Hoichi’s Torii Gateway Takes Shibarium Cross-Chain
The post Hoichi’s Torii Gateway Takes Shibarium Cross-Chain appeared on BitcoinEthereumNews.com. The official third-party bridge of the Shibarium network, Hoichi, has been labeled as one of the fastest-growing projects in the ecosystem. On the podcast hosted by the Shiba Inu lead developer Shytoshi Kusama, Hoichi co-founders Stan and Samantha appeared to discuss recent developments and the role of its latest initiative, the Torii Gateway platform. What is the Torii Gateway Platform According to Stan, the Torii Gateway platform was specifically designed to operate as a utility. The original idea was to connect to multiple blockchain projects or create a network of pathways just as how different countries are connected by roads. While this design improves interaction across platforms, it also ensures that users seamlessly transfer assets between blockchains with flexibility. Speaking on the Shy Speaks Podcast, Stan disclosed that this initiative supports more than 1,500 tokens across over 60 networks. Meanwhile, this could be increased in the future as the team currently plans to expand the bridge even wider. When this happens, users will be able to access different blockchains on the Shibarium network. Adding to this, Kusama lauded the progress of the Torii Gateway Platform, especially its low transaction fees and the enhancement of inclusivity. That’s why I think what you guys are building is actually pretty darn important in the larger scale of what Shibarium can be. The discussion did not end there. The Hoichi co-founders also touched on one of the Torii Gateway’s technologies, dubbed Fusion DCRM technology. Coupled with its role of protecting users including developers and the platform, it was said to also provide massive security to the bridging protocol. According to Stan, the technology leverages different high-profile tools, including group-based and multi-signature protocols, to deliver. To appreciate this even more, he disclosed that unauthorized parties with access to a part of the encryption key cannot…
The post Hoichi’s Torii Gateway Takes Shibarium Cross-Chain appeared on BitcoinEthereumNews.com.
The official third-party bridge of the Shibarium network, Hoichi, has been labeled as one of the fastest-growing projects in the ecosystem. On the podcast hosted by the Shiba Inu lead developer Shytoshi Kusama, Hoichi co-founders Stan and Samantha appeared to discuss recent developments and the role of its latest initiative, the Torii Gateway platform. What is the Torii Gateway Platform According to Stan, the Torii Gateway platform was specifically designed to operate as a utility. The original idea was to connect to multiple blockchain projects or create a network of pathways just as how different countries are connected by roads. While this design improves interaction across platforms, it also ensures that users seamlessly transfer assets between blockchains with flexibility. Speaking on the Shy Speaks Podcast, Stan disclosed that this initiative supports more than 1,500 tokens across over 60 networks. Meanwhile, this could be increased in the future as the team currently plans to expand the bridge even wider. When this happens, users will be able to access different blockchains on the Shibarium network. Adding to this, Kusama lauded the progress of the Torii Gateway Platform, especially its low transaction fees and the enhancement of inclusivity. That’s why I think what you guys are building is actually pretty darn important in the larger scale of what Shibarium can be. The discussion did not end there. The Hoichi co-founders also touched on one of the Torii Gateway’s technologies, dubbed Fusion DCRM technology. Coupled with its role of protecting users including developers and the platform, it was said to also provide massive security to the bridging protocol. According to Stan, the technology leverages different high-profile tools, including group-based and multi-signature protocols, to deliver. To appreciate this even more, he disclosed that unauthorized parties with access to a part of the encryption key cannot…
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