ZCN on Sifchain! An Explainer.
We’re excited to announce that ZCN is now available for low-fee DEX trading on Sifchain DEX!
Sifchain is built with the Cosmos SDK, and inherits the cross-chain capabilities of Thorchain. Uniquely, Sifchain uses pegged tokens to support cross-chain transactions across a wide array of blockchains.
In the immediate-term, Sifchain solves the cost problem imposed by Ethereum fees on Ethereum-based DEXes. Over the coming months and years, 0Chain will enjoy more fundamental benefits from a cutting-edge interchain DEX like Sifchain’s. More specifically, in order to facilitate the expansion of our interchain storage solutions (such as our block storage solution to be utilized by validators on major high-speed blockchains), it’s important that ZCN, the native asset of 0Chain, is highly accessible to all major blockchains. The infographic below details the crosschain asset bridging that the Sifchain highway can and will enable for both EVM-based and IBC-based blockchains. Ultimately, growing ZCN on Sifchain will be highly beneficial to achieving our expansion objectives in the blockchain space.