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Breaking News: Expert Predicts Bitcoin Price Could Fall To $45,000 By End Of 2026
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Breaking News: Expert Predicts Bitcoin Price Could Fall To $45,000 By End Of 2026

Dojima Foundation Launches Omnichain Web to Simplify Cross-Chain Interactions and Boost Web3 Growth

News BTC
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Last Updated: November 20, 2024 5:01 pm
3 mins read

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Dojima Foundation launches Omnichain Web in a move that is shaped to pave the way for seamless cross-chain connectivity and Web3 growth.

The Dojima Foundation has officially announced that it will launch its Omnichain Web, which is an infrastructure that has been built to go beyond the barriers existing in Web3, especially those of cross-chain connectivity and interoperability. The Omnichain Web is bound to streamline interactions on the blockchain and while at it, pave the way for decentralized applications (dApps) to operate across multiple networks.

Being a part of the broader mission of the Dojima Foundation, the Omnichain Web seeks to create a unified Web3 ecosystem. In line with this, it is worth noting that the Foundation has over 100 protocols already integrated into its framework, implying that it is already a pacesetter when it comes to new standards for how both users and developers will interact with blockchain technology.

Akhil Reddy, the founder of the Dojima Foundation, expressed that the Omnichain Web represented more than just a technological advancement. He highlighted: 

“With the Omnichain Web, we’re not just building technology; we’re crafting the future foundation of Web3.” He was also keen to note the pivotal role of the infrastructure as he also added, “Just as the internet became the backbone for Web2, the Omnichain Web will be the launchpad for user-centric, next-gen Web3 applications. This is where mainstream adoption begins.” 

At its core, the Omnichain Web has several advanced components that have been tailored to make blockchain development more intuitive for all the involved parties. For instance, there is the Builder Marketplace, which will offer a dynamic space for developers to create cross-chain applications using intent protocols, AI-powered tools, and decentralized app integrations.

An addition to the key components is the Omnichain Stack, which functions to connect Layer-2 rollups, sidechains, and Layer-1 protocols. It ensures that interactions between previously siloed networks are smooth and is often complemented by Proof of Network – a verification system that works to maintain the security and reliability of transactions across chains.

The Omnichain Stack is another feature in the Omnichain Web that works in such a way that it connects Layer-2 rollups, sidechains, and Layer-1 protocols, enabling seamless interactions between previously siloed networks. This is complemented by Proof of Network, a verification system that ensures secure and reliable transactions across all chains.

Another standout innovation that is set to roll with the Omnichain Web is the Ragno Network, a Layer-1 aggregator that eliminates the need for conventional bridges. As a feature, it is meant to simplify the developer experience, and as a result, reduce the costs and complexities that are often associated with cross-chain communication.

As an entity, the Dojima Foundation envisions the Omnichain Web as an innovation that will catalyze the next growth of the Web3 space. As such, it has user experience and developer efficiency as priorities and by doing so, it provides support for intent-based protocols and AI agents, ensuring scalability and ease of use for decentralized technologies that are emerging.

As part of its initial roadmap, the Foundation is developing omnichain versions of popular rollup stacks, including Arbitrum Orbit, to further expand its ecosystem. These efforts are evidence of the commitment that the Dojima Foundation has in its bid to foster a cohesive and interconnected blockchain landscape. And by offering an omnichain toolkit and interoperability solutions, the Dojima Foundation has, in a great way, expedited the adoption of blockchain on a global scale.

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