ApeCoin recently unveiled a blueprint for ApeChain – the newly introduced blockchain layer within the ApeCoin ecosystem – detailing comprehensive plans to enhance the platform’s underlying infrastructure.
The blueprint outlines a multifaceted approach to improving the ecosystem, with a focus on enhancing dApp discovery, providing developers with advanced tools, and integrating Arbitrum’s technology to address scalability challenges.
This development aims to make ApeCoin ($APE) a core asset in the ecosystem and seeks to drive demand for the token as more applications and users participate in the platform.
Source: Ape ChainWhat is ape chain?
ApeChain is an upcoming blockchain that aims to enhance the ApeCoin ecosystem by improving access to dApps and providing tools for developers. ApeChain is scheduled to launch in 2024 and focus on three core areas: content, tools and distribution.
The content pillar includes the launch of an ecosystem website designed to serve as a central hub for users to discover and interact with dApps on the platform. ApeChain will work with partners such as Halliday, Decent and Privy to integrate user onboarding tools such as account abstraction and fiat payment gateways.
For developers, ApeChain offers a variety of features, including the Restart protocol, which adds a gamification element by allowing users to bet on outcomes within the network. Another tool, Native Yield, can instantly withdraw yield-generating assets such as ApeCoin ($APE), Ethereum ($ETH), and stablecoins, supporting the creation and maintenance of applications.
In terms of distribution, ApeChain is partnering with well-known brands such as BAPE and will play a role in Yuga Labs’ Otherside ecosystem. The Otherside Development Kit (ODK) will allow users to participate in NFT transactions and other activities in a virtual environment.
Integrated with Arbitrum technology
ApeChain will also integrate Arbitrum’s Stylus functionality, allowing developers to develop smart contracts using WebAssembly (WASM) compatible languages such as Rust and C++.
Features such as clustered chains with shared validators can further enhance scalability by accelerating cross-chain interactions.
Another feature called Timeboost will also be launched, allowing users to pay a fee for transaction prioritization, with part of the fee used to help manage the supply of ApeCoin ($APE).
