San Francisco, United States / California, July
10th, 2024, Chainwire
Revolutionizing Multi-Blockchain
Coordination with Seamless User Interactions
Agoric, a layer 1
blockchain designed for chain abstraction, has today announced the
roll-out of its Orchestration API. With this new toolset,
developers can create next-gen Web3 applications that seamlessly
coordinate digital assets and services across multiple blockchain
ecosystems. As a result, users can now benefit from one-click
interactions that can deploy their liquidity and access multiple
blockchains in a uniform fashion.
With over $2 trillion in liquidity
fragmented across different blockchains and their ecosystems
(Ethereum, Solana, L2s, L3s, app-chains, sovereign rollups, subnets
and more), users are too often left with complex, arduous
experiences in Web3. Many have tried to solve this fragmentation
issue by launching bridges and interoperability solutions, however,
the experience is still limited due to the lack of programmability
with existing solutions. Even simple use cases like paying with
assets on one blockchain for services on another one require
multiple user actions and signatures, leaving crypto assets trapped
within isolated silos.
Orchestration changes the game for
multi-chain use cases:
- For users, orchestration enables real chain
abstraction: experiences that cross chains have the simplicity they
demand.
- For developers, orchestration offers
cross-chain programmability thanks to a multi-block execution
environment and simple JavaScript APIs to manage accounts and
assets on remote chains.
- For the Web3 ecosystem, orchestration provides
composability across protocols to unlock liquidity, regardless of
the native chain.
Commenting on the API launch, Dean Tribble, CEO
of Agoric Systems, said: “We are excited to offer a
platform that enables rich, one-click user experiences that unlock
new economic opportunities across multiple chains. Currently in
Web3, even simple tasks demand too many actions and too much
finicky expertise by users. Agoric Orchestration brings unique
technology to developers so they can bring their applications into
the next generation of Web3.”
Interchain trading terminal Calypso will leverage Agoric Orchestration to launch
their staking widget. With just one click, users can stake into any
IBC-enabled chain from almost any starting token (ETH, SOL, etc.).
Normally, this process of cross-chain staking could take the user
six separate steps including multiple signatures, but with Agoric
Orchestration, it’s only one action.
Commenting on the integration, John DiBernardi,
Co-Founder of Calypso, said: “When it comes to executing
actions across multiple blockchains, Agoric Orchestration is simply
unmatched. We’ve been able to simplify time-intensive and
incredibly frustrating DeFi tasks into a one-click experience that
both users new to DeFi and those that are seasoned will greatly
appreciate.”
Builders ready to orchestrate the
multi-chain can apply for Agoric’s Early Access Program, offering
personalized technical support, financial incentives, and early
access to new features. Apply today at agoric.com/eap.
Dean Tribble, CEO of Agoric Systems, is
available for interview on request
About Agoric
Agoric is a layer 1 blockchain for orchestration. In the
fragmented blockchain landscape, Agoric brings orchestration to
Web3 to solve the chain abstraction challenge and foster
composability and true interoperability that unlock a new era of
universal liquidity.
Agoric is the brainchild of renowned computer scientists, Dean
Tribble and Mark Miller. Their
groundbreaking work in secure computing and distributed systems
laid the foundation for Agoric's innovative technology.
For more information, users can visit Agoric's: Official Website |
Twitter (X) | Discord | Linkedin
Contact
Senior
Consultant
Alissa
Karpick
Wachsman
agoric@wachsman.com