Ivan on Tech Academy provides latest insights and reports about the blockchain industry.
To say that blockchain interest has been warming up in the last few years would be an understatement. Rather, thousands of high-profile companies all around the world are already putting their money where their mouths are and are investing in blockchain technology. Nevertheless, the blockchain industry still has some growing pains to fully go mainstream. One of the largest challenges the blockchain industry needs to clear is achieving something known as blockchain interoperability. Put simply, different blockchains have a hard time talking to each other - something oftentimes referred to as ”cross-chain communication”.
So, what exactly is the issues related to lacking blockchain interoperability, and why do we even want cross-chain compatibility to begin with? This article explains how blockchain bridges and other blockchain interoperability solutions provide added value to both consumers, businesses and the blockchain industry as a whole. This article goes...
Certain buzzwords are currently making names for themselves in the cryptosphere. Most notably, these include DeFi, NFTs, and oracles. These could conceivably be among the top trends that may act as catalysts for a potential 2020/2021 bull run. Another buzzword that is making the rounds, although perhaps does not receive as much attention as the previously mentioned terms, is blockchain interoperability.
Interoperability fundamentally refers to a seamless exchange process of transactions or data between blockchains. If you are unsure what this means or if you are interested in finding out how this works - read on!
In this article, we will briefly cover how blockchain technology works, why interoperability is such a crucial part in the next stage of cryptocurrency adoption, and live projects and use cases using protocols with blockchain interoperability.
If this peaks your interest regarding blockchain technology in general, then you’ve come to the right...