PLEXUS, a leading company specializing in cross-chain bridge aggregation, has recently made an exciting announcement. The company has revealed the launch of the Theta Algorithm V2, marking the beginning of a new era of cross-chain operations aimed at improving the user experience. The official X account of PLEXUS shared this groundbreaking news.
Exciting News! PLEXUS Introduces Theta Algorithm V2!
Enhanced Transactions:
Theta V2 leverages machine learning to optimize liquidity across different chains, taking into consideration factors such as fees, gas costs, slippage, and price impact to provide users with the best trading experience.
Experience faster, safer, and more scalable transactions…
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— PLEXUS | We’re Hiring! (@plexus_fi)
June 5, 2024
In a bid to provide more insight into this development, PLEXUS has also published a detailed blog post on Medium. According to the company, the project utilizes machine learning outcomes for transfers, focusing on To-chain, Middle-chain, and From-chain transactions. Furthermore, it utilizes the Executor contract to assess liquidity hierarchically at bridges and decentralized exchanges individually, taking into account aspects like price impact, slippage, gas charges, and account fees to streamline the trading experience for users.
By processing a greater amount of data, the project aims to achieve higher efficiency. PLEXUS has highlighted key improvements brought about by the latest initiative, including enhanced speed, improved user interface, scalability, and heightened security measures.
The project is set to offer faster transaction processing speeds and implement cutting-edge security technologies to safeguard user assets. Moreover, Theta Algorithm V2 enhances compatibility with various blockchain networks, supporting more protocols and assets. The user-friendly interface allows clients to carry out operations seamlessly.
Initially, Theta Algorithm V2 will support transfers across up to eight chains, with plans to expand support to more chains in the future. PLEXUS will conduct thorough evaluations and monitoring of transfer stability and performance to determine the inclusion of new chains.
Following continuous monitoring, the project will enhance support for additional chains based on suitability for consumers in terms of performance and stability. The platform is dedicated to meeting user expectations and providing an enhanced trading experience through its commitment to supporting the most reliable and efficient chains.