Interoperability

Today Entangle, a leading data infrastructure layer, marks its most significant move in the blockchain sector — officially launching its mainnet. After two arduous years of development and a thoroughly trialed testnet phase, years of hard work behind closed doors has finally paid off.  This mainnet milestone in Entangle’s development sets it up to become one of the prominent figures in the omnichain space — solidifying future innovation through interoperability solutions. The fundamental elements of the launch include the Entangle…

Since its inception in 2008, blockchain technology has been a revolutionary force in the way we store, transfer, and verify digital information. The global blockchain technology market is expected to grow exponentially, from US$ 19.7 billion in 2024 to US$ 2,450.4 billion by the end of 2034, with a compound annual growth rate (CAGR) of 62%.  However, the industry has faced significant challenges in scalability, interoperability, and user-friendliness, which have impeded widespread adoption and slowed the progress of blockchain-based solutions…

The introduction of the Interchain Amplifier by Interop Labs marks a significant stride towards achieving broad interoperability across diverse blockchain networks.  This innovative tool not only facilitates Bitcoin interoperability but also enhances connectivity among major blockchain platforms, including Polkadot and Hedera. Big Leap in Blockchain Interoperability The Interchain Amplifier, a smart-contract-based toolkit, is a unique offering from the Axelar network. It’s designed to simplify the integration of new chains by enabling permissionless connections. It is a feature that’s crucial for…

Layer 2 (L2) blockchain Eclipse and developer-oriented bridge Neon EVM have formed a new collaboration to implement changes in the blockchain landscape, increasing interoperability and scalability with the integration of Ethereum (ETH) and Solana (SOL).  Aiming to combine the capabilities of both blockchains, Eclipse has consolidated the compatibility between the Ethereum Virtual Machine (EVM) and the Solana Virtual Machine (SVM) by deploying Neon Stack. Solana And Ethereum Integration  The primary objective of this collaboration is to integrate Solana’s transaction handling…

A new protocol within the EOS ecosystem has emerged to enhance the scalability and interoperability of Bitcoin and bridge the gap between the world’s most popular cryptocurrency and the emerging Layer-2 scaling solutions that aim to make it more useful.  The new initiative is calling itself exSat, which positions itself as a kind of Docking Layer for Bitcoin. In a blog post, the team behind exSat explained that it’s composed of various protocols and mechanisms that serve to extend the…

As the number of new blockchains continues to surge, a glaring question appears: who will deliver a solution to blockchain interoperability? There are already some crypto projects like Band Protocol attempting to solve this age-old problem, but the answer may come from a project outside of the crypto space. Quant Network is a UK-based blockchain company that may have what it takes to support technologies and applications from different blockchains working together. What is Quant Network? Quant Network is a…

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…

A Dapp is a next level in technological innovation. A Decentralized application is a platform that connects two or more parties without the need for any arbitration. This is achieved through the help of a blockchain (that forms the infrastructure) and Smart Contracts (because they bind the parties together). Decentralized Applications or Dapps, are taking the world by storm. In the book Blockchain Revolution, the authors Don and Alex Tapscott argue that traditional centralized applications like Uber, Facebook, and Airbnb can quite…