Pioneering the future with omnichain solutions: XGo ID and TapiocaDAO share insights
The Web3 landscape is undergoing swift evolution, with omnichain solutions emerging as vanguards poised to redefine the crypto world. Just recently, Cointelegraph hosted an AMA session to discuss the potential of omnichain solutions and their impact on crypto mass adoption.
This engaging conversation featured two distinguished guests –– Josh Cowell, head of product at XGo ID, and Matt Marino, co-founder of TapiocaDAO.
The discussion began with a deep dive into the distinctions between cross-chain, multichain and omnichain technologies. Cowell and Marino highlighted the significance of omnichains in furnishing a mega-multichain ecosystem, seamlessly linking all chains without bias toward smart contract technology.
This comprehensive strategy holds the potential to tackle the blockchain trilemma head-on, alleviating the challenges of interoperability, sometimes exorbitant fees and vulnerabilities to breaches that cross-chain and multichain solutions frequently encounter.
Following that, Cowell and Marino focused on the emerging use cases that omnichain solutions are ushering in. Notable mentions were made of omnichain protocols such as LayerZero, as well as omnichain liquidity marketplaces including Level, both standing as promising examples.
However, a consensus emerged from both experts, highlighting the necessity for continued advancement to fully unlock the potential of omnichain protocols and smart contracts. The central themes of accessibility and efficiency took center stage, with Cowell directing attention toward XGo’s flagship offering, XGo ID, which maps multiple wallet addresses in one place to simplify crypto-payment management.
He drew a parallel to Tapioca, which brings liquidity into one place, again simplifying
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