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You are here: Home / Archives for elk

elk

Elk aims to solve cross-chain interoperability issues while staying fully decentralized

December 5, 2022 by Akash Anand

Elk Finance is building decentralized cross-chain infrastructure, allowing everyone to fully break down barriers between blockchains. 

ElkNet, its cutting-edge multi-chain protocol, makes it easy for anyone to move value and exchange cryptocurrencies across blockchains quickly and securely at a low cost. Its flagship product, the ElkNet SDK, enables anyone and everyone to build fully decentralized applications, make completely new or existing tokens instantly cross-chain native and build fully novel cross-chain applications. 

Elk’s novel approach to cross-chain interoperability brings enhanced security for users, minimizing common risks like double spending, block reorganization, or various suspicious activities. ElkNet stands out for its speed in bridging assets and data as its only main limitation is the speed of the blockchains it supports. The cross-chain SDK is fully customizable, backward compatible, fully trustless, and with minimal maintenance to give anyone the power of true blockchain interoperability. 

“The future is multi-chain. ElkNet capabilities will be gradually exposed through our SDK, allowing developers to build cross-chain dApps. Use cases include cross-chain loans, multi-chain index, cross-chain LPs, cross-chain DAOs, wallet integrations, and more.” – Baal, Lead Engineer and Founder of Elk Finance.

In Elk’s current Beta state it is possible to move value across the ElkNet using the ELK token as a cross-chain enabler. ELK is a token that is native to every chain it is on. The future is when any token on the ElkNet can move in the same way. No blockers, no fragmentation. ElkNet makes any token native everywhere.

”Elk brings an approach to cross-chain freedom that solves the limitations of existing bridging solutions. We don’t want to wrap our tokens, we don’t want synthetic versions, we want our utility to be everywhere. When we can move our token across the ElkNet like $ELK does now, the friction is gone, the confusion is gone. One token, one layer of ElkNet bridging, our protocol can truly be without borders. It’s not a bridge it’s an airport, and the sky’s the limit.”

Join in now:

  • Use ELK to move your value cross-chain.
  • Earn by providing liquidity to our multi-chain ElkDex (21 chains)
  • Stake ELK to earn (prepare yourself for node-staking once validators are live – where network profit-sharing comes alive)
  • Join the community and participate in Crew3 missions

Filed Under: Press Release, Blockchain Tagged With: elk, finance

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