ChainCatcher news, according to The Block, the Router Protocol supported by Coinbase has launched the Layer 1 blockchain Router Chain.It is reported that the chain is based on a proof-of-stake consensus using the Tendermint framework, aiming to aggregate liquidity and facilitate cross-chain interactions through a cross-chain intent framework.

ChainCatcher news, according to Decrypt, the cross-chain interoperability protocol Router Protocol has announced the completion of a new round of financing, with the specific amount not disclosed. The new funds will be used to promote its operational Layer1 blockchain Router Chain, thereby distancing itself from the Binance and Polygon ecosystems. It will also support its provision of cross-chain services for Ethereum and BNB Chain, and expand cross-chain capabilities to more networks.

ChainCatcher news, the cross-chain infrastructure project Router Protocol will launch Router Chain, a Layer 1 blockchain developed based on the Cosmos SDK, aimed at solving cross-chain communication issues.According to reports, Priyeshu Garg, co-founder of Router Protocol, stated that DApps can be built directly on Router Chain and have interoperability with each other. (source link)