Thread by @Sandercrypto78

#Ethereum's high gas fees and low scalability are slowing down developments.

#Polkadot provides a solution for the blockchain ecosystem through its cross-chain interoperability. @Kylin_Network will provide this ecosystem with #DeData

A #Kylin thread...1️⃣

$KYL $DOT $KSM #DeFi

2️⃣@Kylin_Network builds a cross-chain platform that will power Polkadots data economy.

It aims to become the data infrastructure for DeFi and Web3 apps on #Polkadot by providing instantaneous, reliable data sources and analytic services for close to zero fees.

$KYL $DOT #DeData

3️⃣The internet consolidates power by controling your data. @Kylin_Network is building a new data infrastructure that is needed to chance #DeFi from a experimental money game into a useable finance application. It will also help regain control of your data.

$KYL $DOT $KSM #DeData

4️⃣ @Kylin_Network will provide this space with data querying and analytics services.

The costs issues and difficulties in feeding off-chain data on-chain will be solved by using the power of #Polkadot and the OCWs that are provided by #Substrate.

$KYL $DOT $KSM #DeFi #DeData

5️⃣ @Kylin_Network will work with, and expand the possibilities of #Substrate OCWs.

It will provide access, management, insights and coordination to a much bigger array of data sources. #Kylin also enhances the validity and decentralization of data sources.

$KYL $DOT #DeData

6️⃣@Kylin_Network validates all data and provides users with three functionalities:

1) Marketplace, data exchange/pricing
2) Oracle, utilizing OCWs, providing advanced data feed
3) Analytics, tools for analyzing the data warehouse containing a query engine

$KYL $DOT $KSM #DeData

7️⃣ @Kylin_Network CEO stated:

Ethereum is the cafeteria, that tries to serve ‘just ok enough’ food to the broadest possible audience.

Polkadot is a bunch of food trucks that share a power source, parking lot and serve each person in a specific way.

$KYL $DOT $KSM #DeFi #DeData

8️⃣ #Kylin is aiming to launch $KYL before the end of february. It has a very possitive and active community already.

If you are interested to participate in the project:

Follow @Kylin_Network
Join t.me/KylinOfficial
Website kylin.network

$DOT $KSM #DeFi #DeData