Alliance of 314: The technical team announced the launch of a new protocol to achieve ecological diversity on the decentralized platform
According to official news, the 314 protocol has attracted attention since March this year. There are currently four versions of the on-chain protocol: SIMP (original), Long-314 (revised), X314 (upgrade), and 314 (official version). The first three versions were all abandoned due to design flaws. On April 14, the Alliance of 314 project officially deployed the official version of 314. The latest 314 protocol solved various defects in the previous protocol code structure. At the same time, the project technical team promised to follow up. It undergoes permanent maintenance and development. The official version means the most secure, convenient, and truly decentralized ecologically diverse protocol. It is reported that the 314 protocol mainly solves the problem of high gas fees for on-chain transactions. This new protocol can reduce 95% of block gas fees and optimize the transaction process. Users do not need traditional SWAP and only need to transfer funds to the contract address through the wallet to trade. Send BNB to the contract address (buy) and send 314 to the contract address (sell). This initiative not only optimizes the transaction model, but will also further promote the development of the decentralized digital currency ecosystem.
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