platform to distribute deals to a broad set of bank or non-bank funders.

Additionally, this platform helps MSME’s in finding funds and will deploy escrow smart contracts to fund infrastructure projects. Besides, financiers and beneficiaries can use TradeFinex to record payment obligations on the blockchain to render goods and services. TradeFinex is intended to provide a borderless financial experience.

Jelly Swap’s CEO, Tito Tiva said

“DeFi is a fantastic environment where everyone is helpful and supportive. Our goal is to provide exposure to the best blockchain technology that can make a real difference in the future. We are excited to add a bridge to one of the fastest-growing networks in the DeFi space that addresses the scalability and high fees issues that currently plague the most widely used blockchains.”

About Jelly Swap and XDC Network

Jelly Swap was established by Tito Titov and Krasimir Raykov in November 2019, who developed the dApp to offer decentralized service. More so, it solves interoperability problems in blockchain transactions and provides peer-to-peer transactions across different blockchains.

XinFin’s XDC Network, a decentralized and hybrid blockchain platform which combines the power of both private and public blockchain with interoperable Smart Contracts. Further, the network runs on the XinFin delegated proof of stake consensus (XDPoS) which improves efficiency and reduces reliance on complex FX infrastructures.

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Cryptocurrency and blockchain tech interest has enticed Carolyna to write for NewsCrypto. She made her personal mission to help non-crypto geeks to understand the technology with ease.