We are currently in the process of developing Scallop Chain, an innovative blockchain technology that has the distinction of being the world's first regulated blockchain. This cutting-edge technology is uniquely equipped to power cross-chain financial applications, paving the way for a more efficient and secure DeFi future.
Scallop Chain is a blockchain that boasts a complete single-binary distribution, with a laser-focus on simplicity, speed, and developer ergonomics. It will be able to support both EVM and WASM based smart contracts, making it a highly versatile blockchain. Additionally, Scallop Chain has been optimized for public permissioned Proof-of-Stake use cases, providing even greater flexibility and utility.
One of Scallop's main objectives is to connect traditional banks with cross-blockchain applications. This will allow institutional partners to work directly with Scallop, facilitating the creation of secure custody services, interest-bearing savings accounts, debit cards, and even a fiat onramp to the crypto ecosystem.
As the world's first regulated blockchain, Scallop is uniquely prepared for the future and possesses a significant competitive advantage over other chains. Its regulation status means that it can operate with greater certainty, stability, and security.