Analog Introduces Mainnet Launch of Its Interoperability Solution

Twitter icon  •  Published il y a 3 jours on December 24, 2024  •  Hassan Maishera

Analog, an interoperability solution, has launched its mainnet, empowering developers to build sophisticated multi-chain applications.

Analog Introduces Mainnet Launch of Its Interoperability Solution

Analog, an interoperability solution, has announced its mainnet launch, marking a milestone in blockchain interoperability by enabling developers to build sophisticated multi-chain applications. 

In a press release shared with Cryptowisser, Analog said the initial Proof-of-Authority (PoA) version, live on December 23rd, serves as a foundation for upgrades like Nominated Proof of Stake (NPoS) consensus, cross-chain messaging, and data queries by its Token Generation Event (TGE). 

This latest development comes after a successful testnet with 345,000 accounts and over 1.9 million cross-chain datasets created. Analog supports projects like Frax Finance, XYO, and Parami Protocol, offering tools for cross-chain smart contract execution. 

With over 50 projects committed to building on Analog, its mainnet aims to streamline multi-chain development and usher in the next wave of decentralized applications.

The mainnet went live with block production on December 23rd. The initial version of the mainnet is a Proof-of-Authority (PoA) network that will serve as a template for additional runtime upgrades, adding all of Analog’s core functionalities by the Token Generation Event (TGE). These functionalities include a Nominated Proof of Stake (NPoS) consensus mechanism, cross-chain messaging, cross-chain data queries, and more. 

Analog revealed that the mainnet launch follows a successful three-phase testnet, ensuring core features are fully optimized and allowing developers to provide valuable feedback. The mainnet also introduces a decentralized and interoperable layer that enables developers, protocols, and users to experience true cross-chain solutions.

Analog is a one-stop shop for interoperability. It aims to provide all the tools for a developer to easily create any cross-chain app within its tech stack. It supports developers in creating sophisticated applications that react to events across the entire multi-chain ecosystem. With over 50 projects across multiple verticals building or committed to building with Analog, the ecosystem is rapidly expanding, demonstrating the ease of integrating with Analog’s suite of tools.

Some examples of projects building with Analog include: 

  • StationX: StationX, a platform for multi-chain DAO creation and management has leveraged Analog’s Automation workflow to simplify complex processes across multiple chains, from automated fund distribution to trigger-based actions, making DAO management more efficient and user-friendly.

  •  Parami Protocol: Pioneers in merging decentralizing AI Agents with blockchain technology. Among other integrations, Parami is using Analog to allow their AI Agents to interact with a community, such as various memecoin communities, that spans across multiple chains.

  • Frax Finance: Frax Finance, one of the largest decentralized stablecoins, will leverage Analog Watch to send real-time oracle data for their primary implementations (Frax-wEth and FXS-wEth) to get a true price of FXS-USD across all integrated blockchains, enhancing transparency and data accuracy. In addition, VeFXS holders can vote on governance decisions on all chains where VeFXS is held. 

  • XYO: XYO is the original DePIN, offering industry-leading geo-location technology. By utilizing Analog’s cross-chain technology, developers and companies alike can benefit from more accessible DePIN-backed data. 

  • Vemo Network: Transforming locked crypto assets—such as vesting tokens and staking rewards—into tradable NFTs using ERC-721 and ERC-6551 standards. Vemo uses Analog to lock assets across multiple chains that can later be represented as NFTs.

According to the team, its extensive testnet campaign attracted over 12M website visits, resulting in over 345,000 participating accounts. In Analog Watch, one of Analog’s developer tools, which can be likened to The Graph, but for cross-chain data, users have listed over 290,000 smart contracts across multiple chains, creating over 1.9M data sets from these smart contracts. 

Furthermore, over 42,000 users have already completed Proof of Humanity (PoH) verification, a process with Intract that ensures real users. This guarantees a strong user base that will begin interacting with the mainnet from day one. Analog expects this number to increase significantly by TGE.

Analog is a secure, one-stop interoperability hub for multi-chain and cross-chain solutions. It enables developers to build and deploy dapps seamlessly across all chains. As a natively chain-agnostic protocol, Analog is well-positioned to streamline the multi-chain experience, allowing dapps and users to expand to new blockchain networks.

 

Bitget Announces Token Merger, BGB Price Soars Amid Market Declines
Next article Bitget Announces Token Merger, BGB Price Soars Amid Market Declines

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.