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What is Ink?

Ink is a Layer 2 blockchain developed by Kraken, built on the Optimism OP Stack, and integrated into the Ethereum Superchain. Designed to streamline decentralized finance (DeFi) access, Ink offers a scalable, secure, and user-friendly environment for both developers and users. By leveraging Ethereum's security and the scalability of the OP Stack, Ink aims to bridge the gap between centralized exchanges and the decentralized world of DeFi.

Key Features

  • Optimism OP Stack Integration: Ink utilizes the OP Stack to ensure compatibility with Ethereum, enabling seamless deployment of Ethereum-based smart contracts and applications.
  • Part of the Superchain: As a member of the Optimism Superchain, Ink benefits from shared security, governance, and interoperability with other OP Stack-based chains.
  • Fast and Low-Cost Transactions: Ink offers rapid transaction processing with low fees, enhancing the user experience for DeFi applications.
  • Developer-Friendly Environment: With comprehensive documentation and support, Ink provides a conducive environment for developers to build and deploy innovative DeFi solutions.

Native Token

Currently, Ink does not have a native token. Instead, it uses bridged Ethereum (ETH) for transaction fees and other network activities, maintaining simplicity and compatibility with the broader Ethereum ecosystem.

Integration with Cryptoworth

Ink integrates with Cryptoworth to enhance financial clarity in digital asset accounting workflows. This integration allows users to efficiently track, categorize, and report transactions within the Ink ecosystem, ensuring accurate financial reporting and compliance with accounting standards.

Getting Started

  1. Connect a compatible wallet, such as MetaMask, to the Ink network.
  2. Bridge ETH to Ink using supported bridging solutions.
  3. Explore and interact with DeFi applications deployed on Ink.
  4. Utilize Cryptoworth to monitor and manage your financial activities on Ink.

For more information, visit the Ink website.

Visit their official website to learn more:
https://inkonchain.com/
Accounting Features Supported for
Ink
Reconciliation & Sanity Checks >
Soon
DeFi Protocols
Soon
NFTs Valuation
Soon
Automated Rule Categorization
Soon
Integration to ERPs, QuickBooks, Xero, Netsuite, Sage, Pennyworks, etc.
Soon

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