Build a token bridge
Cross-chain bridge technology is becoming an increasingly hot topic of discussion, seen as the ultimate solution to increase interoperability between blockchains. Cross-chain is a new technology that aims to enable the transfer of values and information between different blockchain networks.
Transfers between so-called Cross-Chain — Until now, a simple transfer between two different crypto currencies cannot be made. This is because cryptocurrencies must first be exchanged before they can be transferred through transactions.
Increased use of existing networks, such as Bitcoin and Ethereum, has given rise to many key issues, such as economic constraints and scalability. As mentioned above, most blockchain networks operate in isolated ecosystems because they deal with solving unique needs.
The fact that the chains work in isolation made it impossible for people to take full advantage of ledger technology. The inability of the various chains to communicate with each other prevented people from taking full advantage of blockchain technology. Cross-chain technology aims to solve all these problems, allowing interoperability between chains, thus facilitating their mutual communication and information exchange.
The need for interoperability of the blockchain network:
As Cross chain bridge development industry grows and grows, interoperability will become the main feature of any project to survive. It doesn’t make sense for hundreds of chains to be completely separate from each other, competing for market share and value.
Without interoperability, the blockchain industry is like a gigantic chain of islands without ships or bridges. It’s possible to exist on a small island and live there with the community, but you can’t jump onto another island without a lot of effort. In fact, to move to a new island, you have to leave your old community entirely and sail to another piece of dry land.
This makes progress difficult, because the inhabitants of different islands cannot cooperate with each other and use their ideas to promote a better functioning of the entire chain of islands.
Cross-chain as a “bridge” for the mass adaptation of cryptocurrencies:
Many creators of typographic projects. Cross-chain think about building “bridges” It is not only beneficial but absolutely necessary for blockchain projects to connect with each other and ensure interoperability. Belief in maintaining the spirit of cooperation, not competition. There is a lot of room for many crypto projects in the market and to be successful they work hard to unite the blockchain industry. It is often said that the combination of different blockchains would be the key to the mass acceptance of blockchain ecosystems that are comparable to the creation of the Internet in the 90s connecting different intranets through the TCP / IP protocol.