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eXeBlock Technology (OTC:EXXBF) Sidechain DApp fosters value transfer between blockchains

Tony Zerucha

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Sidechaining is any mechanism allowing tokens from one blockchain to be used securely within a completely separate blockchain —but moved back to the original chain, if necessary.

eXeblock’s Sidechain DApp enables transfers from the Bitcoin blockchain to the PeerPlays blockchain without any centralized entity in the form of a unified server. With continued development, the DApp can be easily modified to facilitate transfers on any DPOS blockchain such as EOS, Steem, Bitshares and other blockchains. The Cross Chain Consensus Protocol ensures the communication between blockchains maintains a decentralized mechanism for superior security and connectivity of blockchains regardless of their consensus. Some of the applications include enabling DApps in one blockchain to utilize a crypto-currency in another or enabling blockchains to scale their transactional capabilities.

“I’m excited to be part of a blockchain company that has already built assets that have significant value. With the right partners and strategy, these assets are ready for deployment to ensure our path to revenue generation and profitability,” said Jamie Davison, president and CEO of eXeBlock Technology.

The material is not to be construed as an offer or a recommendation to buy or sell a security. See full Terms of Service.

Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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