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COINOTAG News reports that on November 7th, the collaboration between Magic Labs and PayPal has resulted in the announcement of a groundbreaking initiative: the launch of the cross-chain network named Newton. This innovative platform is designed to enhance the usability of decentralized applications (dapps) across multiple blockchain environments, creating an experience akin to browsing the traditional internet.
By harnessing the capabilities of Polygon’s decentralized AggLayer and the Chain Development Kit, Newton facilitates developers in creating dapps that function seamlessly across various blockchain networks. Users will no longer need to manage multiple wallets, simplifying their interactions within the ecosystem. As Magic Labs aims for “chain unification,” this initiative parallels existing standards like ACH and SWIFT in conventional finance. If successful, this technology could significantly mitigate the “blockchain island” dilemma, which has historically impeded liquidity and complicated user experiences in the crypto space.
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