A developer platform for multichane applications has closed the $ 20 million series a funding round to make the Crypto user experience (UX) effective for developers and Fintech.
The $ 20 million investment round was led by Cyber • Fund and Blockchain Capital, with Baibit’s Mirana Ventures and L2 IV participation.
Established by Flashbotts, a pre-coinbase engineer and core contributors, the purpose of one-balance is to solve the fragmented UX issue of the Crypto industry with its toolcoat technology, which claims that it enables users to transfer, swap, or earn only one click, without the need to worry about a network, without a network, without a network, without a need to worry.
“Developers who integrate through toolkit can earn direct revenue via configuble transaction fees,” Daniel Warsley, co-founder and Chief Operating Officer of Vanbalance, told Netailgraph. “These fees including gas can be bundled in a single abstract payment from the user.”
The result brings users “rapid execution, high conversion and better capital efficiency”, he said.
According to the company, along with Solana and other major networks launching other major networks, Oonebalance’s toolkit has already proved to be successful with the native bitcoin-to-atherium virtual machine (EVM) swap.
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Equalance introduces resource locks for safe bridgeing
The resource lock feature of the company launched in early 2024 provides a new approach to crosschain transactions by enabling the asynchronous execution in blockchain. User prevents dual expenses by co-staging and sequencing the user transactions through protocols.
Resource lock “allows users to lock funds in chains with the same cryptographic intentions-no pre-bizing is necessary,” Versley said.
He said, “Combined with balance aggregation, it allows users to deploy fragmented funds in several chains, eliminates the need of the bridge before taking action,” he said.
Unlike blockchain bridges, resource locks eliminate the property of the pool, central volt and smart contract balance, which may be unsafe for hacks, providing a more secure solution for crosschain transactions.
In 2022, hackers stole $ 600 million from the Ronin Bridge of the Exi Infinity after compromising on the setup of a multicignecular private, which highlights the risks to address Onbalans.
https://www.youtube.com/watch?v=ef3wcss75qy
magazine: He solved the Janky UX problem of Crypto – you haven’t noticed yet