Basics of DeFiMetaChain

DeFiMetaChain, often referred to as MetaChain, is a groundbreaking Layer 2 blockchain solution designed to empower developers to create scalable decentralized applications (dApps) on two of the world's most prominent blockchains: Bitcoin and Ethereum. It stands as a testament to the evolution of blockchain technology, offering unrivaled innovation and interoperability without compromising on scalability or security.

Relationship with DeFiChain

MetaChain is not just a standalone entity; it serves as an extension to DeFiChain. Its primary role is to enhance the interoperability of DeFiChain, allowing it to seamlessly connect with various other blockchains. This expanded scope ensures that DeFiChain can interact and integrate with a broader range of ecosystems.

Benefits of DMC

• EVM & UTXO Integration: DMC supports both the UTXO and Ethereum account models. This dual support ensures that users benefit from the privacy features of UTXO while also enjoying the simplicity of the Ethereum account model.
• Scalable Ecosystem: With MetaChain, the DFI community gains expansive access not just to Ethereum but also to other EVM-compatible chains. This cross-compatibility ensures a broader and more versatile ecosystem for DFI users.
• Cost-Effective: One of the standout features of MetaChain is its low transaction fees. It ensures that both developers and users can interact with the blockchain without incurring high costs.
• Low Switching Costs: For developers familiar with the Ethereum ecosystem, MetaChain offers an environment that's EVM-compatible. This compatibility ensures that transitioning or deploying dApps is smooth and hassle-free.

Building on DMC

Developers interested in building on MetaChain can refer to the official documentation for comprehensive details and guidelines.

Tokens on MetaChain

As of now, MetaChain primarily supports the native DFI tokens. Users can obtain these tokens by swapping DFI UTXO on the Light Wallet, a feature that's currently in development.