Serving as one of the most trusted decentralized blockchain networks, Electroneum is fast heading towards a new sphere of Decentralized Financing through well-planned integrations and steps. Chris Harrison, the Head of Blockchain, stated that his team is aware of the growing popularity of DeFi apps and decentralized exchanges and so is keenly working on some vital projects to reap in positive results for the community. In an official Twitter post, Electroneum conveyed its plans for DeFi integration and new hiring by stating:
We've got a very exciting #Electroneum update for you all, which includes information on the exploration of DeFi integration. Check it all out at the link below.https://t.co/2ZZDprrVsN #ETN #cryptocurrencies #DeFi
— electroneum (@electroneum) September 11, 2020
Chris added that they are researching on how to facilitate atomic swaps and smart contracts to allow ETN integration into the DeFi industry seamlessly. Electroneum is designing ways to use custom blockchain oracles through smart contracts to facilitate token swaps on the blockchain and decentralized trading portals. Blockchain oracles are protocols that help source data from third-party platforms so that the end-users can get reliable data at their service.
The head confirmed that the team had completed the benchmarking of a simulation of the sub-address-based wallet product. This will enhance the wallet solution efficiency and make the interface more user-oriented and simplified. He concluded that the process’ outcomes are positive and soon implement the users’ full system.
New Members Onboarded
Electroneum has included two renowned crypto experts on their esteemed platform. One of them is a well-known crypto market analyst while the other blockchain expert is an advocate/lawyer. The crypto expert will aid the Electroneum network in proliferating its operations to broader paradigms and promoting collaborative agreements with like-minded entities. The advocate has joined the portal to help Electroneum represent itself at various international forums and make its place in the markets across different regions.
About Electroneum
Electroneum shines as one of the world’s first fully KYC/AML compliant cryptocurrency that is insusceptible to 51% intrusions. It is considered one of the greenest cryptocurrencies and boasts a strong base of over 4 million registered users. This award-winning currency has its network expanded to more than 140 countries. The team has its crypto-friendly smartphone along with a freelance portal named AnyTask for the global audience. The cryptocurrency promotes transparency of operations and is the only portal that facilitates detailed scrutiny for publication and verification of data for the customers.
