Compound announced the Compound Chain white paper that supports cross-chain transactions, and will issue the native token CASH

Rhythm BlockBeats news, on December 18, Compound Labs released a new white paper, detailing the new tool Compound Chain.

According to reports, Compound Chain is a distributed ledger that can transfer value and liquidity between peer-to-peer ledgers. Based on Compound Chain, users can borrow and borrow from different blockchains such as Polkadot, Quorum, Solana, and Celo. Export cross-chain assets. Compound Chain aims to complement the Ethereum contract, and plans to issue the native token CASH to pay transaction fees, while COMP still serves as the governance token.

Currently, the development team is developing the test network, which is expected to be released in early 2021, and the developer will be announced soon and validator documentation.

White Paper Link

White Paper

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