PLEXUS, a popular cross-chain bridge aggregation company, recently announced another development. According to the platform, it introduces the Theta Algorithm V2 to begin an exclusive era of cross-chain operations, improving user experience. The company announced this development on its official X account.
Big news! PLEXUS unveils Theta algorithm V2!
Multi-layer transactions:
Theta V2 uses machine learning to optimize liquidity across all chains, taking into account fees, gas costs, slippage and price impact for the best trading experience.
Enjoy faster, more secure and more scalable… pic.twitter.com/me6GiLMQSv
—PLEXUS | We assume! (@plexus_fi) June 5, 2024
PLEXUS releases Theta Algorithm V2 to improve user experience
In addition, the platform also published a blog post on Medium to offer the details of this endeavor. The company noted in the post that the project uses machine learning-related results for transfers. To-chain, Middle-chain and From-chain are taken into account in the respective transactions. Furthermore, it uses the Executor contract to hierarchically assess liquidity at the bridges and decentralized exchanges separately.
This includes price impacts, slippage, gas costs, account fees, and so on. In this way, the project offers consumers a streamlined trading experience. By processing more data, efficiency increases. In addition, the platform also discussed the key improvements offered by the latest venture. They include speed improvement, user interface improvement, scalability, and improved security.
The project will reportedly offer relatively better speed for transaction processing. Moreover, it implements advanced security technologies to further protect consumer assets. Moreover, Theta Algorithm V2 offers better compatibility with various blockchain networks. In this regard, it supports more protocols and resources. In addition, the more user-friendly and intuitive interface ensures that customers can perform their actions easily.
Theta Algorithm V2 will initially support transfers across up to eight chains. However, Plexus plans to support more chains afterwards. For this purpose, the company will conduct consistent evaluation and monitoring of transfer stability and performance. In accordance with the results of the respective procedures, it will decide on the inclusion of new chains.
After continuous monitoring, the project will increase support for more chains
The chains that it considers suitable for the consumer in all respects will therefore be given preference for support. The company will reportedly pay significant attention to avoiding the inclusion of chains that may not have an adequate position in terms of performance and stability. The platform claimed that this move highlights its commitment to meeting user expectations with an improved trading experience.
