Jelly Swap Provides Swap Bridge to XDC Network

UTC by Julia Sakovich · 3 min read
Jelly Swap Provides Swap Bridge to XDC Network
Photo: Jelly Swap

Jelly Swap is a DApp through which the interoperability problems in blockchain transactions could be solved.

Decentralized exchange Jelly Swap offers a swap bridge to the XDC network to allow users to swap XDC with ETH and BTC. This platform allows cross-chain, instant token swap, supported by atomic swap technology.

XinFin supports all decentralized ecosystems in which the XDC platform has complete authority over their funds. This network contains a number of use cases that include BlockDegree, which finances students’ blockchain education in a decentralized manner.

TradeFinex is XinFin’s flagship app. For Trade Finance creators, this is a peer-to-peer decentralized platform to distribute deals to a wide range of bank or non-bank funders. Moreover, this platform enables MSME’s to seek funding. It will destroy the escrow smart contracts to fund the infrastructure projects.

Financiers and beneficiaries can record payment obligations on the blockchain through TradeFinex. This is designed to create a seamless financial experience without borders or barriers.

Jelly Swap CEO Tito Titov said:

“Our goal is to give exposure to the best technology in the blockchain space that can make a real difference in the future. We are excited to add a bridge to one of the fastest-growing networks in the DeFi space that solves the scalability and high fees issues.”

Few steps to Swap XDC on Jelly Swap:

  1. Visit the Jelly Swap website.
  2. Within the section ‘Receive’, search for XDC to get it for Bitcoin or Ethereum.
  3. Connect your Metamask wallet if you swap.
  4. Use XDC compatible Brain wallet.
  5. Just enter the amount of ETH you need to swap and then click on the swap.
  6. Wallet will receive the XDC.
  7. You can also withdraw XDC to cold storage wallet

Jelly Swap is a DApp through which the interoperability problems in blockchain transactions could be solved. Swapping between various blockchain is possible. This platform does not hold users’ assets in its custody. The platform founders are Tito Titov and Krasimir Raykov. In November 2019, the public testnet was launched while the mainnet went live in January 2020.

Even more, XDC Network is a smart contract compatible, hybrid blockchain network, which supports 2000+ TPS, with low fees and two second confirmation times. As a whole, this offers multi-dimensional solutions, ranging from robust KYC/AML protocols to Masternode implementation toolkits.

Furthermore, this is an enterprise-ready blockchain, well-positioned to appeal to institutions finding to engage with blockchain technology. The hybrid architecture of this network aims to combine the best of both private and public blockchains. However, maintaining both a permissioned private and a permissionless public state. The network runs on the XinFin delegated proof of stake consensus (XDPoS) between trusted master nodes.

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Julia Sakovich
Editor-in-Chief Julia Sakovich

Having obtained a diploma in Intercultural Communication, Julia continued her studies taking a Master’s degree in Economics and Management. Becoming captured by innovative technologies, Julia turned passionate about exploring emerging techs believing in their ability to transform all spheres of our life.

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