One of the benefits of using MPC is reducing the need for large amounts of money to be stored in a single smart contract under a single owner.
This allows for increased security and trust in t-dApps (truly decentralised apps).
The other limitation of the #Ethereum EVM is that it does not allow for interactions of the hardware resources. Hence protocols like $TRU are bring developed to take computations off chain.
Cellframe allows for usage of computer resources such as computing power and disk space.
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This quarter, we can expect bridges to be released on testnet for both Substrate and Bitcoin, allowing for Substrate projects to be integrated with Cellframe.
The beta dashboard and wallet will also be released allowing for storage of other blockchain assets too.
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Like other parachain projects, Cellchains will be a scarce resource and will be limited to just 50 slots. Each slot will be collectively represented by an NFT token which can be re-sold on secondary markets.
The draws of Cell Slots will be played at random.
Successful auction participants will need to lock up $50,000 of $CELL as well an equal amount of their own project's token to a smart contract for a period of 2 years.
Each project can have a maximum of 2 Cellchain slots in case there is a requirement for increased bandwidth.
Cellframe uses PQ encryption by default. This is in response to a direct threat from quantum computers that could be able to crack major encryption algorithms in the next few years.
This threat that has been acknowledged by the NSA.
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The code for the project is written in plain C, which results in more efficient use of computational resources and memory.
It has been in development since 2017 and the code is of a high quality using extremely battle-tested libraries for many low level operations.
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Cellframe have secured a wide range of significant partnerships with the likes of $MOFI, $STAK, $CHAOS, $UNN, $GLCH, $RAZOR, $RAZE, $ROUTER, #API3 and $PLUT.
Each partnership contains its unique advantages to the Cellframe ecosystem adding credibility.
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Cellframe conducted a single round fair raise launch on TrustSwap's launchpad and Uniswap.
Due to market conditions and concerns from the community, it was decided that all VC unlocks would be released early to support decentralisation and long term growth.
On top of this, 565,000 tokens were burned by the team. This leaves 11.9m tokens in circulation out of a total of 30.3m.
This overall with the VC tokens flushed out will support the backing of tier 1 exchange listings in the future which is currently being worked on.
In order to value the potential returns of this project, we must take a look at the market caps of other parachain projects.
This means a 180X is required to match Kusama and a 1,500X is required to match Polkadot. Do the math.
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Overall, Cellframe is a highly ambitious project for what it hopes to achieve as a layer 1 parachain project with limited competitors in the space and a strong narrative to push forwards.
Altcoin Daily also featured them, check it out! ๐ค
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I have decided to release a thread with my thoughts on why I see potential for $FLOKI to reach a $10bn+ market cap valuation before the end of this bull run.