LONDON, Nov. 29, 2021 (GLOBE NEWSWIRE) — Cryptocurrency challenge Catena X (CEX) has introduced that the CEX token will likely be deployed on the Solana (SOL) blockchain inside a few days. Launching on the Solana blockchain is an important step in reaching Catena X’s imaginative and prescient of delivering a cross-chain protocol that permits customers to transact throughout a number of blockchains. Solana was chosen as a result of it’s scalable and might course of transactions in a short time at an inexpensive value. Along with deploying on Solana, Catena X plans to increase to different blockchains. This contains the Cardano blockchain in January 2022. There have been preliminary plans to deploy the CEX token on the Ethereum blockchain, however this has since been delayed till after the deployment on the Cardano blockchain due to the excessive charges presently incurred on the Ethereum community.
Founder Janssen says, “We’re excited for the way forward for Catena X effectively bridging blockchains. Our providing will present a much-needed utility for the group and permit for seamless transactions throughout a number of blockchains. The Catena X challenge has achieved important progress since launching, and our group has grown drastically in a brief time period – it is actually humbling!”
Catena X’s group has expanded considerably for the reason that challenge’s launch earlier this yr. Catena X can be gaining further recognition after launching a group incentive program, generally known as a bounty marketing campaign, and launching an NFT design competitors the place group members can create and submit Catena X NFT designs for a reward. Catena X additionally has some thrilling options that make it a a lot sought-after cryptocurrency. Because it pertains to governance, group members can place votes, delegate, and add to Blockchain historical past.
About Catena X
Catena X (CEX) is likely one of the newest cryptocurrencies anticipated to rework the world of Decentralized Finance (Defi). It’s a multi-chain switch protocol connecting a number of blockchains and permitting trades and transactions between totally different crypto ecosystems. It’s going to make it a sooner and simpler course of for crypto customers the world over to navigate the market. It was based by Luuk Janssen, a Senior Software program Improvement Engineer and a graduate of The College of Illinois Urbana-Champaign.
Model: Catena X
Web site: https://catenax.org
SOURCE: Catena X