NEWSLETTER
(Press statement – London, United Kingdom, February 11, 2025)
KRNL developer tools coincide with the abstraction of the SIG Network MPC account allow a new infrastructure that eliminates delays, reduces rates and expands interoperability between chains.
Today, KRNL Labs and Say network He announced a new cryptographically insured cross chain bridge to allow perfect multiple interactions. The infrastructure built by KRNL Labs and SIG Network allows digital assets to move between blockchains instantly while reducing rates and eliminating confirmation delays seen in existing bridge solutions. The bridge takes advantage of SIG Networks Multi-Park Computation (MPC) to create flexibility for developers and the convenience for users creating a single deposit in the origin chain and a single retirement in the destination chain.
“The result of this exciting development between SIG Network and KRNL improves the interactions of the transverse chain by providing a safe cryptographic bridge that eliminates confirmation times and reduces rates, which allows the interoperability of blockchain really perfect. There are millions of people who can start using this technology immediately to improve their blockchain interactions, ”said Tahir Mahmood, Krnl co -founder.
The cryptographic bridge built by KRNL and SIG Network maintains security through distributed key management, unlike existing bridge technologies, which are based on third -party consensus mechanisms or messaging networks. Intelligent contracts are not needed in the destination chain, since SIG accounts are used as “liquidity groups.” The only intelligent contract involved is the close protocol contract.
“Sig Network aims to erase the barriers that exist among all block chains today and our work with the KRNL team is a big step in that direction, “said David Millar-Durrant, CEO of Sig Network.” Krnl's investigation into The extension of Blockchain RPC is able to match chain signatures allows intelligent contracts that can understand and interact with the world beyond the chain in which they are implemented. “
In the core of the system is the nft chain keys mechanism, designed to generate multiple key, each capable of administering numerous directions. This approach improves flexibility and scalability for DAPP while rationalizing user interactions. The feature allows owners to issue, revoke and manage use approvals for cross -chain transactions. The SIG network equipment is developing this solution to support compatibility in the main block chains, which allows the nft keys contract to function in multiple networks.
By creating a unified and cryptographically safe bridge capable of admitting any compatible blockchain, Krnl and Sig Network offers developers the infrastructure to build the future of decentralized finances, games and beyond, while minimizing risks, reduce costs and reduces the time to market a whole new class of decentralized applications of multiple chains.
Users can learn more about technologies here and here.
About Krnl Labs
Founded in 2022 by Tahir Mahmood and Asi Ahmad, Krnl Labs was born from a desire to address fragmentation on web3 and the inefficiencies of integrating existing solutions. The co -founders, Tahir and As As, investigated and developed widely an innovative solution at the node level to this problem. Tahir Mahmood is an experienced technologist who began in Microsoft as a technical leader for the operating system and programming languages in 1989. Throughout his career, he has been the inventor of more than 40 patents and has more than 40 years of experience in experience in experience technology. Asi Ahmad has contributed to web3 since 2016. He co -founded the Risk Capital Blockchain Eternal Capital and was previously in Blackrock.
Website | <a target="_blank" href="https://x.com/krnl_xyz?lang=en” rel=”nofollow noopener” data-wpel-link=”external” target=”_blank”>unknown
About Sig Network
Sig.network's Chain signature technology gives each smart contract control over private keys, allowing DAPP to administer any asset in any chain without problems. With intelligent contract accounts that work in multiple networks, users can interact with web3 without having to worry about the barriers between the chains. Built by the team behind the abstraction of the Near chain.
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