Blockchain Interoperability is FINALLY Happening
Cross-chain interoperability is one of the hottest topics in the blockchain space right now. With more disparate blockchain frameworks than ever and thousands of cryptocurrencies in circulation, users want a unifying solution that lets them switch between different platforms, transferring value freely as they go.
While there are several blockchain projects that have shown tremendous promise in this field, it feels like a lot of them haven’t completely matured yet, e.g Polkadot , Cosmos, Fusion, Wanchain and other projects that are currently building interoperability infrastructures.
They had to sacrifice certain aspects of their infrastructure, aspects that were mainly revolving around security and decentralization – to reach a feasible interoperability solution. A rising blockchain start-up that offers interoperability without compromising these specs, is Hybrix – an open-source project that aims to convert this ambitious goal into reality.
WHY CHOOSE A SINGLE BLOCKCHAIN?
As other projects focus on developing the best stand-alone blockchain (the fastest; the most scalable) and growing their community, Hybrix says you don’t need to choose. Dispensing with the tiresome debate over rival ecosystems, hashing algorithms and consensus models, and focusing on incentivizing everyday users, the peer-to-peer token protocol sits atop multiple blockchains by utilizing their data layers and enabling transactions across various chains.
In other words, Hybrix acts as a much-needed bridge between heterogeneous ecosystems, engendering greater efficiencies and rewarding users with a higher degree of utility. The Hybrix protocol simply eliminates the need to use centralized exchanges to securely transfer value from one blockchain to
THIS IS JUST AN EXCERPT! TO READ THE FULL POST VISIT: https://tothemoon.blog/cryptocurrency/blockchain-interoperability-is-finally-happening/
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