Smartlink expands presence on Tezos network as corporate baker

Decentralized, Tezos-based (XTZ/USD) escrow smart contract platform Smartlink announced today it expanded its presence in the ecosystem by becoming a corporate baker. Smartlink guarantees low processing costs and highly reliable transactions through its end-to-end online escrow solutions while removing the need to use expensive third parties. Smartlink will help validate transactions on the Tezos blockchain by becoming a baker.

Joining the ranks of Ubisoft, Exaion, and Wakam

Smartlink joins the ranks of insurance company Wakam, global gaming giant Ubisoft, and cloud provider Exaion. Over 400 bakers worldwide take part in securing the Tezos network daily.

Failsafe, end to end payment solution

Smartlink lowers the risk of fraud and helps protect funds involved in transactions across multiple blockchain networks through its full-scale payment solution, which features an inbuilt escrow module to guarantee simple and seamless transactions. The smart contract platform’s services cover more than 15 of the top ERC-20 tokens, making it possible to create a next-generation escrow payments solution. Its tokens ensure tradability with reliable settlement and low gas fees because they are wrapped into 1.2 Tezos standard FA tokens.

CEO and founder of Smartlink Ben Constanty said:

“I am now more convinced than ever that we have made the best technological decision choosing Tezos. The promise of this network is consistent with the same ambitious goals we have for our platform. We are pleased to strengthen our commitment to this ecosystem by becoming a co-baker today.”

Tezos was designed to stay on the bleeding edge, which makes it stand out from other blockchain protocols. Its upgrade mechanism and modular architecture limit disruptions while offering improved functions and regular upgradability over time. It uses about 2 million times less energy than a proof of work network as a Proof of Stake one. In 2021, activity on Tezos’ network increased by 1,200 percent. The network features some of the most popular DeFi and NFT applications.  

“We are always delighted to see project leaders becoming increasingly involved in our ecosystem. Smartlink holds great promise and the dynamism that its teams express will be a plus for us all,” said Michel Mauny, President of Nomadic Labs.

The post Smartlink expands presence on Tezos network as corporate baker appeared first on Invezz.

Publication date: 
07/29/2021 - 13:01
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