CBTC Now Has Fully Upgraded to MicroChains in Pursuit of Delivering More Secure Cross-chain Solutions
As the first cross-chain bridge project in the Cardano ecosystem, CBTC Bridge is now officially announcing a brand upgrade to MicroChains on March 19th, 2022. MicroChains is committed to offering emerging public chains friendly cross-chain solutions with a safer and better user experience, empowering the interoperability of blockchain by the bridge.
As the first cross-chain bridge project in the Cardano ecosystem, CBTC Bridge is now officially announcing a brand upgrade to MicroChains on March 19th, 2022. MicroChains is committed to offering emerging public chains friendly cross-chain solutions with a safer and better user experience, empowering the interoperability of blockchain by the bridge.
Why We Made the Brand Upgrade?
First of all, product brand image is taken into consideration because of increasing product capabilities. After our team released the first version of CBTC on Cardano for a while, we have noticed that CBTC’s product fulfillment ability can not only serve Cardano, but also fuel more public chains including both EVM compatible and Non-EVM compatible chains. MicroChains’s fast support for Non-EVM compatible chains allows us to provide cross-chain services for more on-chain crypto assets not just from Cardano but also Algorand, Secrect Network, Elrond, Tezos, etc. Meanwhile, our team has simplified the cross-chain processing method according to the community feedback. In the upcoming brand-new version 2.0, users just need to collect wallets on MicroChains’s Wrap page and go directly swapping, no complicated KYC actions are required!
Furthermore, the brand upgrade helps us lift project visions and strengthen project recognition. The previous project CBTC shares the same name with BTC, somehow leading to cognitive confusion among users. The team decided to make this brand upgrade and name the project: “MicroChains”. As for “CBTC”, it’s still reserved as the name of cross-chain BTC.
What’s the Meaning of MicroChains?
MicroChains symbolizes our beautiful visions for the cross-chain bridge in terms of its potential values to the blockchain world. “Micro” means that we believe the cross-chain bridge is a small part of the rich ecosystem of DeFi and Web 3.0, but its importance is the same as that of MicroSoft to the current Web 2.0. “Chains” expresses that our team will support more emerging chains and mainstream chains. Ultimately, we hope MicroChains will become the infrastructure of each chain and be the “MicroSoft” in the era of Web 3.0.
What’s the Next After Brand Upgrade?
For the upgraded “MicroChains”, the first thing is to open A-round Funding. The estimated market valuation for A round is 40 million dollars. Here we warmly welcome investment institutions to contact us!
Second but important, MicroChains will launch a simplified version of cross-chain product based on Version 1.0. It’s an easy-to-access and easy-to-use bridge for all other projects and users. On the MicroChains page, users only need to call up the wallet by connecting Metamask (or WalletConnet) and Nami (or ccValut), etc. Then they can complete the cross-chain transfer (supported native assets including $BTC, $ETH, $USDT, $USDC, etc.) from mainstream public chains to Cardano by Swapping. Moreover, this new version is more secure than product V1.0. Except putting asset custody under the charge of a reliable Trust company, MicroChains also assign this creditable custodian as a validator participating in minting verification. This approach perfectly prevents the sole control of asset issuance by the project itself and avoids latent issues caused by asset over-issuance. For more information, please read the whitepaper of MicroChains: https://microchains.network/whitepaper.pdf
In a near future, our team will also support Milkomeda which is the largest EVM sidechain on Cardano. Also, more popular EVM chains and Non-EVM chains will be gradually supported. We would actively collaborate with emerging chains and enrich the blockchain ecosystem with our cutting-edge bridge technology.
No matter former CBTC Bridge or current MicroChains, the Cardano ecosystem is the first place our project built on and the crucial ecology we will always serve. MicroChains believes the DeFi era of Cardano is just in the early rise and there will be more exciting events to come.
Focus on Cardano, more chains will be simultaneously engaged in the cross-chain ecosystem of MicroChains. We aim to access more than 30 mainstream chains and enable seamless cross-chain between any chains in Q4 2022, unfolding a new chapter of the completely free, convenient, and safe cross-chain solutions!
Join MicroChains Community! Follow Us!
Website: https://microchains.network/
Twitter: https://twitter.com/MicroChainsCbtc
Telegram: https://t.me/CBTC_Official
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