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XYO Network Expanded the XL1 Bridge
By Exbasi Intelligence
Sourced from Coindar
XYO Network expanded the XL1 bridge on August 20th to support transfers from exchanges back to XYO Layer One.XL1 tokens purchased through Kraken, KuCoin, MEXC, Gate, or Uniswap can now be moved onto the blockchain, and the interface also includes a new decentralized-application showcase.Refer to the official tweet by XYO:Hey xl1:native 💎🙌! If you trade xl1:native on exchanges like Kraken, KuCoin, MEXC, Gate, or Uniswap, you can now bridge your tokens back to XYO Layer One and use them on the blockchain!We've also added a dApp Showcase for the collection of XL1 example dApps, which shows off… XYO InfoThe XYO Network propels trust-free transactions by establishing a cryptocurrency ecosystem that serves as a bridge connecting the present and future.The XYO Network's ability to interact with the real world enhances the functionality of smart contracts. It employs an array of devices within the XYO Network ecosystem to confirm if an object is at a specific XY coordinate. Consequently, applications that facilitate smart contract transactions can be installed once this is verified.Consider an e-commerce firm as an instance. By leveraging the XYO Network, the firm can provide a premium service of payment upon delivery. This service is made possible by utilizing the XYO Network, which employs XYO tokens to generate a smart contract.The XYO Network is designed to track a parcel's location throughout the entirety of the delivery process: from its origin at the warehouse, through the courier service, and finally to the consumer's home, including any intermediary locations. This comprehensive tracking ability enables retailers and e-commerce platforms to confirm not only the delivery of a package to a customer's doorstep, but also its secure arrival.