Blockchain Interoperability

Since the launch of the first blockchain-based system, many others have followed, and the crypto industry has continuously grown. However, blockchains aren't similar and come with different strengths and weaknesses. For example, Ethereum, launched in 2015, has excellent smart contract advantages but severe scalability issues over the years. All the blockchains, though, face a lack of interoperability challenges. Is there a possibility of having a system that allows users to use the strengths of different blockchains simultaneously? In recent years…

It's without a doubt that blockchain technology has brought an enormous change in the finance industry. The distributed ledger technology (DLT) has dramatically transformed well-established financial institutions by improving transparency, lowering transaction costs, allowing faster transaction execution, and creating audibility of operations. For instance, blockchain technology has enhanced digital payments in the banking industry, introduced smart contracts, and integrates cryptography in a shared database to enhance transparency.  But while blockchain technology has enormously transformed the finance sector, mainstream adoption is…

Blockchain adoption into different sectors within the global community has been booming over the years. Safe to say, blockchain technology provides decentralized, secure, straightforward, low costing, and fast operations wherever people employ its use. However, its adoption by the regular masses is still on a low.  A significant issue leading to this is the lack of ways to communicate between blockchains. As a result, the talk on blockchain interoperability is spiking as the ultimate solution for its evolution and mass…