ShuttleOne: The Metachain-Based Future of Cross-Blockchain Compatibility

Press release

Singapore, December 2, 2021 – Singapore-based ShuttleOne is changing the way distributed applications (DApps) use blockchain protocols with infrastructure solutions. Ready to be the next generation financial services operating system and 3rd website applications, the Singapore Fintech Currency Award winner 2021 has developed the first Metachain. This omnidirectional network generator from a single source enables developers to develop products that work on all blockchains via a uniform interface. ShuttleOne Metachain comes with a range of plug-and-participate tools for decentralized finance (DeFi) that can be easily integrated into any DApp or World Wide Web 3. platform to create a finance solution.

Uniform meta chain

ShuttleOne’s Metachain is an urgently needed solution that opens the door to the development of blockchain-independent DApps from day one. As a multiverse aggregator, Metachain brings the blockchain multiverse together to solve the fragmentation problem associated with the existence of multiple protocols and to share the strengths and weaknesses of the blockchain.

Metachain’s roots lie in the fact that ShuttleOne recognized the challenges companies and products face when trying to leverage multiple blockchain networks to meet their real-world needs. The lack of communication between different networks, combined with different token standards and implementations of the technology, has forced developers to create multiple instances of their DApp on each protocol, making the entire implementation a resource and time consuming process. By aggregating multiple blockchain protocols, ShuttleOne’s Metachain enables developers to create a single DApp instance and connect it to the desired blockchain networks via a single application programming interface.

In addition, ShuttleOne Metachain enables multiple users in industrial, government and consumer segments to take full advantage of various blockchain protocols without compromising on speed, security and decentralization. ShuttleOne also makes different tokens superfluous in order to carry out transactions on participant blockchains. Instead, the platform’s native SZO token is sufficient to carry out all transactions on DApps and in the World Wide Web 3. based on the ShuttleOne network.

ShuttleOne ecosystem for real applications

Metachain is only one, albeit important, part of the ShuttleOne ecosystem. The ShuttleOne team has experience developing decentralized financial applications for government and private institutions and has developed a range of products and services that can be easily deployed to create a DeFi ecosystem. These products include the ShuttleOne multicast bridge, which connects the Tezos, Ethereum and Binance Sensible Chain networks, the decentralized ShuttleSwap multicast fiat link for sending and withdrawing stablecoins to and from bank accounts, an omnidirectional liquidity pool, etc.

The ShuttleOne Multi-Purpose Bridge, which is part of the Metachain ecosystem, is the first of its kind. It is a decentralized two-way bridge that connects three more powerful networks. The bridge does not hold liquidity to facilitate the transfer of assets from one blockchain network to another. Instead, it uses smart contracts to hold the tokens, which makes it safe and resistant to hacks. By using SZO as an intermediary token when executing multidirectional transactions, the ShuttleOne Bridge optimizes liquidity utilization across connected chains by ensuring that liquidity is in the form of native tokens.

Another outstanding product from the ShuttleOne stable is the Shuttle Wallet, an all-in-one wallet for liquidity providers and SZO holders in the ShuttleOne ecosystem. The wallet is linked to an email account and provides additional layers of security to allow users to keep their crypto assets, participate in liquidity pools, and buy and sell fiat based crypto assets, etc.

Tezos and Metachain

The selection of Tezos as one of the supported Metachain protocols is no accident. As a self-modifying blockchain that can adapt to changing requirements and with scalability and low transaction costs, it is an excellent future-proof protocol for DeFi applications. The qualities of Tezos have made it the ecosystem of choice for governments and corporations as they can rely on minimal network disruptions or tricky forks.

As the search for trustworthy blockchain protocols to underpin DApps continues, projects both new and existing are taking over the Tezos ecosystem. With this trend expected to catch on, the early inclusion of Tezos in Metachain should come as no surprise.

For the same reason, ShuttleOne is introducing its SZO token on Tezos. The platform has partnered with Tezos, the first decentralized incubator and fundraising platform in the Tezos ecosystem, to launch SZO through an upcoming first decentralized exchange offering.

The addition of Tezos to Metachain will also benefit the blockchain ecosystem as it will encourage more projects to use Tezos without having to build from scratch. It will also increase the demand for Tezos and Tezos-based assets, including SZO, resulting in a significant inflow of liquidity into the Tezos ecosystem, which will further develop Shuttle’s multimodal liquidity pools.

HongZhuang Lim, CEO of ShuttleOne, presented the partnership between SZO and the Tezos-based company ShuttleOne with Instaraise: “We are seeing that online sales and value models are changing and cryptocurrencies are leading the way in increasing value. Adding Tezos as the main protocol is not only exciting but also technically challenging, and thank goodness the team has great support from the platform. ”

About ShuttleOne

ShuttleOne is a decentralized financial-solutions protocol that utilizes a combination of artificial intelligence and blockchain technologies to solve the fragmentation issues currently plaguing the DeFi industry. It offers a unified, multichain-compatible platform for the development of DeFi and Web 3.0 applications.

Learn more about ShuttleOne

Website: https://shuttleone.network/

Telegram: https://t.me/shuttleoneANN 

Gitbook: https://shuttleone.gitbook.io/step-by-step-guide-to-the-shuttleone-network/

Medium: http://www.medium.com/shuttleone

Twitter: https://twitter.com/shuttle_one

LinkedIn: https://www.linkedin.com/company/shuttleone/

Contacts

Name: Tam Nguyen

Designation: Marketing director

Contact info: tam@shuttleone.network