PLEXUS, a popular cross-chain bridge aggregating company, has recently announced another development. As per the platform, it is introducing the Theta Algorithm V2 to begin an exclusive epoch of cross-chain operations, enhancing the user experience. On its official X account, the firm disclosed this development.
🚀 Big News! PLEXUS unveils Theta Algorithm V2!
Multi-Layered Transactions:
Theta V2 uses machine learning to optimize liquidity across chains, considering fees, gas costs, slippage, and price impact for the best trading experience.
Enjoy faster, safer, and more scalable… pic.twitter.com/me6GiLMQSv
— PLEXUS | We’re Hiring! (@plexus_fi) June 5, 2024
PLEXUS Releases Theta Algorithm V2 to Improve User Experience
In addition to this, the platform also published a blog post on Medium to offer the details of this endeavor. The firm noted in the post that the project uses machine learning-related results for transfers. The respective transactions take into account To-chain, Middle-chain, and From-chain. Additionally, it utilizes the Executor contract to consider liquidity hierarchically at the bridges and decentralized exchanges individually.
This includes price impact, slippage, gas charges, account fees, and so on. In this way, the project offers a streamlined trading experience to the consumers. by processing more data, it gains more and more efficiency. Apart from that, the platform also discussed the chief enhancements that the latest endeavor presents. They include speed improvement, user interface improvement, scalability, and enhanced security.
The project will reportedly offer a relatively better speed for transaction processing. Moreover, it implements cutting-edge technologies concerning security to further protect consumer assets. Additionally, Theta Algorithm V2 gives better compatibility with diverse blockchain networks. In this respect, it supports more protocols and assets. Along with that, the more user-friendly and intuitive interface lets clients easily carry out their operations.
Theta Algorithm V2 at first backs transfers across up to eight chains. However, Plexus intends to subsequently start supporting more chains. For this purpose, the company will conduct consistent evaluation and monitoring of transfer stability and performance. In line with the results of the respective procedures, it will decide on the inclusion of new chains.
The Project Will Enhance Support for More Chains after Continuous Monitoring
Hence, the chains that it considers suitable for the consumers in all aspects will get preference for the support. It will reportedly pay considerable attention to avoid including the chains that may not have an adequate position in terms of performance as well as stability. The platform asserted that this move highlights its commitment to fulfilling user expectations with an enhanced trading experience.