Odin, a private blockchain that is dedicated to providing users with a surplus of innovations, capabilities, and tech has announced its integration with the Cardano ecosystem.
In a bid to further expand the Odin ecosystem and provide a more efficient and secure multi-chain platform for users, the platform had decided to integrate with Cardano which would see it incorporating the Cardano blockchain with its already incorporated Solana.
Odin blockchain in its unique design guarantees network scalability by restricting the data shared every block, removing extraneous data, and increasing transaction speed. The platform is able to provide a scalable network for users as it makes its blockchain’s activity only accessible to selected users. Thus, it is able to provide enterprises with much-needed project privacy.
Cardano (ADA) being a low-fee blockchain that can handle transactions and smart contracts without a lot of overhead will help improve the functionalities of Odin by means of the partnership.
Cardano’s dual-layer architecture separates computing tasks from settlement procedures, allowing each layer to handle the increased workload. Cardano (ADA) may not be the cheapest cryptocurrency to trade, but it is unquestionably a low-fee coin to transfer and engage with. The new development will provide Odin users access to the cryptocurrency.
Odin Also Partners With OKEx
Following Odin’s plans to integrate with exchanges to streamline integration between the platform and the various exchanges it plans to support for its users, it has decided to collaborate with OKEx, an innovative cryptocurrency exchange that offers advanced financial services.
According to the announcement, the move reflects Odin’s efforts to not only connect with centralized exchanges but to as well extend its connection to decentralized exchanges. The announcement reads;
“The Odin team is working on allowing the platform to support connecting to both centralized and decentralized exchanges; creating a fresh take on the creation of algorithmic decentralized bots.”