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How Blockchain interoperability will reshape life as we know it

There are an awful lot of bad cryptocurrency projects out there. Picking the good ones from the bad can sometimes feel like an impossible task.

Quitram Finance
Image courtesy Quitram Finance
Image courtesy Quitram Finance

This article is Sponsored Content written by a third-party for Quitriam Finance

1Blockchain interoperability allows for the exchange of values and data across different platforms. This is crucial for an effective and streamlined future global economy, built on blockchain technology. Healthcare is a great example.

For example, healthcare services built around interoperable blockchains will be able to share information between separate institutions even in different countries instantly. This is just one transformational facet of interoperability.

2Interoperability is synonymous with innovation. It allows for the development of new applications and services that can be built on top of existing Layer 1 platforms. Even existing Layer 2 applications can aid the creation and development of new ones, driving innovation and creativity in the space.

3 – Blockchain connectivity helps to create more secure ecosystems. When different platforms can communicate with each other, it strengthens vulnerabilities in the partnered networks leading to a safer and more monitored system.

4Interoperable blockchains can help to increase efficiency everywhere, reducing costs. When different platforms are able to easily interact with each other, regardless of the industry, costs of production are likely to fall, having a knock-on effect on the rest of the market. This will ultimately make companies more competitive, increasing product and service quality. 

Quitriam Finance (QTM), the interoperable DeFi needle in a haystack

There are an awful lot of bad cryptocurrency projects out there. Picking the good ones from the bad can sometimes feel like an impossible task. Luckily, Quitriam Finance takes that pain away. 

Like Solana (SOL), one of the most well-established blockchains offering cross-chain functionalities, QTM integrates seamlessly between partnered blockchains for sometimes gas feeless transactions. 

Its DEX – Decentralised Exchange – brings a lot of new cards to the table. Sifting through different blockchains, it finds the best price for a particular transaction instantly. As blockchain and cryptocurrency adoption grows every day, QTM offers a very real and working solution to the future of interoperable cryptocurrencies. Historically, the DEX, such as Uniswap, has been limited to one blockchain, far from any real and working cryptocurrency interoperability.

This not only meant that the total number of currencies available to trade was diminished but the transaction fees and slippage – the difference between the assumed cost and the actual cost of transactions – were fixed. Quitriam Finance’s cross-chain DEX completely changes this.

Can Quitriam Finance share in Solana’s NFT success?

SOL became a household cryptocurrency almost overnight with a revolutionary blockchain allowing for record-breaking transactions per second, transaction costs and finality. 

With already over 73 billion transactions under its belt, SOL has determined itself as the most scalable blockchain around. 

Solana has become the go-to platform for NFT marketplaces due to its incredible transaction speed and reliability. Quitriam Finance offers a cross-chain NFT function where NFTs minted on alternative networks can be used to bolster liquidity pools on the QTM network. 

Curious where to find the Quitriam Finance presale? Check below for more information:

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