XLink Collaborates with Cobo and Coincover to Power Bitcoin DeFi

XLink has entered into a strategic collaboration with cryptocurrency custody service provider Cobo and UK-based blockchain protection company Coincover to provide Bitcoin users with improved security and reliability.

“This collaboration is a key part of XLink’s strategy to grow its presence in the Bitcoin decentralized finance (DeFi) space,” XLink said in a statement shared with AlexaBlockchain.

Known for enhancing Bitcoin functionality across various blockchain networks, XLink will deploy Cobo’s cutting-edge MPC custody technology along with Coincover’s robust disaster recovery services. The integration of these solutions aims to address widespread vulnerabilities such as hacking, theft, and outages.

At the core of this collaboration is Cobo’s MPC co-managed storage solution, a powerful weapon against external threats and internal breaches.

Dr. Changhao Jiang, Cobo’s CTO and co-founder, confirmed that the integration of Cobo’s MPC technology into XLink’s DeFi platform is a significant step forward in improving security protocols within the Bitcoin Layer 2 environment.

Known for providing a vital safety net in the event of unexpected outages, Coincover’s disaster recovery services further enhance the resilience of the XLink platform.

Alex Saleh, Head of Partnerships at Coincover, emphasized the importance of instilling trust in users by ensuring operational continuity at all times and emphasized Coincover’s commitment to creating a safe environment for cryptocurrency enthusiasts.

“Through our integration with Cobo and Coincover, XLink is poised to become the liquidity hub for Bitcoin DeFi, reshaping the ecosystem by providing unparalleled security and exceptional user experience,” XLink CTO and co-founder Dr. Chan Ahn said in a statement. “He said. .

CEO Ahn added, “We are excited to utilize Bitcoin’s full potential and open a new era of DeFi through cutting-edge security technologies and protection features.”

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