Curated News
By: NewsRamp Editorial Staff
April 25, 2024
Q Development AG Deploys Hyperlane on Q, Enabling Cross-Chain Governance
TLDR
- Q Development AG announces deployment of Hyperlane, revolutionizing cross-chain connectivity.
- Hyperlane is an interoperability framework built for the modular blockchain stack, enabling seamless exchange of interchain messages.
- The collaboration marks a significant milestone for Q in creating a fundamental governance layer for Web3, making tomorrow better than today.
- Hyperlane's permissionless architecture enables Q to extend its governance capabilities to any blockchain in its network, starting with Polygon PoS.
Impact - Why it Matters
The deployment of Hyperlane on Q represents a major step in the evolution of Web3, as it facilitates cross-chain governance and interoperability. This move has the potential to increase projects' security, decentralization, and overall value within the Web3 ecosystem. As the first blockchain to be integrated, Polygon PoS stands to benefit from enhanced interoperability and seamless exchange of interchain messages.
Summary
Q Development AG, a company headquartered in Liechtenstein, has deployed Hyperlane on Q, marking a significant milestone for cross-chain governance in Web3. This deployment enables seamless interoperability across Hyperlane's network of over 50 ecosystems and blockchain networks, starting with Polygon PoS. The collaboration aims to make Q's governance security available to all Web3 projects, regardless of the chain they build on.
Source Statement
This curated news summary relied on content disributed by BlockchainWire. Read the original source here, Q Development AG Deploys Hyperlane on Q, Enabling Cross-Chain Governance
