Infinex Partners with Near Foundation over Chain Signatures
Infinex to Integrate Chain Signatures into DeFi Protocol Portfolio
Singapore-based Infinex, a provider of decentralized finance (DeFi) solutions across multiple blockchain networks, on February 1, 2023, announced a partnership with the Near Foundation, a Swiss non-profit organization supporting the development of the Near Protocol network to integrate Chain Signatures into its DeFi protocol portfolio.
Protocol Security and Scalability
Chain Signatures will enhance the security and scalability of Infinex's DeFi protocols by enabling faster and more efficient transaction processing without compromising security. Developers can leverage the technology's benefits to create innovative DeFi applications on the Infinex platform.
Benefits of Chain Signatures
- Accelerated transaction processing
- Enhanced security measures
- Simplified onboarding for new users
Chain Signatures: A Revolutionary Advance
Chain Signatures is a groundbreaking technology that utilizes a new cryptographic technique called "threshold signatures." This advanced method allows multiple parties to contribute to a digital signature without revealing their individual private keys. The result is a highly secure and efficient signature scheme that is ideal for high-throughput blockchain applications.
Infinex's DeFi Expertise
Infinex brings extensive expertise in DeFi protocol development to the partnership. Its team of experienced engineers has a proven track record of creating innovative and user-friendly DeFi solutions. By integrating Chain Signatures, Infinex aims to strengthen the security and scalability of its DeFi offerings, enabling users to engage in decentralized financial activities with greater confidence.
Near Foundation's Support
The Near Foundation is committed to supporting the growth of the Near ecosystem and fostering innovation within the blockchain community. Through this partnership, the foundation will provide Infinex with technical assistance, resources, and access to the Near developer community. This collaboration will accelerate the adoption of Chain Signatures and contribute to the advancement of the DeFi industry.
Conclusion
The partnership between Infinex and the Near Foundation marks a significant step towards enhancing the security and scalability of DeFi protocols. By leveraging the power of Chain Signatures, Infinex is well-positioned to empower developers and users to explore the full potential of decentralized finance. As the DeFi landscape continues to evolve, this collaboration sets a precedent for innovation and collaboration within the blockchain industry.
For more information, please visit the Infinex website or the Near Foundation website.
