The first omnichain meme foreign money is named OmniCat. The cryptocurrency with a cat motif is exclusive in that it may well transfer throughout seven completely different crypto ecosystems with out affecting its worth. In phrases of market cap worth, OmniCat is the fifth identify amongst cat-themed meme cash.
The proprietary structure of OmniCat relies on the LayerZero protocol. With the assistance of this blockchain know-how, a number of networks are related to type a single, purposeful system. The basis of OmniCat’s strategy is a set of sensible contracts for each chain it operates on. Oracles and off-chain validators hyperlink these contracts, also called LayerZero endpoints. Relayer and Oracle elements ship the data to the next chain within the lineup after verifying that each transaction is validated on its chain of origin.
The ultimate product is a cryptocurrency that will exist concurrently on a number of blockchains. OmniCat can simply transition between a number of chains and is totally interoperable. It permits customers to maneuver their belongings throughout EVM chains and different chains with out the necessity to convert them from one token to a different.
Price | $0.0006258 |
Market Cap | $26,101,025 |
All-Time High Price | $0.004581 |