• 0x Labs has launched a new transaction relay API built for Polygon and Ethereum.
• The new Tx Relay API seeks to address the problem of needing to hold and maintain a certain amount of balance from a specific chain’s native token by providing developers with options to quickly and securely execute transactions between various networks.
• 0x Labs has partnered with Robinhood Wallet, which is one of the more popular e-wallets with a secured crypto integration, in order to make inter-chain transactions effortless and easily accessible for users.
Introduction
0x Labs, the blockchain development team behind 0x Protocol, has launched a new transaction relay API built for Polygon and Ethereum.
Problem Addressed
For the most part of its early innovations, Web3 has required users to hold and maintain a certain amount of balance from a specific chain’s native token, a prerequisite that has often been recognized as a barrier of entry for users trying out different blockchains.
Solution provided
The new Tx Relay API seeks to address this problem by providing developers and users with options to quickly and securely execute transactions between various networks. The service allows users to switch between different networks while still maintaining their original asset balance and amount of value held in their originating wallet. Without requiring another layer for operation, the Tx Relay API processes approvals, allowances, and swaps, thereby lessening the steps for a user to actually make use of a network’s utilities.
Partnership with Robinhood Wallet
With 0x‘ Tx Relay API, 0x Labs have partnered with Robinhood Wallet which is one of the more popular e-wallets with a secured crypto integration. In collaboration with Robinhood Wallet, they strive to make inter-chain transactions effortless and easily accessible for users so that they can access multiple blockchains from single platform giving them capacityto interact with variety of crypto projects across different chains in an easy manner.
Conclusion
This means that someone who is beginner in Web3 could straight out hit ground running & gain more knowledge about how these ecosystems work together & adoption & scale are two other fronts towards which this new integration opens up for .