ContractLand Achieved Two-Way Cross-Chain Transfer between the Ethereum and the Terra Chain Test-Net

6 VIEWS

SAN FRANCISCO–(BUSINESS WIRE)–$ETH #blockchain–The ContractLand
core development team successfully developed a world-leading technology,
where all ERC20-compliant tokens and Ether, can be transferred freely
between Ethereum and Terra Chain. The team also announced that this
technology would be advanced in a short term to support cross-chain
transactions on other EVM-based public chains.

The ‘Terra Bridge’ technology is the key breakthrough for Decentralized
Exchange (‘DEX’). It solves the two major problems of DEX. Current DEX
lacks cross-chain transaction ability and only supports exchange of
tokens issued on a single public chain, which leads to poor token
liquidity. Secondly, the settlement of transaction is very slow due to
performance limitations of public blockchains. With ‘Terra Bridge’,
fast-settled and cross-chain trades could be achieved by transferring
tokens issued on public chains to Terra Chain, where transaction
processing is optimized.

“The completion of the Terra-Bridge is the first step in our vision to
provide liquidity to digital assets globally in a decentralized manner.
Building on this foundation, we look to add support for more networks
such as Bitcoin and EOS to the bridge in our upcoming releases,” said
Peter He, Co-Founder of ContractLand.

ContractLand aims to be a global provider for liquidity of digital
assets, backed by Terra Chain, which is a high-performance blockchain
developed by ContractLand for distributed transactions.

For more information, please visit ContractLand.io

About ContractLand

ContractLand aims to be a global provider for liquidity of digital
assets. The core team of technology development consists of graduates
from the University of Toronto, with Peter He leading the development
efforts. Terra Chain is a high-performance blockchain developed by
ContractLand for distributed transactions.

Contacts

Crypto PR
Mohanned Halawani, +971 55 467 2990
Founder, CEO
mohanned@crypto-pr.io
T:
@MohannedCryptoPR

Do you think you can beat this Sweet post?

If so, you may have what it takes to become a Sweetcode contributor... Learn More.


Discussion

Click on a tab to select how you'd like to leave your comment

Leave a Comment

Your email address will not be published. Required fields are marked *

Menu