x.com/apecoin” target=”_blank” rel=”noopener”>Attachment currency has recently revealed its plan for ApeChain, a newly introduced blockchain layer within the ApeCoin ecosystem, detailing comprehensive plans to strengthen the platform’s underlying infrastructure.
The plan outlines a multi-faceted approach to improving the ecosystem, focusing on enhancing dApp discovery, providing advanced tools for developers, and addressing scalability challenges by integrating Arbitrum technology.
This development aims to make ApeCoin ($APE) a core asset within the ecosystem and seeks to boost demand for the token as more applications and users interact with the platform.
What is ApeChain?
ApeChain is an upcoming blockchain that was developed to enhance the ApeCoin ecosystem by improving access to dApps and providing tools for developers. ApeChain, which is scheduled to launch in 2024, focuses on three main areas: content, tools, and distribution.
The content pillar includes the launch of an ecosystem website, designed to serve as a central hub for users to discover and interact with decentralized applications on the platform. ApeChain will integrate tools for user onboarding, such as account abstraction and fiat payment gateways, in collaboration with partners such as Halliday, Decent, and Privy.
For developers, ApeChain offers several features, including the Reboot protocol, which adds a gamified element by allowing users to bet on outcomes within the network. Another tool, Native Yield, allows for instant withdrawals of yield-earning assets such as ApeCoin ($APE), ethereum ($eth), and stablecoins, supporting the creation and maintenance of applications.
In terms of distribution, ApeChain is working with established brands such as BAPE and will play a role in Yuga Labs’ Otherside ecosystem. The Otherside Development Kit (ODK) will allow users to engage in nft transactions and other activities within the virtual environment.
Integration with Arbitrum technology
ApeChain will also incorporate Arbitrum’s Stylus feature, which allows developers to use WebAssembly (WASM)-compatible languages such as Rust and C++ to develop smart contracts.
Features like Cluster Chains, which share validators, further improve scalability by speeding up cross-chain interactions.
Another feature called Timeboost will also be introduced which will allow users to pay a fee for transaction prioritization, with part of the fee used to help manage the supply of ApeCoin ($APE).
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