The foundations of cross-chain networks:
The Bitcoin blockchain was the pioneering crypto network and set the stage for other blockchains like Ethereum and EOS. The latest examples brought new developments to the crypto ecosystem, with Ethereum taking the crown in development aspects. This blockchain network hosts a wide range of decentralized applications, popularly known as DeFi (decentralized finance).
https://www.blockchainx.tech/bridge-smart-contract-development
Build a cross chain bridge, blockchain networks were still limited to their ecosystems until the introduction of cross-chain solutions. This new blockchain infrastructure seeks to enable data exchange and communication between various blockchain networks. By doing so, the blockchain ecosystem will operate as a healthy network where users can tap into multiple products across the digital asset market.
Unlike typical blockchain networks, projects with a fundamental cross-chain architecture are based on interoperable protocols. This form of infrastructure allows blockchain ecosystems to connect seamlessly. Cross-chains allow private blockchains to integrate with other private ecosystems as well as public blockchains.
Cross-chain technology in action:
There are currently a couple of cross-chain networks; however, most are still in the early stages or have yet to launch on the mainnet. The few that have shown potential include Wanchain and Spores Network. Let’s dive into how they work to better understand cross-chain technology and the progress made so far.
Wanchain is one of the leading cross-chain protocols with a vision to build a bridge network with other ecosystems. The project leverages decentralized cross-chain technology to integrate blockchain networks including Bitcoin, EOS, Wanchain, Ethereum, XRP Ledger, and Binance Smart Chain (BSC).
Wanchain’s decentralized bridges allow blockchain networks to connect and exchange value between networks. In particular, the Wanchain protocol records intra-chain and cross-chain transactions, hence its value proposition by connecting multiple blockchains.
With a decentralized architecture, Wanchain allows users to build a distributed ‘bank’ to access multiple blockchain networks and products. This cross-chain protocol introduces a distributed super financial market based on blockchain technology.
Unlike most existing cross-chain solutions, Wanchain is a completely decentralized protocol with no third-party custodians involved. Some of the popular DApps that are based on Wanchain include Wanswap (cross-chain DEX) and ZooKeeper (NFT games with yield farming).
Build a token bridge is an interesting project whose foundations are based on the Non-fungible token (NFT) niche. NFTs are cryptographic tokens that represent digital property, and the main feature is their distinguishable nature; in essence, each NFT is unique.
Spores leverages NFT technology to design a suitable digital ecosystem for creators to share and protect their work. This project has pioneered a full stack NFT platform where creators can mint NFT tokens to represent their work. Additionally, Spores features additional built-in features such as account management tools, an auction engine, and cross-chain trading.
The foundations of cross-chain networks: The Bitcoin blockchain was the pioneering crypto network and set the stage for other blockchains like Ethereum and EOS. The latest examples brought new developments to the crypto ecosystem, with Ethereum taking the crown in development aspects. This blockchain network hosts a wide range of decentralized applications, popularly known as DeFi (decentralized finance).
https://www.blockchainx.tech/bridge-smart-contract-development
Build a cross chain bridge, blockchain networks were still limited to their ecosystems until the introduction of cross-chain solutions. This new blockchain infrastructure seeks to enable data exchange and communication between various blockchain networks. By doing so, the blockchain ecosystem will operate as a healthy network where users can tap into multiple products across the digital asset market.
Unlike typical blockchain networks, projects with a fundamental cross-chain architecture are based on interoperable protocols. This form of infrastructure allows blockchain ecosystems to connect seamlessly. Cross-chains allow private blockchains to integrate with other private ecosystems as well as public blockchains.
Cross-chain technology in action: There are currently a couple of cross-chain networks; however, most are still in the early stages or have yet to launch on the mainnet. The few that have shown potential include Wanchain and Spores Network. Let’s dive into how they work to better understand cross-chain technology and the progress made so far.
Wanchain is one of the leading cross-chain protocols with a vision to build a bridge network with other ecosystems. The project leverages decentralized cross-chain technology to integrate blockchain networks including Bitcoin, EOS, Wanchain, Ethereum, XRP Ledger, and Binance Smart Chain (BSC).
Wanchain’s decentralized bridges allow blockchain networks to connect and exchange value between networks. In particular, the Wanchain protocol records intra-chain and cross-chain transactions, hence its value proposition by connecting multiple blockchains.
With a decentralized architecture, Wanchain allows users to build a distributed ‘bank’ to access multiple blockchain networks and products. This cross-chain protocol introduces a distributed super financial market based on blockchain technology.
Unlike most existing cross-chain solutions, Wanchain is a completely decentralized protocol with no third-party custodians involved. Some of the popular DApps that are based on Wanchain include Wanswap (cross-chain DEX) and ZooKeeper (NFT games with yield farming).
Build a token bridge is an interesting project whose foundations are based on the Non-fungible token (NFT) niche. NFTs are cryptographic tokens that represent digital property, and the main feature is their distinguishable nature; in essence, each NFT is unique.
Spores leverages NFT technology to design a suitable digital ecosystem for creators to share and protect their work. This project has pioneered a full stack NFT platform where creators can mint NFT tokens to represent their work. Additionally, Spores features additional built-in features such as account management tools, an auction engine, and cross-chain trading.