{"id":75467,"date":"2024-04-08T11:36:02","date_gmt":"2024-04-08T15:36:02","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=75467"},"modified":"2024-04-08T11:36:35","modified_gmt":"2024-04-08T15:36:35","slug":"velo-and-solana-collaborate-on-laos-digital-gold-project","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/velo-and-solana-collaborate-on-laos-digital-gold-project\/","title":{"rendered":"Velo and Solana Collaborate on Laos Digital Gold Project"},"content":{"rendered":"\n

For the Laos Digital Gold Project, Velo and the Solana Foundation<\/a> signed\u00a0a\u00a0MOU (memorandum of understanding).<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The Velo and Solana Foundation have partnered to provide a clearing house for Laos Digital Gold transactions.<\/p>\n\n\n\n

Following an announcement on April 8, Velo revealed a memorandum of understanding (MOU)\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> on establishing the project's clearance house.<\/p>\n\n\n\n

However, collaboration with its collaborator Lightnet and the e Solana Foundation would result from this endeavour.<\/p>\n\n\n\n

Velo will function as the clearing house and infrastructure layer for the project's transactions, whereas Solana will provide settlement capabilities for Laos Gold on the blockchain.<\/p>\n\n\n\n

Velo and Solana Launch Benefits<\/h2>\n\n\n\n

As stated in the announcement, this is designed to ensure the security of every transaction on the blockchain and provide users with a streamlined processing experience.<\/p>\n\n\n\n

The Laos Digital Gold initiative will connect Solana's blockchain, Nova, and EVM-compatible chains to foster interoperability and a connected ecosystem.<\/p>\n\n\n\n

\n

\u201cThe MOU also includes a robust bridging mechanism to enhance interoperability between Solana\u2018s L1, Nova, and EVM-compatible chains. This initiative aligns with the blockchain principle of interconnectedness, promoting connectivity and accessibility of digital assets across different blockchain networks.\u201d<\/p>\n<\/blockquote>\n\n\n\n

This will facilitate the growth of the Laos Digital Gold Project's user base, which comprises individuals searching for enhanced systemic advantages.<\/p>\n\n\n\n

The team emphasizes the Solana partnership as a combination of financial investment and digital space opportunity.<\/p>\n\n\n\n

Team Tips Liquidity for Laos Gold<\/h2>\n\n\n\n

In addition, the Solana blockchain platform<\/a> will employ liquidity management protocols, including on-ramp and off-ramp systems.<\/p>\n\n\n\n

Before a subsequent global release, this would be made available in Southeast Asia to fortify digital asset transactions.<\/p>\n\n\n\n

This results from a significant partnership with the Solana Foundation, which has resulted in enhanced functionality and a growing clientele.<\/p>\n\n\n\n

Consistent with the agreement, Velo assures that Laos Gold operates efficiently.<\/p>\n\n\n\n

This entails verifying transactions, maintaining confidence, and guaranteeing the fulfilment of contractual duties on behalf of Solana.<\/p>\n\n\n\n

\n

\u201cThe collaboration marks a significant advancement, unlocking new possibilities for asset transfers, liquidity provision, and Web3 activities, meeting the rising demand for cross-chain transactions and contributing to the growth of the Web3 ecosystem.\u201d<\/em><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

For the Laos Digital Gold Project, Velo and the Solana Foundation signed\u00a0a\u00a0MOU (memorandum of understanding). The Velo and Solana Foundation have partnered to provide a clearing house for Laos Digital Gold transactions. Following an announcement on April 8, Velo revealed a memorandum of understanding (MOU) on establishing the project’s clearance house. However, collaboration with its […]<\/p>\n","protected":false},"author":56,"featured_media":75474,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[9479,4638],"class_list":["post-75467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-solana-sol","tag-digital-gold"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/04\/Velo-and-Solana-Collaborate-on-Laos-Digital-Gold-Project.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/75467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=75467"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/75467\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/75474"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=75467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=75467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=75467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}