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đź’» Recently, the cryptocurrency industry has been absolutely exploding with growth and in this video you're going to learn all about a brand new project that hasn't even hit the market yet giving you the opportunity to know about it here first.
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➡️ This video has been sponsored by Kima.
➡️ Disclosure: We are investors and Holders of the Cryptocurrencies discussed in this video.
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TIMESTAMPS:
00:00 Is Kima Network the next big hidden Gem decentralized money transfer protocol
00:32 Tomer Warschauer Nuni - Kima Network
02:01 Kima Network's team
05:34 What is Kima Network?
08:10 Application example
14:10 The Kima Magic
18:12 FinSec Innovation Lab - Mastercard
19:56 Kima token launch & use case
26:41 Kima Token listings
29:07 More information about Kima
30:21 Wrapping up
âś… KIMA NETWORK (SPONSORED CONTENT)
Kima is the world’s first infrastructure-agnostic money transfer protocol. The Kima platform is comprised of a blockchain and a toolkit that allows the seamless transfer of assets between different protocols and platforms.
đź“ť Challenges in Blockchain Interoperability
Blockchains are siloed. Web3 apps built within those ecosystems are constrained by their on-chain liquidity. Many solutions developed for these challenges, known as bridges, suffer from flaws and vulnerabilities: security, user experience, complexity, and poor capital efficiency.
đź“ť How Kima Solves These Challenges
Kima addresses these challenges in a unique way, by creating a Web3 settlement layer which enables interchain transactions. This approach allows liquidity to be transferred between chains in a safe, secure, and cost-effective manner, enabling a reliable omnichain solution.
đź“ť Key Concepts of Kima
Security: Kima achieves unique security by eliminating all known attack vectors (no smart contracts, no oracles, no external relayers) and adding multiple layers of security (e.g., using a Trusted Execution Environment with Intel SGX and decoupled validation). The protocol uses game theory and financial incentives to maintain liquidity equilibrium and maximize capital efficiency.
Infrastructure: Kima simplifies and accelerates the creation of secure Omnichain applications, tackling interoperability problems without causing additional liquidity fragmentation. It provides a mechanism for users to perform cross-chain atomic swaps without token-wrapping.
đź“ť Kima's Blockchain Architecture
The Kima blockchain, built using the Cosmos SDK, employs a committee-based consensus. "Wardens" in a rotating committee ensure asset pool synchronization and authorize withdrawals based on corresponding deposits.
Websites: https://www.kima.network & https://www.kima.finance
X: https://x.com/KimaNetwork
CONTACT:
For business inquires only, please use this email: [email protected]
DISCLAIMERS:
Please always check with a professional before making any decisions with your money. These videos are for educational purposes only and I am not responsible for your actions in any way. No official financial advice is being given. Never listen to anyone online who tells you to not check with a professional! Joe Parys is not providing you with individual investment advice. Joe Parys is not registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. Joe Parys is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.
Affiliate Disclaimer: These descriptions usually contain affiliate links. If you decide to purchase a product through one of them, I receive a small commission at no cost to you. I never endorse products that I have not personally used myself or not found to be beneficial in my life.
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