AGC revises its Ethereum integration strategy, exploring deBridge for a secure, multi-chain solution. Decision expected next week.
Author: Tanishq Bodh
Written On: Sat, 16 Nov 2024 08:38:19 GMT
AGC has provided an update regarding its planned Ethereum integration, citing a shift in strategy due to concerns over security and high gas fees. Initially scheduled for earlier this week, the deployment of $AGC on Ethereum was paused after challenges arose with building a custom bridge.
According to AGC, the decision to pause stemmed from risks associated with developing their own bridging mechanism. High gas costs and potential vulnerabilities led the team to explore alternative solutions.
AGC has now entered discussions with deBridge, a cross-chain interoperability platform. The team stated that deBridge’s established infrastructure could streamline the integration process, potentially connecting AGC to multiple blockchains, including Ethereum, Solana, and Base.
If adopted, deBridge would allow AGC users to:
The AGC team expects to finalize its decision on deBridge integration next week and has assured users of regular updates. For now, they emphasized that security and reliability remain the primary considerations driving the process.
Real voices. Real reactions.
Add your reaction to this story:
Our Crypto Talk is committed to unbiased, transparent, and true reporting to the best of our knowledge. This news article aims to provide accurate information in a timely manner. However, we advise the readers to verify facts independently and consult a professional before making any decisions based on the content since our sources could be wrong too. Check our Terms and conditions for more info.
Ripple Confirms MiCA License Pursuit for EU Expansion
US CPI Hits 2.7%, Rate Cut Hopes Fade as Inflation Surprises
Crypto Firms Race Toward National Trust Bank Status Amid Push for Institutional Credibility
SUI Rallies 10% as Bitcoin Integration and ETF Hopes Boost Investor Confidence
Ripple Confirms MiCA License Pursuit for EU Expansion
US CPI Hits 2.7%, Rate Cut Hopes Fade as Inflation Surprises
Crypto Firms Race Toward National Trust Bank Status Amid Push for Institutional Credibility
SUI Rallies 10% as Bitcoin Integration and ETF Hopes Boost Investor Confidence