Chia Network releases product roadmap for 2023 as XCH price rises 76% year-to-date

Chia Network, a blockchain and smart trading platform, has just announced its product roadmap for 2023, with the goal of building better and more useful tools for users, focusing on a few key themes. .

The first theme is building and supporting crypto-critical technology infrastructure, and the company brings its team into two main areas of crypto infrastructure: hardware wallets and bridges. The company plans to release the code for the first bridge on Chia, the ETH-XCH bridge, in the second quarter of 2023. Additionally, it hopes to add external key signing support for hardware wallets with Ledger support. It will be launched in the second half of 2023.

The second theme is building core prototypes to integrate real-world assets, which the company believes will drive adoption of the Chia ecosystem and remains its key differentiator. Chia has laid a solid foundation with Offers, DataLayer, and Custody as basic building blocks, and by 2023 it will expand its current capabilities and features while adding new use cases.The company plans to launch CAT security tokens in Q2, requiring verifiable certificates issued by third parties to ensure that the issuance and trading of security tokens are compliant

The third is to adhere to the market-oriented strategy. The company is building the infrastructure and technology tools for the future of global trade and finance. The company’s focus remains on customers, and growth in this space will be primarily focused on enterprise customers, asset issuers, ecosystem builders and creators.

The fourth theme is to enhance the experience and attract farmers. Split works on developing best-in-class open source tools for planning and farming. The company has identified areas where it believes it can create a better experience for existing farmers while also facilitating the onboarding experience for new farmers. The company provides GPU graphics, graphics compression, GPU capture and farming, and graphics filters. A plot can be understood as a block or a large file on the Chia network.

Chia Network’s 2023 product roadmap demonstrates the company’s commitment to building a better, easier-to-use platform. Focusing on key technology infrastructure, building core premises, maintaining a market-driven strategy, and improving the experience and onboarding process for farmers demonstrates the company’s commitment to delivering a platform that meets user needs.

Chia Network’s XCH native token price is currently down more than 3% on the day, trading at $40.9 at press time. Year-to-date, the token has returned about 76% for investors.

Source: TradingView

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board take

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