What are Cross Blockchain Protocols?

Julian ogan

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Quote from: Ryutaro on July 30, 2019, 09:05:25 AM

the idea that one blockchain can be used everywhere is fascinating and can have many advantages, today there exist hundreds of projects claiming to have their own blockchain which ofc can be legit and have a unique use or a nonsense lie. Coming to your question, having a technology that allows interaction between different blockchain will allow managing transaction between them and this will maybe exclude third parties and thus will support even more privacy and decentralization and also help in the mass adoption of this revolutionary technology.

If you want to know more check this article: Five Projects For Cross-Blockchain Compatibility

Thanks for sharing your thoughts on this. But the URL which you have shared is the one which I was referring to. It explains how Cross-blockchains are used to interact between blockchains but it doesn't say why that interaction is required?

Any other information would be helpful. Anyone who knows about it, please share your opinions.

Ryutaro

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It's precious, protect it!

the idea that one blockchain can be used everywhere is fascinating and can have many advantages, today there exist hundreds of projects claiming to have their own blockchain which ofc can be legit and have a unique use or a nonsense lie. Coming to your question, having a technology that allows interaction between different blockchain will allow managing transaction between them and this will maybe exclude third parties and thus will support even more privacy and decentralization and also help in the mass adoption of this revolutionary technology.

If you want to know more check this article: Five Projects For Cross-Blockchain Compatibility

Julian ogan

member

Activity: 87

Merit: 27

Each blockchain has unique tokens, users and dApps which work seperately from each other. This has lead to the lack of interaction with one another. Transferring of assets is also impossible from 1 blockchain to another.This is where the Cross Blockchain protocols plays a role.

Cross Blockchain protocols allows data and informations to move between the blockchains. This platform will help to interact between different blockchains without a third party intermediary. There are several projects which are already supporting Cross-Blockchain method which include Wanchain, Komodo, Polkadot, Ark and POA etc.

I understood that Cross-Blockchain allows interaction between blockchains but I didn't get why there should be an interaction between the blockchains? Why Cross blockchains are necessary? Please explain me if anyone know more about it.

Sorce: https://cryptobriefing.com/cross-blockchain-compatibility/

Topic: What are Cross Blockchain Protocols? (Read 173 times)