KCC, a decentralized, high-performing public chain built by KCS and KuCoin’s fan communities, has officially launched its cross-chain bridge, the KCC bridge. This marks a big step for overcoming the token gap because, as of today, native tokens can freely and interchangeably transact and circulate on KCC.
The goal of the KCC bridge is to come up with connectivity solutions for networks with different protocols, rules, and governance models that can seamlessly transfer their data and assets. To put it another way, with just one click cryptocurrencies will freely flow across their native networks and the KCC blockchain.
The bridge prioritized stablecoins USDT and USDC from Eutheruem to KCC. The gas fee is nonexistent for users when assets are being transmitted in KCC however, no such thing can be guaranteed for other chains, and fees may apply.
Ehtereum and Polygon, despite having a decent-sized ecosystem, face challenging issues when it comes to interacting and operating with other, less mainstream public chains. The interoperability had proven to be slow and inefficient at times. How public chains perform will affect the scalability of the crypto industry.
The pre-bridge silo system prohibits free migration of crypto-assets created on independent chains, thus user experience and assets transfer are not functioning as smoothly as possible. This kind of lack of interoperability can be a stumbling block for the future development of the crypto industry.
KCC, which was built by KCS and KuCoin’s fan communities, is focused on delivering high throughput, low latency, low transaction cost, and adequate security and stability. Developers wanted to create an Ethereum-based, high-performing, and decentralized public chain, and they did on June 16, 2021.
The aim is to provide community users a high-speed, low-cost blockchain service. On-chain data insight shows that KCC block height has reached over 1.2 million, and the number of currency holders addresses has gone up to approximately 25,000. The average block time is stable within 3 seconds.
The next phase of KCC is all about how to enrich the ecosystem further. Until then, KCC public chain Grants launched on June 18, 2021. This will help global developers to deploy and build various tools and Dapps on top of KCC. KCC is currently in the search of ambassadors of expertise from technical and marketing backgrounds.
The further stable development of KCC will affect how many diversified mainstream public chains and their native assets come to the KCC ecosystem.