Nodle is #ComposableWith Acala thanks to a recent XTokens integration
We are pleased to announce that Nodle will be integrating Acala’s XTokens pallet in our Parachain codebase to support sending and receiving Nodle Cash tokens between other chains such as Acala Network, Laminar, and more.
Acala is the all-in-one DeFi Hub for Polkadot. The team is also building Karura, which aims to be the DeFi hub of Kusama Network.
Over the past 6 months, Polkadot has proven itself to be a powerful network to watch. This is due in part to Polkadot’s built-in flexibility, scalability, and security.
There’s been a ton of excitement around Polkadot’s upcoming crowd loans as well, which would allow Parachains to join the Polkadot relay chain.
For Nodle, becoming a Parachain would unlock incredible value for our continued growth, shared security, access to the Polkadot ecosystem, and it’ll give the Nodle Network greater exposure to the crypto community.
Securing a Parachain slot will more specifically help with:
- Access to the DeFi ecosystem for Nodle Cash, including compatibility with lending products
- Access to DEXes (Decentralized Exchanges)
- Exposure for non-Nodle Cash token holders to Nodle Cash, where they can have it in their wallet without leaving their preferred chain
- Polkadot’s community of developers can help grow Nodle’s services and further decentralize the network.
- Nodle developers will gain greater exposure to the capabilities and features of other Parachains on Polkadot.
About Nodle
Nodle is the decentralized IoT (Internet of Things) network of Polkadot, providing secure, low-cost connectivity and data liquidity to billions of IoT devices. The Nodle Network is powered by millions of Bluetooth-enabled smartphones that earn Nodle Cash for providing connectivity to nearby Bluetooth-enabled IoT devices and sensors. Nodle’s powerful IoT stack allows for various use cases including connecting and securing physical assets, tracking lost or valuable items, capturing sensor data, security certificates, providing insights for consumer electronics manufacturers, enterprises, smart cities, and the finance industry, and much more. In just two years, Nodle has built one of the world’s largest wireless networks, adding 6,000 base stations per day. Join #TheCitizenNetwork by downloading the Nodle Cash app for iOS or Android.
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About Acala
Acala is the decentralized financial hub and stablecoin of Polkadot that makes it fast and easy to use or build financial applications, improving trading efficiency and saving time. The platform offers a suite of financial primitives: a multi-collateralized stablecoin backed by cross-chain assets like Bitcoin, a trustless staking derivative, and a decentralized exchange to unleash liquidity and power financial innovations. Acala is the de facto open platform for finance applications to use smart contracts or built-in protocols with out-of-the-box cross-chain capabilities and robust security.
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Nodle is Now #ComposableWith Acala was originally published in Nodle on Medium, where people are continuing the conversation by highlighting and responding to this story.
