DeFiChain has launched its groundbreaking Ethereum Virtual Machine (EVM) layer, MetaChain, on MainNet, marking a monumental stride towards achieving seamless interoperability between Bitcoin and Ethereum chains. This new EVM layer ushers in a new frontier for seamless cross-chain dApps, beginning the journey toward connecting Bitcoin, Ethereum, DeFiChain, and beyond.
This is the network’s first foray into abstracting away interoperability and accessibility bottlenecks for users. With the MetaChain layer, DeFiChain lets users easily navigate between its UTXO-based core and the limitless possibilities of smart contract chains. The MetaChain layer eliminates interoperability roadblocks, serving as the passport for frictionless cross-chain deployment. This accomplishment is realized through two distinct avenues–one tailored to developers and the other to end users:
- For developers, they can now build using EVM tools that they are familiar with, due to the 100% EVM compatibility in the MetaChain layer. They can also leverage the battle-hardened security model of the native DeFiChain layer, which is backed by over 17,000 masternode validators.
- For end users, the MetaChain EVM layer now makes it easier to interact between native DeFiChain and other EVM-based environments. Users no longer need to worry about understanding the intricacies of different chains when they want to interact with dApps.
“We are excited to observe and keep adding on to the impact of MetaChain upgrade. This adds EVM as one of the first VMs to DeFiChain’s existing UTXO model, enabling a new dimension to Web3 programming models. Multi-VM architecture with isolated domains in the same chain is a key evolution to both the security and interoperability of the next generation of web3 apps,” said Prasanna Loganathar, Head of Blockchain Engineering, DeFiChain Labs.
In the coming phases, the DeFiChain Labs team is engaged in introducing a host of fresh features and enhancements to the blockchain. The focus is on more features to make dApp building simpler and more trustless, along with unique automations unseen in other blockchains. In the future, native taproot support will allow developers and end users to access and interact with previously siloed networks like Bitcoin, without the need for complex and costly pathways. Along with this, other areas that will be explored include additional virtual machines, trustless bridging, cross-chain sharding, and more.
“With the foundational elements of MetaChain upgrade, we are one step closer to a new generation where DeFiChain is able to natively speak other protocols and to other chains. This sets an empowering tone for builders and users to interact seamlessly across blockchains with transferable knowledge, regardless of languages or VM constructs. We are making significant strides towards a truly unified web3 ecosystem,” added Loganathar.
“We are also dedicated to nurturing the growth of our ecosystem by going beyond the web3 community. This includes supporting more cross-chain functionality, continued product engineering, and core dApp building. We also plan on empowering our developer community through hackathons and grants, while supporting them through educational initiatives and strategic partnerships.”
To catalyze developer adoption and showcase the MetaChain layers’s potential, DeFiChain Labs has recently entered into several strategic partnerships, including:
- A partnership with Devfolio, a leading hackathon organizer in Asia, to run a hackathon for developers to create solutions for the DeFiChain ecosystem. More details about DevHack 2023 can be viewed here.
- A partnership with Learn & Earn platform, StackUp, to launch a Learn & Earn program designed to equip developers with the necessary tools and skills to leverage the limitless possibilities of the MetaChain layer.
If you are interested to learn more about the MetaChain layer and get involved in the DeFiChain community, please visit https://defichain.com/metachain
DeFiChain is a blockchain dedicated to fast, intelligent and transparent decentralized financial services, accessible by everyone. DeFiChain has unveiled its MetaChain layer, which offers unrivaled innovation and interoperability, without compromising on scalability or security. MetaChain is for building dApps on the world’s largest blockchains.
About DeFiChain Labs
Born from the union of core contributing teams to DeFiChain, DeFiChain Labs builds growth strategies, organizes ecosystem-enhancing initiatives like hackathons and collaborations, and manages blockchain engineering for the DeFiChain and MetaChain layers.