Introduction to Scallop Chain

Welcome to Scallop Chain. Scallop Chain is the world's first regulated blockchain featuring the unique capability of powering cross-chain financial applications to establish a better DeFi future.

Key Features of Scallop Chain

So what makes Scallop Chain different?

1. World's first regulated chain where every wallet has passed KYC (Know Your Client)

2. Core Consensus mechanism updated to include KYC, and AML checks on the protocol level for every wallet and for every Dapp and service provider. This provides security and future-proofs to the chain should there be any regulation in the pipeline.

3. Regulated businesses can provide legal, regulated financial services and build financial apps

4. Built using Cosmos SDK and Ether mint, which the chain is both Cosmos and EVM compatible

5. Average block time of less than 3 seconds

6. World’s first e-money tokens - where users are in the custody of their own GBP, EUR on chain

7. IBAN and bank account linked to every wallet on the Scallop chain, allowing seamless fiat-to-crypto and crypto-to-fiat service

Our competitors currently do not have regulated or insured accounts, and have higher Tx times. We are proud that we are the first project to get IBAN accounts on the chain as we as the introduction of facial biometrics in fund transfers.