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What Blockchain does Opulous use?
What Blockchain does Opulous use?

A summary of what blockchain Opulous is using, and what Arbitrum, Ethereum, Binance, and Algorand do in the Opulous ecosystem.

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Written by Support Team
Updated over 9 months ago

Opulous Blockchain Partnerships Explained

Opulous currently has products on 2 blockchains and a token, OPUL, on four blockchains:

Arbitrum, Ethereum, Binance Smart Chain, and Algorand.

The first product, the MFT launchpad, was deployed on the Algorand blockchain and the OPUL token was originally launched on Algorand together with Ethereum and Binance.

With the introduction of Opulous 2.0 and the Opulous Finance platform, Opulous branched out to Arbitrum to continue to build its ecosystem with products such OVAULT.

The MFT Ecosystem will migrate to the Arbitrum blockchain in 2024.

Arbitrum Explained

Arbitrum is a layer two blockchain built on top of the mother chain, Ethereum.

This means it inherits some of the properties of Ethereum, and is using new technology to make it cheaper and faster.

Learn more about the underlying technology and attributes of Arbitrum here.

Arbitrum boasts a vibrant community of builders and users and went through a rapid process of innovation with many DeFi projects being deployed.

Arbitrum leads in aggregator volumes among Ethereum layer two solutions, surpassed only by the mainnet. High aggregator volumes translate to enhanced opportunities for our products.

Because Arbitrum is built on Ethereum, its native developer language is Solidity. This has accelerated the development process and allows Opulous to quickly improve and deploy products in the market.

Thanks to the vast ecosystem intertwined with Solidity-based networks, it allows Opulous to interact more seamlessly with other Ethereum layer two chains. This improves the interoperability and scaling opportunities that exist for our products as we aim to make Opulous increasingly accessible to all crypto users.

You can interact with the Opulous platform on the Arbitrum network through several of your favorite crypto wallets.

These wallets can be downloaded to your mobile and used as a mobile application, or if you prefer desktop, some also feature browser extensions or browser wallet integration.

For more information about each respective wallet, click the links above.

One wallet is not necessarily better than the other; it depends on personal preferences and circumstances. We always recommend using your wallet details responsibly and stay vigilant throughout your actions. Using cold wallet protection such as a Ledger or Trezor is always advised for added layers of security.

Do You Still Need Help?

Let us know by joining the official Opulous Telegram Community πŸ‘‰ here.

If you're still having any issues with any of the above steps, please contact us on a chat function here πŸ‘‰ Opulous Chat. You can find the chat button in the bottom right. Make sure you share as much information about your issue as you can so the support team can help you quicker.

Alternatively, you can contact support by emailing support@opulous.org.

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