Newscrypto Announces Collaboration With Polygon To Create A Compatible Bridge Between Polygon And The Stellar Ecosystem

Today, Newscrypto is trading at $0.9522 and it jumped 9.80% in the last 24 hours. Recently, Newscrypto stated that it will collaborate with Polygon to develop a compatible bridge that connects the Polygon blockchain to the Stellar ecosystem. Newscrypto will develop XLM wrapped tokens (WXLM) compatible with the DeFi Polygon platform, according to the release; this will be the first Star Polygon bridge. It’s worth noting that Newscrypto NWC’s own coin was first released on the Stellar blockchain, making them a good choice for building a bridge. 20170418120748 shutterstock 546199567 Innovators prefer scalable Layer-2 alternatives to Ethereum and other Layer-1 blockchains, which is why the DeFi Polygon ecosystem is growing in prominence. Polygon and Newscrypto’s collaboration is expected to boost liquidity on the expanding Layer-2 definition platform. Newscrypto has already obtained a grant from Polygon to construct an advanced and low-cost bridge, according to the release. It’s also worth noting that the bridge will allow for almost instantaneous transactions between the Polygon and Stellar blockchains.

Lora Nilsson

Finance and Business reporter After graduating high school. Lora decided to travel and blog as a part-timer. Today she enjoys what she loves and works remotely as our finance and business reporter

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