Participating in the international Ethglobal Hackathon the DigiU.Lab team began working on a unique product based on Chainlink technology. The idea is to create its own cross-chain swap. The Chainlink technology is used to exchange cryptocurrencies between Ethereum and Binance Smart Chain (BSC) blockchains.
Currently, the only exit point in the BSC blockchain is the Binance swap. After the swap procedure, Binance issues pegged-USDT tokens that have no reliable ground. We plan to solve this issue with a cross-chain swap. It will allow you to decentralise your assets between these blockchains safely, quickly and profitably!
The DigiU.Lab team's project is truly unique. Even Chainlink experts got interested in the product and noted the out-of-the-box approach to using Chainlink's Oracle technology. An oracle is an agent that transfers data from the outside world to the blockchain. In our case, the oracle transmits commands between two blockchains: Ethereum and BSC. It initiates the smart contracts calls of one blockchain from the other one. In the future, this solution will connect all blockchains where Chainlink is present.
Right now DigiU.Lab is in the process of improving the product. The beta version of the product will be available for DigiU partners in 2-3 months.
After the Hackathon, one experienced team of blockchain developers joined the DigiU.Lab team. The team has experience developing projects for the energy, logistics and banking sectors based on blockchain technology and has also created solutions for startups from America, China, Spain and Switzerland. We are now at the stage of a dialogue and are discussing the details of a long-term partnership.
️ Such ambitious achievements and blockchain lab plans will lead to a significant share price increase in the next few months!
We would also like to remind you that from the 1st of April, DigiU shares will cost $0.09.
️ And also very soon DigiU.Lab will participate in a new Hackathon from Chainlink. We will tell you more about it in the next posts!
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