Enjin, a trailblazer in the realm of blockchain for Non-Fungible Tokens (NFTs) and digital assets, has unveiled the Enjin Blockchain. This cutting-edge blockchain, specifically designed for NFTs, stands out by incorporating NFT-related transactions directly into its foundational code through the open-source Substrate framework, as opposed to depending on smart contracts.
Integrating NFT transactions at the protocol level improves scalability and equips projects with future-ready digital assets. Remarkably, Еnjin Blockchain includes features such as Fuel Tanks and Discrete Accounts, which streamline user interaction by covering transaction costs and removing the necessity for specialized wallet software.
In the proposed restructuring, Enjin Coin (ENJ) will shift from Ethereum to become the main token of the Enjin Blockchain’s Mainnet at a 1:1 ratio. Additionally, Efinity Token (EFI) will merge with ENJ to enhance decentralized governance and participation.
Efinity, the Polkadot parachain, has successfully moved to the Еnjin Blockchain, now called the Efinity Matrixchain. This transition safeguards all Efinity data for a seamless user switch while preserving data integrity.
Еnjin intends to roll out custom Matrixchains to cater to the unique requirements of enterprises and larger communities, expanding the horizons of digital ownership and engagement.
All of Enjin’s current community initiatives will make use of the Enjin Blockchain, inviting participation from all members. The Enjin App Layer, crucial for cost-effective NFT integration, will be easily accessible for developers to integrate into their ventures.
The Еnjin Blockchain and Enjin Matrixchain will be secured by Substrate’s robust Proof-of-Stake system, powered by ENJ, ensuring top-level security, reliability, and sustainability. Since 2009, Enjin has been a pioneer in blockchain innovation, shaping the future of digital ownership and NFTs with its dedicated community and cutting-edge technology.