Keep Learning Every Day Be Honest Always
Joined May 2017
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One of the key reasons i always encourage younger Arc Architects and support them is that this is how I was treated in my early days
The quoted post had some errors which I couldn't realized before making the post
When I made the post back then, i received a DM from @Arc team member.
He commended my efforts and highlighted some of the areas I need to correct in future posts
This is one of the key motivations i received that shaped my involvement in the community
Why am I saying this here?
I wanna pass a message to every Arc Architect that welcoming new and meaningful contributions and also supporting one another is paramount to attracting the best hands into the community
Maybe if I was mocked at that time, i may not have come to where I am today
Maybe those minds that joined the community through me (who are doing better than me in terms of contribution to the community) may not have seen my posts and joined
Dear Architects, please always support the younger ones
Those younger ones may be as meaningful and important as us, or even better
Architect Support Architect
Do You Know What StableFX on Arc blockchain is?
If you are a centralized exchanges user, you will have traded tokens on Binance, Coinbase, etc
If you are a DeFi user on general purpose blockchains like Ethereum, Solana etc, you will have traded on decentralized exchanges like UniSwap, Jupiter etc
Above are examples of Market places where crypto tradings take place.
In real-life , you go to stores, supermarkets, stores, shops to trade food items, clothing etc
We also have online market places like Alibaba, Amazon etc
In all these, you buy products in exchange of currencies.
Having seen the concepts above, let's look into what StableFX on Arc blockchain does.
We already know from our previous post x.com/web3nodee/status/20048β¦ that Arc blockchain is programmable L1 blockchain built for foreign exchange, stablecoin finance, tokenized assets, real-world payments etc.
Now, just like the Uniswap, Jupiter an so on that allow the trading of assets on legacy blockchains, Arc blockchain's StableFX aims to modernize global currency exchange by bringing real-time, programmable, stablecoin-powered FX directly on-chain, making cross-border value transfer faster, cheaper, and more accessible for institutions 24/7.
In simple words and in comparison to the general purpose blockchains DEXs like Uniswap, Stable FX is an engine that has both aggregator function( e.g 1inch that fetch the best price from several sources) and oracle function( e.g Chainlink that feed DeFi applications with refined price feeds) combined in one place, with Arc's Stable FX being alligned to Fintechs, Markets, Banks and other real world instutional transactions.
So, we can simply that StableFX is to Arc blockchain what Uniswap is to Ethereum blockchain and Jupiter to Solana blockchain.
We'll see more on StableFX in subsequent posts.
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Circle Cross-Chain Transfer Protocol Now Supports Third-party ERC-20 Tokens on Arc
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