Multichain update: MULTI Live price, price chart, news and markets

The MULTI price update as of now is $0.4518. In the previous 24 hours, its trading volume was $24,909, and its value has increased by 428.27%. As of now, MULTI's live market cap is $8,749,076, and it is ranked as the #1297 on the Coincu. MULTI has a circulating supply of 100,000,000 and a maximum supply of 100,000,000.

Introduction to Multichain (MULTI)

Multichain is a Cross-Chain Router Protocol (CRP) developed by Anyswap on July 20, 2020. Its main purpose is to facilitate communication between different blockchains. Each blockchain has its own unique features, community, and development ecosystem.

Multichain stands out for its exceptional security, speed, and user experience. It offers solutions that enable seamless collaboration among various blockchains. Many popular networks have already been integrated into Multichain, with others in the process of integration.

Benefits of Multichain for Blockchain Projects and DeFi

Multichain supports over 1,350 tokens, providing significant advantages and competitive services to blockchain and DeFi projects. Here are some key benefits:

• Multi-chain token compatibility: By partnering with Multichain, new projects can easily connect their tokens to multiple blockchain ecosystems.
• Free listing: Projects can submit listing requests independently through the official Multichain website, with no listing fees.
• Rapid deployment: Successful projects can be implemented within 3 days to 1 week.
• Easy integration: Multichain CRP enables seamless integration with project applications through cross-chain services.

Supported Blockchains in the Multichain Network

Currently, Multichain has established routing channels between 25 blockchains, enabling seamless interaction and asset transfer between these ecosystems.

How does the Multichain Cross-Chain Bridge work?

A Cross-Chain Bridge serves as a link between two blockchains. Tokens are sent to a decentralized management account on the original chain, and Smart Contracts on the destination chain mint tokens in a 1:1 ratio based on the tokens held in the account. The process works as follows:

When a new bridge is created between two blockchains, MPC nodes establish a decentralized management account to hold the assets. This account is controlled solely by MPC nodes.

MPC nodes also connect to a Smart Contract on the destination chain for Wrapped Assets. This Smart Contract, created by a third party or the Multichain team, mints new tokens on the target chain or burns them when assets are converted back to the original chain.

MPC nodes oversee the decentralized management account and activate the Smart Contract when new tokens are involved.

If assets are redeemed, MPC nodes activate the Smart Contract for Wrapped Assets to burn tokens. The MPC node then releases the assets from the decentralized management account and transfers them to users on the original chain.

Multichain Roadmap

Business Expansion

• Support for additional chains and crypto assets.
• Promotion of blockchain ecosystem innovations.
• Facilitation of multi-party interoperability in Web 3.0.

Technical Upgrades

• Support for Cross-Chain Contract AnyCall by third-party developers.
• Research on a public MPC blockchain network, providing public trust services.
• Collaboration with leading academic institutions to upgrade trusted computing and MPC network studies.

Ecosystem Enhancement

• Introduction of incentive programs to support Web 3.0 innovations, partnerships, and communities.
• Global expansion of the Multichain community and strengthening of DAO governance.
• Development of a global CRP (Cross-Chain Router Protocol) ecosystem.

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