{"id":39514,"date":"2024-10-14T14:59:32","date_gmt":"2024-10-14T14:59:32","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/crossfi-launches-evm-compatible-mainnet-paving-the-way-for-web3-payments\/"},"modified":"2024-10-14T14:59:32","modified_gmt":"2024-10-14T14:59:32","slug":"crossfi-launches-evm-compatible-mainnet-paving-the-way-for-web3-payments","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/crossfi-launches-evm-compatible-mainnet-paving-the-way-for-web3-payments\/","title":{"rendered":"CrossFi launches EVM-compatible mainnet, paving the way for web3 payments"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/10\/CrossFi-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/10\/CrossFi-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/10\/CrossFi-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/10\/CrossFi-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>CrossFi launched an EVM-compatible mainnet for scalable web3 payments.<\/li>\n<li>The network supports 10,000 TPS and bridges Ethereum assets seamlessly.<\/li>\n<li>Governance uses MPX tokens, with fees averaging $0.02 per transaction.<\/li>\n<\/ul>\n<p>Cross Finance, commonly known as CrossFi, has announced the launch of its EVM-compatible mainnet, marking a significant step in the evolution of decentralized finance (DeFi) and web3 payment solutions.<\/p>\n<p>The CrossFi blockchain aims to provide a scalable, decentralized ecosystem designed to support high-volume payments and everyday transactions, bridging traditional finance with the world of crypto.<\/p>\n<p>The CrossFi mainnet\u2019s launch comes on the heels of a successful testnet, conducted in collaboration with CoinList, which attracted over one million active wallets.<\/p>\n<h2>The CrossFi blockchain<\/h2>\n<p>The network\u2019s infrastructure is built using the Cosmos SDK and Tendermint, enabling a modular design that supports up to 10,000 transactions per second (TPS).<\/p>\n<p>This scalability makes CrossFi suitable for hosting payment applications that require high throughput, similar to Visa-level processing capabilities.<\/p>\n<p>As an EVM-compatible network, CrossFi allows seamless integration with Ethereum-native assets, which can be bridged to its platform and utilized within its payment ecosystem.<\/p>\n<p>Its security is reinforced by PCI DSS certification, a data protection standard recognized by major payment card companies, ensuring that the platform maintains industry-leading data transmission and storage practices.<\/p>\n<p>The governance of the decentralized network is powered by the Mint Power (MPX) token, which is also used to facilitate transaction fees that average $0.02 per transaction.<\/p>\n<p>In addition, the Cross Finance ecosystem features a variety of financial tools, including CrossFi App, which enables services like staking, lending, crypto-fiat exchange, and P2P payments. Users can also leverage CrossFi xAPP for token swaps, cross-chain asset bridging, and liquidity mining.<\/p>\n<p>Further enhancing its ecosystem, CrossFi supports synthetic asset minting, over-collateralized stablecoins, and offers decentralized platforms for trading real-world assets.<\/p>\n<p>By integrating multiple functionalities across its components, Cross Finance is set to democratize access to decentralized finance and facilitate the adoption of blockchain technology in global payments.<\/p>\n<p>The network\u2019s launch partners, including Alchemy and other validators, will play a key role in optimizing performance and maintaining decentralization.<\/p>\n<p>With this mainnet launch, CrossFi is positioned to become a pivotal player in the evolving web3 financial landscape, empowering businesses and users to explore new possibilities in the digital payments space.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/crossfi-launches-evm-compatible-mainnet-paving-the-way-for-web3-payments\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) CrossFi launched an EVM-compatible mainnet for scalable web3 payments. The network supports 10,000 TPS and bridges Ethereum assets seamlessly. Governance uses MPX tokens, with fees averaging $0.02 per transaction. Cross Finance, commonly known as CrossFi, has announced the launch of its [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":39515,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/39514"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=39514"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/39514\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/39515"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=39514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=39514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=39514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}