ThinkCoin, the native token of blockchain-based trading exchange TradeConnect, has partnered with California-based 0Chain to help scale their platform’s capabilities using 0chain’s decentralized cloud solutions.
0Chain helps crypto-linked projects create their own chain specific to their needs and optimize their performance. Thus it allows TradeConnect network to process a high load of transactions fast by using both private and public blockchain processing.
The Silicon Valley startup was in the news earlier this year after it managed to raise a hard cap of $39 million without even launching its ICO. Unlike traditional cloud subscription services, 0Chain enables DApps to move their off-chain code and data onto their decentralized compute and storage platform.
TradeConnect, which is aiming to create the world’s largest peer-to-peer multi-asset trading network, will also benefit from the new relationship to support high-frequency trading and secure a low latency environment for its users. TradeConnect currently offers derivative contracts in CFD, Forex, commodities, equities and crypto-trading markets.
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The most attractive properties of the 0chain solution are fast transaction speed and integrated storage at zero cost to the TradeConnect ecosystem. 0chain’s self-forking ability will also help to scale the architecture when the number of transactions increases with the introduction of new products and the growth of ThinkCoin’s community.
Earlier in March, Finance Magnates interviewed CEO of ThinkCoin, Nauman Anees, who exclusively provided some more details about the project.
Commenting on the partnership, 0chain co-founder Atif Yaqub, said: “0chain is pleased to partner with ThinkCoin bringing blockchain to traditional financial markets. 0chain will provide high frequency on chain transactions, giving a fast and flexible solution to ThinkCoin clients.”
Faizan Anees, Director, and Co-Founder of ThinkCoin added: “Collaborating with 0chain is a great honor and solid proof that our efforts are recognized by the blockchain community. We look forward to exploring the full spectrum of 0chain protocols to make TradeConnect a robust and reliable blockchain-based trading network.”