15 Watchlists
Blockchain Service
MERKLE Price
Contracts/Explorers:
Merkle Network is a Web3.0 interoperability protocol which enables cross chain transfers of blockchain assets and data between multiple blockchains
IDO
29 Oct — 29 Oct 2021
Raised
$ 100.01K
Price:
$ 0.150
Tokens For Sale:
666,666
Platform:
N/A
ATH ROI:
5.07x +407.3%
Merkle Network’s main functionality is to connect multiple blockchains and bridge the gap between the decentralized ecosystem flourishing in these blockchains. Merkle network leverages the use of interoperable oracles to transfer data between blockchains. Just as oracles have successfully connected blockchains with the outside data, Merkle network’s interoperable oracles will connect the blockchains by allowing the flow of information between the chains.
Merkle network is built to be secure and trustworthy through a range of incentives and penalties for the node operators. Merkle Network is being built to support multiple blockchains including but not limited to Ethereum, Binance Smart chain MATIC, Tron, etc. Merkle Network includes two approaches to achieve interoperability to cover a wide spectrum of use cases to be built using this feature. As per the Merkle Network approach the data transmission request can originate from either source blockchain or the destination blockchain.
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