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Alliance of 314: The technical team announced the launch of a new protocol to achieve ecological diversity of decentralized platforms

Alliance of 314: The technical team announced the launch of a new protocol to achieve ecological diversity of decentralized platforms

CointimeCointime2024/04/22 10:01
By:Cointime

According to official sources, the 314 protocol has been receiving attention since March of this year, and there are currently four versions of the on-chain protocol: SIMP (original), Long-314 (revised), X314 (upgraded), and 314 (official version). The first three versions were abandoned due to design flaws. On April 14th, the Alliance of 314 project officially deployed the 314 official version, which solved various defects in the previous protocol code architecture. The project's technical team also promised to maintain and develop it permanently in the future. The official version means the safest, most convenient, and truly decentralized ecological diversity protocol.

It is reported that the 314 protocol mainly solves the problem of high gas fees for on-chain transactions. This new protocol can reduce 95% of block gas fees and optimize transaction processes. Users do not need traditional SWAP, they only need to transfer funds to the contract address through the wallet to trade. Send BNB to the contract address (buy) and send 314 to the contract address (sell). This innovation not only optimizes the trading model but also further promotes the development of the decentralized digital currency ecosystem.

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