NEAR Protocol Announces 'Chain Signatures Mainnet Launch”-web3.0-php.cn

Home

web3.0

NEAR Protocol Announces 'Chain Signatures Mainnet Launch”

PHPz

Aug 09, 2024 pm 03:43 PM

Bitcoin DeFiNear Protocol Chain Signatures

This new technology ditches cross-chain bridges and lets users utilise smart contracts to “sign transactions on any blockchain”

NEAR Protocol Announces 'Chain Signatures Mainnet Launch”

Blockchain technology firm Near Protocol has announced the mainnet launch of Chain Signatures, a feature that allows users to interact with multiple blockchains without needing separate accounts or tokens for gas fees.

According to an announcement shared with Cointelegraph on Oct. 11, Chain Signatures enables Near smart contracts to sign transactions on any blockchain. The feature is designed to simplify DeFi interactions across chains.

The launch follows an announcement in May when Near revealed plans to integrate Chain Signatures with Bitcoin, Ethereum, Dogecoin, and other blockchains by the end of the year.

The new feature is touted to support omnichain decentralized finance (DeFi) and the creation of tokens that exist on multiple chains without needing bridges.

Near explained that the Chain Signatures feature uses a threshold signature protocol where Near’s multi-party computation (MPC) nodes sign transactions.

The protocol is designed to simplify the user experience by eliminating the need for separate accounts and managing multiple tokens for gas fees when interacting with different blockchains.

Near Co-founder Illia Polosukhin described Chain Signatures as a “huge step toward Chain Abstraction,” highlighting the following:

“Chain Signatures enables @NEARProtocol smart contracts to sign transactions on any blockchain. Whereas before we had fragmented liquidity in DeFi, now there will be a single DeFi layer for all chains.”

Polosukhin added that the development aims to expand and diversify the user base in Web3, moving beyond the limitations of layer-one-centric thinking.

NEAR token up 13% following Chain Signatures launchThe price of Near’s native token NEAR reacted to the Chain Signatures launch with a strong increase of 13% in the past 24 hours, according to data from CoinGecko.

This comes after the token price dipped along with the broader market crash earlier this week, with NEAR only just beginning its recovery rally.

At the time of writing, NEAR trades hands for $4.08 and has quite a way to go to reach the previous high of $20.42, which it hit in January 2022.

The above is the detailed content of NEAR Protocol Announces 'Chain Signatures Mainnet Launch”. For more information, please follow other related articles on the PHP Chinese website!

Statement

The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

New Hampshire becomes the first state to establish strategic Bitcoin BTC/USD reservesMay 08, 2025 pm 11:18 PM

Dennis Porter, founder of SA Fund, revealed on social media that New Hampshire Governor Kelly Ayotte has signed Bill 302 into law. New Hampshire has thus become the first state in the United States to establish a strategic Bitcoin (BTC/USD) reserve, allowing public funds to invest in Apex cryptocurrencies and other digital assets that meet certain standards. Details: Act 302 signed by Gov. Kelly Ayotte not only allows investment in Bitcoin, but also includes other digital assets that meet certain standards, Dennis Por, founder of SatoshiActionFund

okx exchange portal okx trading platform official website login portalMay 08, 2025 pm 11:15 PM

As the world's leading cryptocurrency trading platform, OKX provides users with diversified trading services and a secure trading environment. Since its establishment, OKX has attracted a large number of users and investors with its strong technical support and rich trading products. Whether you are a novice or a professional trader, OKX can meet your trading needs.

Yiou official website entrance Yiou exchange Apple entrance official entryMay 08, 2025 pm 11:12 PM

A world-renowned digital currency trading platform, established in 2014, is committed to providing users with safe and convenient digital asset trading services. As an international exchange, Yiou supports the transaction of a variety of mainstream and niche digital currencies, attracting users from all over the world. Whether newbies or experienced traders, you can find trading tools and services that suit you on the Yiou platform.

Ouyi ios official website entrance okx Ouyi official website Apple mobile phone registration entranceMay 08, 2025 pm 11:09 PM

If you are an Apple mobile phone user and are interested in cryptocurrency trading, then you must not miss the OKX Ouyi platform. As one of the world's leading cryptocurrency exchanges, OKX Ouyi provides trading services for a variety of digital assets, covering mainstream currencies such as Bitcoin, Ethereum, Litecoin, etc., and also supports the transaction of a variety of altcoins and emerging tokens. Whether you are a freshly-made investor or an experienced trader, OKX Ouyi can meet your needs. Below we will introduce in detail how to note on the official website of OKX Ouyi through Apple mobile phones

Detailed Guide to Installation and Registration of Binance Binance Exchange (2025 Latest Steps)May 08, 2025 pm 11:06 PM

Binance is one of the world's leading cryptocurrency trading platforms, providing trading services for a variety of digital assets. If you are considering using Binance for cryptocurrency trading, this article will provide you with a detailed installation and registration guide.

Binance binance web version entrance Binance binance exchange web version directly enterMay 08, 2025 pm 11:03 PM

The world's leading cryptocurrency trading platform is famous for its efficient, secure and diverse trading services. Whether you are an experienced trader or a newbie into the cryptocurrency market, Binance has the tools and resources you need. Through Binance web version, users can easily access the trading platform without downloading any applications and conduct trading operations directly through the browser. This article will introduce in detail how to enter the Binance Binance Exchange web version and provide some practical trading tips and precautions.

The top ten currency trading platform apps are ranked. The latest ranking of currency speculation platform appsMay 08, 2025 pm 11:00 PM

The top ten cryptocurrency trading platforms in the world in 2025 are: 1. Binance (Binance), the world's first transaction volume, supports 600 cryptocurrencies, and cold wallet stores 98% of assets; 2. OKX (Euyi), the world's third in contract trading volume, launches the Metacosmic trading hall; 3. Coinbase, the largest compliant exchange in the United States, supports direct US dollar trading, with users exceeding 100 million; 4. Bybit, the world's second in derivative trading volume, launches a liquidity pairing plan; 5. Bitget, the industry-leading copying function, focusing on the Asian market; 6. MEXC Global, focuses on altcoin trading, supports 2,276 cryptocurrencies; 7. Gate.io (Sesame Open), old

The latest links for Ouyi okx platform official latest linksMay 08, 2025 pm 10:57 PM

As the world's leading digital asset trading platform, it has attracted a large number of investors and traders with its efficient, secure and user-friendly experience. Whether you are a first-time cryptocurrency market or an experienced trading expert, Ouyi OKX provides a wealth of trading tools and services to meet the needs of users at different levels. Recently, Ouyi OKX released the latest official link to ensure that users can access the platform safely and conveniently, conduct transactions and asset management.