Bitkub Blockchain Technology Co., Ltd., is collaborating with LightLink Labs Pte, developer and operator of LightLink, an enterprise-ready Ethereum layer 2 (L2) scaling solution, to develop and integrate an ecosystem alongside DeFi development as part of creating a global blockchain network.
LightLink, an Ethereum Layer-2 blockchain solution, enhances security and decentralization with high-volume infrastructure that delivers 100x faster transactions compared to Ethereum Layer-1. LightLinks unique Enterprise Gas Station feature enables new economic models and business cases, such as friction-free gaming, enterprise grade applications and new financial services.
Additionally, LightLink is EVM compatible, able to deploy Ethereum smart contracts at a cost as low as USD$0.01. LightLink’s native coin is Ethereum, and the Bridge app facilitates secure 1:1 assets transfers ratio between networks.
The collaboration between LightLink & Bitkub Chain further aligns LightLink with the Thai community. The initial phase integrates ecosystems, including the development of data and asset transfer channels between the chains. The utilization of the KUB coin on the LightLink network will become possible, allowing use of KUB coin within decentralized applications (DApps) and activities on the LightLink ecosystem. Bitkub Chain will contribute to and participate in the LightLink ecosystem by developing various components, including data and asset transfer channels (Bridge), decentralized exchange (DEX), and decentralized finance (DeFi) solutions, in alignment with LightLink’s global blockchain network plans. Furthermore, developers from different blockchain ecosystems will have the opportunity to collaborate and create new blockchain solutions for users. Additionally, there will be an integration of LightLink RPC on the Bitkub NEXT wallet to facilitate asset transfers between the two networks.
“Collaborating with LightLink represents a significant milestone in elevating the Bitkub Chain network to a global level, an important step in expanding real-world utility. This move will enable us to serve users worldwide, aligning with our key objective of welcoming users and developers from around the world to join and utilize various DApps and DeFi. We will continually enhance and accommodate new user groups in the near future, significantly increasing our user base in the upcoming times.” said Passakorn Pannok, CEO of Bitkub Blockchain Technology Co., Ltd.
“Our partnership with Bitkub Chain represents LightLinks’ sustained support for Thailand, its vibrant community and the Asian continent at large. We look forward to collaborating with Bitkub Chain to expand on the use cases of LightLink’s blockchain. We welcome the opportunity to share in the Bitkub Chain ecosystem and advance the industry in unison. This progress marks another step in company performance, positioning LightLink as a capable partner for any leading blockchain infrastructure provider.” said Roy Hui, CEO of LightLink Labs Pte.