Cointelegraph Feature: Plug Chain on helping real traditional industries enjoy blockchain technology
Dear Plug Chain fans,
Exciting news! We are featured on Cointelegraph again!
This will mean a lot of exposure for us for more cryptocurrency fans around the world to check out our project and understand better.
Visit this link to read the full article and voice over video by Cointelegraph:
Important Highlights From CoinTelegraph
Mr Joey, the founder of PlugLink Funds talked to Cointelegraph about the objectives and solutions that Plug Chain can provide and how the future of cross-chain technology can help individuals in this industry.
Reason for creating Plug Chain
It is to help real-world industries be able to enjoy blockchain technology. A lot of people are still unaware of how blockchain works and the utility of blockchain. By using Layer 0 as the base layer, Plug Chain is trying to ensure that it is the most basic and fundamental blockchain.
According to Mr Joey, the saying that “Blockchain will be the future for all industries is a myth” widely promoted by cryptocurrency industry key players is not possible if there is no oracle network protocol for traditional businesses. Oracle enables businesses to have all their data on blockchain.
Plug Chain Solutions and Hopes
Plug chain aims to solve this issue and connect those interactions between different data points. “We hope that in the future all these factories can use Plug Chain to record their data and we will help them to onboard it into blockchain so that the consumer and user can easily access the data in a transparent way.
Mr Joey hopes that Plug Chain will make things easier for every country to facilitate digital payments in a seamless manner with cross-chain technology. “One day, all these legal stable currency will be built on blockchain and Plug Chain hopes to service them”.
“Every single digital currency is a chain, and we will cross it together as a plug chain. To ensure that the value is equally transacted, you need oracle network protocol. With this, we’ll become the VISA or Mastercard in the digital currency world.”
Current use cases for cross-chain technology
“Once a cross-chain platform DEX can connect, any single transaction or exchange can be easily done with the cross-chain technology.” To make things simple, Plug Chain allows your data to be interconnected.
What is the difference between Plug Chain and other cross chains?
Polkadot relies on recorded chains and parachains. Once the parachain is finished, that’s it. Plug Chain uses Cosmos(ATOM) for transferring assets across the chain.
Current Work in Progress
If you have paid attention to what’s happening with Plug Chain, you should know that we are busy developing projects with Kingdom Infinity — A Chinese history metaverse game and aiming to have over 50 ecosystems being built on top of Plug Chain by June 2022. All these projects will be using PLUGCN as their gas and transaction fee.
According to Cointelegraph website, it states that the website has around 13.8M monthly visits and it is ranked 1,617 in Alexa — (best ranking among all blockchain technology and crypto media). It also has more than 20 format for audience interactions for tailored solutions to for cryptocurrency fans to connect.
About Plug Chain
Plug Chain is an open-source layer 0 blockchain with a low gas fee and high performance coupled with fast transaction speed. Primarily built for cross-chain use,it allows intercommunication among public chain intelligent contracts such as Polkadot, BSC and Heco through cross-chain technology. The framework of Plug Chain include Application layer, Service Layer, Data layer, Network layer and Bottom layer.
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