 | I must admit that I first time heard of an internal virtual chain thanks to the Kaiba DeFi protocol. I'm still learning these things and trying to figure it all out so pls if you have some advice for me be free to write it down in the comments. The IVC is an internal Ethereum protocol that functions as a "sub chain." This implies that all KaibaSwap transactions are made in the IVC and are physically stored in Ethereum. Because of this strategy and technology, all tokens listed on KaibaSwap save about 90% of their gas, owing to stored states and the virtualization of various functionalities. We know that Ethereum 2.0 has been promised for months with little visible development, projects have presented Layer 2 solutions only to fall short of expectations or necessitate a new chain outside of Ethereum Mainnet. This is where Kaiba stands out. On KaibaSwap, all transactions begin and conclude on the Ethereum Mainnet, with processing taking place on an internal virtual chain (IVC). To the end-user, there is no discernible difference between how you swap your tokens on our exchange and other decentralized exchanges. This is a flow chart I discovered online that shows the procedures and operations of exchanging, bridging, and staking, all of which are enabled by IVC technology: [link] [comments] |
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