- A Layer 1 network dedicated to multi-chain dapps, Router Chain was introduced by Router Protocol.
- The proof-of-stake consensus method employed by the network is built on top of the Tendermint framework.
Project for Interoperability A Layer 1 network has been introduced by Router Protocol to facilitate the creation of decentralized applications that operate on several blockchains.
Through the use of the Cross-Chain Intent Framework, the network, also referred to as the Router Chain, seeks to aggregate liquidity and enable cross-chain interactions.
Using the Tendermint framework, proof-of-stake consensus underpins Layer 1. In addition, it makes use of the native Router token for governance, transaction fees, and security.
The launch of Router Chain demonstrates Router Protocol’s commitment to creating a chain-abstracted ecosystem out of the dispersed blockchain environment, according to Ramani Ramachandran, CEO and founder of Router Protocol.
In addition to the new Layer 1 chain, Router is well-known for running a bridge protocol in a market with rivals such as Across, Wormhole, LayerZero, Axelar, and Synapse.
In 2021, Wintermute, DeFi Capital, Polygon, Coinbase Ventures, and others supported a $4.1 million investment round for Router.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
