Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Topic started by: kudo94 on August 13, 2020, 11:54:39 PM
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Multi-Native token contract - is a unique contract developed by the Quarkchain team that allows users to issue their own tokens in the Quarkchain ecosystem.
What are the benefits of Multi-Native token technology?
• Multi-Native tokens have the same rights as QKC tokens. Thus, the problem of two tokens with different rights has been solved. Application development has become more convenient.
• Ability to deploy smart contracts, cross-chains
• Ability to pay transaction fees. Token creators can choose whether to equip the token with the ability to pay them a transaction fee.
• Simple procedure for creating tokens
How will a Multi-Native token improve Defi technology?
The Quarkchain team is working hard to deliver the best DeFi product. As you know, DeFi applications built on the Ethereum platform face a number of problems, namely: high fees, low scalability, low security.
With Multi-Native tokens, DeFi technology will receive:
1. Higher level of security
Unlike the ERC-20 standard, if the main network is hacked, your user assets will not be stolen
2. Better User Experience
Everyone can issue their own token, which will have the same rights as QKC
3. Better scalability
Quarkchain has an edge over its main competitor Ethereum as it has more scalability and aims for 10,000+ TPS (roughly 1,000 times faster than ETH)
4. Better Developer experience
QuarkChain multi-native token will lower development costs, allowing more DeFi applications to emerge.
Based on the above, we can conclude that Quarkchain's DeFi solution is very promising and capable of revolutionizing the DeFi field.
Upcoming DeFi bounty company
The Quarkchain team announced that in August there will be a Defi company, within which any user will be able to issue their own Multi-Native token and earn QKC tokens.
Will you take part?