Nomad
A novel approach to blockchain interoperability that leverages an optimistic mechanism to increase the security of cross-chain communication.
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Nomad is a revolutionary security-first cross-chain messaging protocol that allows users to send tokens and data between blockchains safely. By leveraging an optimistic mechanism, Nomad reduces gas fees by a factor of 10x relative to traditional header relay systems, while still remaining decentralized. This makes it easier and more cost-effective to send tokens and data between blockchains. Furthermore, Nomad smart contracts can be deployed quickly on any smart contract chain without requiring any custom logic.
What sets Nomad apart from other businesses in the same industry is its commitment to security and decentralization. By leveraging an optimistic mechanism, Nomad only requires one honest actor to keep the entire system safe, and it slashes gas costs of cross-chain communication without sacrificing decentralization. Additionally, Nomad offers a community for users to connect and share feedback, questions, and comments. This allows Nomad to stay up to date with the needs of its users and to continue to innovate and improve its product.
Nomad plans to make a profit by charging fees for its services. As more users join the Nomad community and take advantage of its features, the company will be able to generate more revenue. Additionally, by continuing to innovate and improve its product, Nomad will be able to attract more users and increase its profits.
