ThinkCoin, the native token of blockchain-based trading exchange TradeConnect, has partnered with California-based 0Chain to help scale their platform’s capabilities using 0chain’s decentralized cloud solutions.
0Chain helps crypto-linked projects create their own chain specific to their needs and optimize their performance. Thus it allows TradeConnect network to process a high load of transactions fast by using both private and public blockchain processing.
The Silicon Valley startup was in the news earlier this year after it managed to raise a hard cap of $39 million without even launching its ICO. Unlike traditional cloud subscription services, 0Chain enables DApps to move their off-chain code and data onto their decentralized compute and storage platform.
TradeConnect, which is aiming to create the world’s largest peer-to-peer multi-asset trading network, will also benefit from the new relationship to support high-frequency trading and secure a low latency environment for its users. TradeConnect currently offers derivative contracts in CFD, Forex, commodities, equities and crypto-trading markets.
The most attractive properties of the 0chain solution are fast transaction speed and integrated storage at zero cost to the TradeConnect ecosystem. 0chain’s self-forking ability will also help to scale the architecture when the number of transactions increases with the introduction of new products and the growth of ThinkCoin’s community.
Earlier in March, , Nauman Anees, who exclusively provided some more details about the project.
Commenting on the partnership, 0chain co-founder Atif Yaqub, said: “0chain is pleased to partner with ThinkCoin bringing blockchain to traditional financial markets. 0chain will provide high frequency on chain transactions, giving a fast and flexible solution to ThinkCoin clients.”
Faizan Anees, Director, and Co-Founder of ThinkCoin added: “Collaborating with 0chain is a great honor and solid proof that our efforts are recognized by the blockchain community. We look forward to exploring the full spectrum of 0chain protocols to make TradeConnect a robust and reliable blockchain-based trading network.”
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