Coldstack

Dear community members! In the ever-evolving landscape of blockchain technology, interoperability and compatibility are paramount for decentralized platforms to thrive. Expanding to other blockchains is a natural part of growth. ColdStack is set to further enhance its capabilities by adding Solana as a supported blockchain.Being blockchain agnostic refers to a platform&#39;s ability to operate seamlessly across multiple blockchain networks, without being tied to any single one. ColdStack is designed to interface with various blockchains, including Binance Smart Chain (BSC), Ethereum (ERC20), and Prom Chain. This flexibility enables ColdStack to leverage the unique features and capabilities of each blockchain while providing users with a versatile and interoperable storage solution.Expanding to SolanaThe decision to integrate Solana into ColdStack&#39;s ecosystem marks a significant milestone for the platform. Solana, known for its high throughput and low latency, offers a robust infrastructure for dApps and smart contracts. By adding Solana as a supported blockchain, ColdStack enhances its scalability, performance, and accessibility, opening doors to a broader user base and new use cases.This move not only solidifies ColdStack&#39;s position as a blockchain-agnostic platform but also holds significant implications for $CLS token holders. Let&#39;s delve into what this expansion means for the ecosystem and its participants.What does this mean to $CLS holders?For $CLS token holders, the integration of Solana brings forth several notable implications.Firstly, it expands the utility and interoperability of the $CLS token, allowing holders to log in using Solana-compatible wallets, make payments, buy services and stake tokens on Solana. This increased utility can potentially drive demand for the $CLS token as more users seek to leverage ColdStack&#39;s services on the Solana network.Moreover, the expansion to Solana could catalyze ecosystem growth and adoption, further enhancing the value proposition of the $CLS token.Minting And Circulation SupplyWe have already announced moving our private blockchain to Solana. Now we’re ready to unveil that the process of minting $CLS tokens on the Solana blockchain will involve creating new tokens that are compatible with Solana&#39;s native infrastructure. These tokens will represent ownership and access rights within the ColdStack ecosystem and will be minted according to predefined protocols and parameters.‼️ADDING NEW BLOCKCHAIN WILL NOT CAUSE THE BOOST OF CIRCULATION SUPPLY! IT IS CONSTANT!When $CLS tokens are moved from one blockchain to another through a token bridge, an equivalent amount of tokens is either locked up or released to maintain supply equilibrium. We strictly monitor that the volume of circulation does not increase. Don’t miss the next article, where we will explain how we maintain a consistent supply across different blockchains.Stay TunedOur decision to integrate Solana into ColdStack demonstrates our commitment to innovation and interoperability within the blockchain ecosystem. By expanding the platform to support Solana, ColdStack empowers $CLS token holders with enhanced utility and access.As the integration progresses and $CLS tokens are minted on Solana, stakeholders can look forward to a more interconnected and vibrant ecosystem, driving value and growth for all participants.Please stay tuned not to miss anything important!Official Website: <a href="https://coldstack.io/" rel="noopener noreferrer nofollow">https://coldstack.io</a>Twitter: <a href="https://twitter.com/coldstack_io" rel="noopener noreferrer nofollow">https://twitter.com/coldstack_io</a>Telegram Announcements: <a href="https://t.me/coldstack_ann" rel="noopener noreferrer nofollow">https://t.me/coldstack_ann</a>Telegram Chat: <a href="https://t.me/coldstackio" rel="noopener noreferrer nofollow">https://t.me/coldstackio</a>Medium: <a href="https://medium.com/coldstack" rel="noopener noreferrer nofollow">https://medium.com/coldstack</a>CoinMarketCap: <a href="https://coinmarketcap.com/currencies/coldstack/" rel="noopener noreferrer nofollow">https://coinmarketcap.com/currencies/coldstack/</a>LinkedIn: <a href="https://www.linkedin.com/company/coldstack/" rel="noopener noreferrer nofollow">https://www.linkedin.com/company/coldstack/</a>YouTube: <a href="https://youtube.com/&#64;Coldstack?si&#61;bZbuwyvDjwHRH9U3" rel="noopener noreferrer nofollow">https://youtube.com/&#64;Coldstack?si&#61;bZbuwyvDjwHRH9U3</a>

ColdStack Expanding to Solana

ColdStack

Autres articles publiés le 8 avr. 2024

Dogwifhat Price Prediction: Is It A Good Time To Buy WIF Near All Time Highs?

Agritech investment gone wrong

Bitcoin crosses $71K, but now there’s a massive cause of worry

Rethinking Crypto Staking: The Impact of Scorpion Casino, Tezos, and Solana

Bitcoin Eyes Break Above $70,000 Resistance Level

NexeraID Joins INATBA To Transform Digital Identity Ecosystem (8 Apr)

Join our free newsletter for daily crypto updates!