Unified Account Experience
Last updated
Last updated
One of the primary advantages of building and focussing on Polkadot is to consolidate its unique parachain based architecture to achieve interoperability with different protocols, both public and permissioned chain, which opens up potential sources of liquidity to Demodyfi. It potentially allows separate and isolated blockchains to be networked together, creating an “internet of blockchains”, where private chains can be firewalled from public chains like Ethereum, but still be able to communicate with each other via pre-defined state-transition and functions, similar to the internet handshake protocols used today to establish networking.
The first step is to begin implementing on Polkadot and achieving interoperability with other compatible parachains.
Moonbeam’s focus is to create a fully Ethereum-compatible environment on Polkadot with the best user experience possible. With Unified Accounts, a user will only need a single H160 address, with its corresponding private key, to do everything we mentioned above including both EVM and Substrate functions. Consequently, the user does not need to move balances between 2 different accounts and is able to access all the features with a single account and private key. Demodyfi is making this possible for the end-user by implementing efficient cross-chain swapping between wallets like Metamask and Polkadot.js
Let’s see how we can import our already existing MetaMask account to Polkadot JS Apps. First, navigate to the accounts section, and click in the add account button.
Non-custodial service Demodyfi is a decentralized, non-custodial protocol; assets are controlled by the users themselves and not stored on the platform. We empower the user to keep storage of their own private keys and cryptocurrency assets, while the team is working in the backend, optimizing yield for the users without compromising security
