Mass adoption of blockchain technology will likely hinge on the industry’s ability to achieve interoperability. Cross-chain is the future, as moving data and value across networks is the only way to ensure greater versatility, utility and broader participation.
Blockchain interoperability refers to the ability of two independent networks to communicate with one another without friction. At present, this isn’t easy. You can’t send Bitcoin to an Ethereum wallet for example, or at least not without massive complexity. By enabling frictionless interoperability, we can unlock much greater value. The interconnectedness of blockchains can be likened to the global economy. In the modern world, nation states have all but eliminated protectionism, enabling the flow of goods, services, information, money and people across borders, and it has resulted in numerous benefits for mankind.
The free flow of information across blockchains will lead to similar benefits. If digital assets are portable,...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...