Last Friday, Layer One X (L1X) announced a landmark development in the blockchain space by becoming the first layer one blockchain to achieve a decentralized transfer of assets between an EVM chain and a Non-EVM chain. This achievement allows the fast, secure and decentralized transfer of assets between blockchains without the use of bridges. The latest achievement was launched on the Layer One X testnet and will be fully launched once the mainnet is unveiled in August this year.
Layer One X is a new layer 1 blockchain, currently in testnet, that aims to revolutionize decentralized cross-chain asset transfer. According to its website, the platform delivers the ‘Blockchain quartet’ of “interoperability, decentralization, scalability, and security” without compromising one over the other. The latest development, allowing interoperability between EVM and non-EVM chains, is a game-changer for blockchain users and developers, as it removes the need to use bridges.
Speaking on the successful test, Layer One X Founder Kevin Coutinho believes the development will drastically alter the ease of asset transfer across the broader blockchain ecosystem.
"We are excited for the opportunity this presents to allow projects and developers to build asynchronous features on blockchains through a decentralized source of truth,” he said.
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