What is xPollinate || 10% beneficiary to tron-fan-club

INTRODUCTION

The world blockchain is good but has its own problems and one of the problems is having the ability to relate with other blockchains. For instance, if you have a Dell PC but the PC could only relate to wifi, USB, and all Dell cable, it will be stressful to purchase all the requirements before using the dell PC and that is exactly what blockchain bridge is here to solve.

What is xPollinate?

We all know that the transaction speed of Ethereum is very slow and that is why they created a secondary blockchain in other to reduce the transaction fee. What connect is the Ethereum blockchain and the secondary blockchain is called Bridge and xPollinate is one of the bridge. xPollinate connects the Ethereum blockchain and the secondary blockchain in other to reduce the gas fee and it uses the NXTP protocol that was created by connext.

xPollinate work just like a liquidity pool that let people trade token very conveniently and it also lets people move their coin from one network to another network with a low gas fee. That means you can have your coin in the Fantom network and decide to move to the Polygon network. With the xPollinate protocol, you can move your coin without waiting for several hours to find someone to swap your coin with just like Atomic swaps.

EVM COMPATIBLE

You can use xPollinate on many different Ethereum Virtual machines. The simple way to explain EVM is the blockchain that copies Ethereum codes such as Binance smart chain, Polygon, Fantom, and so on. They also work on non-EVM. On xPollinate, you can move your DAI, USDC, and USDT across different EVM networks.

CONNEXT

Connext is basically the network that developed the xPollinate project and NXTP is the protocol that works on xPollinate. A simple explanation is that IP is a protocol and the internet is the network and Facebook is one of the apps built with help of the network. You don't have to be afraid of using the connext network because it has been audited and they don't have a native token.

Just like how I explained earlier that xPollinate is similar to a liquidity pool, what they do is that when you send your USDT to them with Fantom network, they hold the coin in the pool and they will give the USDT to is Binance smart chain network. Someone else would do the other way around and they will give the person your USDT in Fantom network.

CONNEXT BENEFITS

• TRUSTLESS

They are trustless implies that do not need to trust any trusted party to keep your asset, you only the code on the blockchain to hold your asset and to deliver the precise coin you want.

• FLEXIBILITY

The protocol that works on the xPollinate (NXTP) has the ability to work on any Ethereum Virtual Machine.

• LOW FEE

They offer a very low fee because they don't have to go through layer one like some other solution offers. They don't have to make you go through the Ethereum network before you receive your token in other networks.

ROUTERS

In a simple definition, a router is a name given by connext to their liquidity providers. Anyone can be a router on the connext and they can earn more tokens for providing liquidity. They get the tokens from the small transaction fee paid by the users of the xPollinate. They also have special fee pricing that allows moving an asset from one network that has an excess asset to the order network have a low asset.

NXTP

It is a protocol that allows people to transfer their assets from one network to another. What NXTP protocol is here to do is solve the problem and move assets from one network to another. They enable people to move their coins from one network to another easily with a very low fee.

CONCLUSION

Like I said early, xPollinate use NXTP protocol It allows people to transfer assets from a similar pool to another pool on a different network with just one transaction. This protocol helps a lot because it usually takes a long process before moving funds from one similar pool on one network to another pool on a different network.