https://br.cointelegraph.com/news/hathor-brazilian-blockchain-with-no-fees-and-faster-than-ethereum-announces-compatibility-with-evm-and-drex
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in an interview with Cointelegraph, Diego Guareschi, CMO of Hathor, revealed that the Brazilian blockchain, widely used in RWA tokens in Brazil, has developed a bridge that allows compatibility with EVM (Ethereum) protocols and with Drex, CBDC that the Central Bank do Brasil intends to launch by the end of 2024.
In an interview with Cointelegraph, Diego Guareschi, CMO of Hathor, revealed that the Brazilian blockchain , widely used in RWA tokens in Brazil , has developed a bridge that allows compatibility with EVM protocols ( Ethereum ) and with Drex, CBDC that the Central Bank aims to launch by the end of 2024.
"Until recently, we didn't have alternatives for interoperability between other protocols. This was based on the idea that most use cases happened within a closed platform. However, we now have the ability to interconnect with other protocols, which is a great advantage for diverse use cases, especially those related to real-world assets (RWA) and applications in traditional businesses and industries", he revealed.
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Guareschi also highlighted that through this bridge, applications built on both layer 1 (L1) public networks, layer 2 (L2) networks or even permissioned networks, compatible with EVM, can be executed on Hathor more quickly and efficiently. with less costs as the Brazilian L1 has no transaction fees and processes operations faster than Ethereum.
"You can bring applications from other EVM platforms to our network, do everything you normally have to do, which are generally transactions or records, in a much faster, more efficient and more economical way. And eventually, when you need to go back to the mother platform, being able to do this in a faster and more effective way", he highlighted.
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According to Guareschi, this bridge takes Hathor to another level in terms of competitiveness against other networks and also increases its use cases, allowing interconnectivity with smart contracts created in Drex.
Currently, Hathor is already used by different companies in Brazil in projects that unite the world of blockchain and cryptocurrencies with traditional finance.
Since last year, the network was chosen to be the native blockchain of B3, the Brazilian Stock Exchange, for its tokenization project and is also used by Vórtx QR Tokenizadora, within the company's applications in the Securities and Exchange Commission's RWA token sandobox. Furniture (CVM).
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"Hathor is a network that is already 4 years old, which is on the mainnet, so a well-consolidated protocol where we have been through Bull Markets and Bear Markets and our methodology is to always continue developing, improving, improving the network, always thinking in the long term", he states.
Diego also revealed other news about Hathor and highlighted the importance of blockhain applications and the strength of RWA tokens, check out the full interview:
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