OriginTrail, a decentralized protocol, facilitates efficient data sharing across various entities within a multi-chain ecosystem.
OriginTrail (TRAC) recently announced the upcoming second phase of DKG v.8.0 on testnet in September via an official tweet by TRAC Info.
TRAC Info noted that OriginTrail is a decentralized protocol that enables efficient data sharing across multiple entities within a multi-chain ecosystem.
Developed by Trace Labs, the underlying protocol of OriginTrail was introduced in 2018 on Ethereum as the first-ever “Decentralized Knowledge Graph.” This blockchain-based protocol has been crucial in promoting multi-chain interoperability among participants in the data-sharing ecosystem, allowing users to store and access shared and discoverable data within the network.
Currently, OriginTrail is interoperable with Ethereum, Polygon, and Gnosis Chain. OriginTrail’s native token, essentially an ERC-20 cryptocurrency, can be traded with other cryptocurrencies on the Ethereum platform.
After the Ethereum Merge, transactions involving the token are validated using the Proof-of-Stake (PoS) consensus mechanism, reinforcing the token’s credibility and security within the ecosystem.
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