Blockchain is arguably one of the foundations of the crypto world, this is where crypto is and works. The better the blockchain is used, the better activity on the network can create positive sentiment and attract investors.
One of the most important parts of blockchain is interoperability, which is the ability of various systems or applications to work together and be able to interact with other different applications to enable the exchange of data / information through mutually agreed protocols.
Apart from interoperability, there are also issues of Cross Chain that are busy talking and are predicted to fix the shortcomings of the previous blockchain.
Cross chain, is seen as the final solution to improve interoperability between blockchains. In layman's terms, cross-chain technology is a new technology that seeks to enable the transmission of value and information between different blockchain networks.
The increasing use of established networks such as Ripple, Bitcoin and Ethereum still has drawbacks such as scaling and economic gaps from both a technical and resource perspective.
In addition, blockchain cannot communicate with other blockchains so people cannot enjoy the full benefits of blockchain technology.
In order for this problem to be resolved, there is such a thing as Cross Chain, which seeks to enable communication between blockchains so that interoperability increases and can share information efficiently.
The success of blockchain technology will depend on how various blockchain networks interact and integrate, which is why interoperability between blockchains is so important. Because it can allow various blockchains to communicate with each other in an effort to enable the seamless sharing of information.
Developing projects slowly buys ideas across the chain as they try to come up with a platform that can communicate with each other without the need for a third party.
Blockchain interoperability can be of great help in getting rid of intermediaries or third parties, which are synonymous with centralized systems.
The ability of different decentralized networks to communicate with each other without intermediaries should be of great help in realizing a fully decentralized system.
Given the ever-growing need to improve connections between various blockchain networks, many developers are already working on an optimal solution.
The number of interoperability projects using cross-chains continues to increase as a result of developers' efforts to accelerate the mass adoption of blockchain.
Below are some of the top projects, which want to improve blockchain interoperability.
Great spot
Polkadot blockchain is a high profile multi-chain technology that takes blockchain interoperability to another level. A brainchild of Gavid Wood, the co-founder of Ethereum, Polkadot seeks to improve smart contract data transfer across multiple blockchains.
Polkadot consists of several parachains which have different characteristics. On the Polkadot blockchain, transactions can be spread over a large area given the number of chains on the network. All this is done while ensuring a high level of security when transacting.
Polkadot's Blockchain interoperability project strives to ensure seamless connections between private chains, public networks, oracles and unauthorized interfaces.
The developers behind blockchain interoperability solutions want to enable an internet where independent blockchain solutions will be able to exchange information via the Polkadot relay chain. The basic principles of blockchain interoperability solutions are scalability and governance.
Blocknet
The developers behind Blocknet are currently working to create a decentralized exchange in an effort to improve interchange communications.
What Blocknet intends to do is decentralize all four components in an attempt to create the first Decentralized exchange. The project proponent is also working to optimize the cross-chain platform to function as infrastructure.
Aion Online
Aion online is another high-profile Blockchain interoperability project that seeks to answer unresolved questions around scalability and interoperability in blockchain networks.
The developers plan to position Aion as the standard protocol used by various blockchains and to create an efficient and decentralized system.
Wanchain
Wanchain is establishing itself as the world's first online blockchain interoperable blockchain solution, with secure multi-party computing. More than that, blockchain interoperability solutions seek to rebuild finance by housing all digital assets on one blockchain.
Based on Ethereum, the Wanchain blockchain also allows the implementation of smart contracts. All these aspects make it an attractive blockchain solution for delivering distributed applications that require easy access to multiple blockchains.
Cosmos
Cosmos blockchain is an underrated blockchain interoperability project but is currently gaining some attention. Cosmos blockchain architecture consists of several independent blockchains called Zones, which are attached to a central blockchain called Hub.
Cosmos Hub connects blockchain projects to improve interoperability through the Inter-Blockchain communication protocol.
Due to the interconnection, people can send tokens from one zone to another in real time and securely, without using any third party services. The Cosmos blockchain can connect various zones from public to private projects thanks to the IBC connection.