Interoperability

Boston, Massachusetts, September 11th, 2024, Chainwire Hyperbridge sets a new benchmark for secure, scalable, and verifiable cross-chain communication, launching with the highest economic security in the market. The Web3 Foundation, in partnership with Scytale Digital, has led the seed funding round for Hyperbridge, a groundbreaking protocol poised to transform blockchain interoperability. This investment marks a significant milestone as the Web3 Foundation's inaugural funding initiative, highlighting Hyperbridge's critical role in the rapidly expanding Web3 ecosystem. Hyperbridge is emerging as a leader…

Cardano has achieved significant milestones in scalability, interoperability, and governance through its various phases from Byron to Voltaire. Charles Hoskinson emphasizes Cardano’s global impact and transformative mission over asset prices and market speculation. Cardano founder Charles Hoskinson recently highlighted the broader mission of the project in a YouTube video, emphasizing the transformative global impacts over mere asset prices. He underscored that Cardano is not just his project but a venture aimed at making a positive change worldwide. Despite nearing significant…

Tezos X introduces a scalable, cloud-like blockchain with a unique “modu-lithic” design for enhanced performance and interoperability. Tezos X promotes seamless interaction among apps, integrates various programming environments, and supports efficient smart contract execution. Tezos has made a huge stride forward in blockchain technology with the release of Tezos X, a scalable, cloud-like backend that can serve a variety of applications. The greatest aspects of modular and monolithic blockchain architectures are combined in this ground-breaking platform to create a “modu-lithic”…

IBC implementation connects Cardano to over 115 blockchains, enhancing modularity and scalability within the interchain ecosystem. The addition of IBC allows deployment of Ethereum Virtual Machine-compatible decentralized applications on Cardano’s secure sidechains. The Cardano Foundation has incorporated the Inter-Blockchain Communication Protocol (IBC) into its blockchain network. This integration is aimed at facilitating effective data and asset exchanges between different blockchain networks, addressing common challenges such as scalability and data privacy in blockchain technology. IBC is recognized for enabling data and…

While there continue to be what seems to be daily innovations in the Web3 space, the industry is dealing with a crisis of its own making.  What started as a very simplistic idea, where blockchain could hold data on a transparent, immutable chain, has turned into an industry worth hundreds of billions.  The “crisis” is that Web3 has progressed so rapidly from the original goal of blockchain that it is starting to resemble Web2, but with additional benefits.  This is…

IOTA has integrated LayerZero’s cross-chain messaging protocol with its Ethereum Virtual Machine (EVM), enabling seamless communication and asset transfers across over 50 DLTs. This integration further underscores IOTA’s commitment to fostering a developer-centric environment, bridging its ecosystem with the broader blockchain community. In a significant development for interoperability, IOTA has announced the integration of the LayerZero cross-chain messaging protocol with its Ethereum Virtual Machine (EVM). LayerZero, a leader in facilitating seamless communication across various blockchain networks, has extended its messaging…

The post Ripple Unveils XRPL EVM Sidechain to Enhance Interoperability With Ethereum Ecosystem  appeared first on Coinpedia Fintech News Ripple Labs, a leading blockchain payments company using XRP as the native digital asset, has launched a new product dubbed XRPL EVM Sidechain. The XRPL EVM Sidechain will introduce Ethereum Virtual Machine (EVM) compatibility with the XRP Ledger (XRPL).  According to the announcement, the XRPL EVM Sidechain will enable decentralized financial (DeFi) developers to build next-generation Web3 applications. Notably, the XRPL…

Let’s face it, the internet as we know it is due for an upgrade. As technology keeps racing ahead, we can’t keep relying on those old web systems from the past (Web2). The blockchain world (Web3) is the future, and we need to find a way to blend the two seamlessly. That’s where Hydro Online comes in – they’re paving the way for a decentralized internet that brings the best of both worlds together. Bridging the Gap: Hydro’s Seamless Integration…

New York, USA, May 21st, 2024, Chainwire Axelar Interchain Amplifier’s Integration With Rollkit Streamlines the Creation of Interoperable Rollups, Making it as Simple as Developing any Smart Contract The Axelar Foundation today announced an integration with Celestia Labs that will make multichain interoperability easy for sovereign blockchains built with Celestia’s Rollkit, the first sovereign rollup framework. This integration will advance the modular thesis, simplifying multichain development for thousands of new blockchains. Celestia is the first modular blockchain network, envisioning a…