Projects in the race for cross-system communication
In my previous entry, I raised the topic of the blockchain network problem, which is scalability and a potential solution in the form of technology Cross-chain. You can find the full entry at this link.
In this post I focused on the approximation of a dozen or so (exactly 15) platforms with a cross-chain solution that I found and found to be worth describing. I invite you to the entry.
Ark - is one of the most ambitious projects in this space, with a number of planned functions and a large community of supporters.
ARK provides innovative technologies to users, programmers and startups blockchain. The goal is to create a whole ecosystem of connected chains and a virtual web of endless use cases that make ARK highly flexible, adaptable and scalable.
In addition to inter-network communication, they want to automate the creation of new chains (Blockchains) integrated with their system by implementing a blockchain in the form of a "push-button" (it is about simplicity for the user through 1 clicking). They are also almost ready to integrate support for a wide range of programming languages. This is to increase the availability of ARK for programmers who may prefer individual languages.
Kyber Network (KNC)
Kyber Network - The Kyber network helps to connect all isolated token ecosystems and make tokens usable in a wide range of use cases. This allows you to make payments and transactions with ease, and allows you to use tokens in many different applications, platforms and ecosystems.
Some of the key features of the Kyber network include;
- Variety: Make it easy for everyone to be a reserve and contribute to the global liquidity pool, including funds and tokens teams.
- interoperability: Inter-chain cooperation with other players in the ecosystem.
- scalability: Scalability due to continuous development on the Gormos platform, a recently proposed high-performance scaling solution that will enable the adoption of decentralized applications in the real world.
The protocol allows for an open liquidity contribution in the form of symbolic assets and simple integration by DApps and projects to use a decentralized pool of liquidity, enabling a more connected tokenized world in which each token can be used anywhere.
0x Protocol (ZRX)
0x - the source protocol is open, which was designed to offer decentralized exchange within the Ethereum blockchain. 0x is made using a protocol that uses Ethereum's smart contacts that allow people around the world to carry out decentralized trade with each other. 0x has been designed to be different from both the control panel and the decentralized control panel, providing the best possible combination of functions.
0x is not a completely chain or non-chain protocol, but uses both approaches to achieve the best results and shape the market.
Quant Network (QNT)
Quant Network - The Quant Network network, focused in Great Britain and the EU, is another entity striving to achieve interoperability goals. It is distinguished by the reservation of the EU patent for the inter-network communication protocol. Quant also has a catchy name for its platform: "Overledger."
Like many other teams, it seems to be highly qualified and well connected. One of the positive aspects of Quant Network is that their developers have extensive facilities in the field of cyber security. This is critical for the inter-network protocol because "Attack surface" increases with the growth of inter-network communication.
Block Collider (project after the ICO phase)
Block Collider - This is a project that differs from its competitors in that there are no validators. Validators are witnesses / intermediaries who have to confirm the authenticity of transactions in various chains.
Their white paper seems to have several innovative ideas, and from a philosophical point of view, they can gain several supporters of decentralization efforts.
On the other hand, the team is relatively small and inexperienced, especially compared to the competition. There is also a lack of a strong network of links and partnerships that are likely to facilitate the widespread adoption of the interconnection protocol.
Cosmos - is a decentralized network of independent parallel chains, each fed by consensus algorithms BFTsuch as consensus Tenderminta. Cosmos is an ecosystem of chains that can scale and interact with each other.
Cosmos is currently one of the largest names in the interoperability race. Ethan Buchman, the author of the protocol Tendermint Byzantine Fault Tolerance, is one of the main personalities behind the project. Prepared Tendermint as a master's thesis with the intention of creating an improved Proof-of-Stake protocol. Since then, Tendermint has been accepted by dozens of different projects.
Cosmos is to become the "center" or link of many projects. This was achieved by issuing a software development kit that promises a high level of scalability for blockchain projects.
Cosmos is funded by a non-profit organization registered in Switzerland (probably for political and banking reasons), called the Foundation Interchain (ICF).
ICON - ICON is building an application platform and an inter-network communication protocol. They are members Blockchain Interoperability Alliance. One of the biggest concerns in this area at this time is how blockchain services will deal with government regulations. ICON is working on a comprehensive block-based identity verification system that could ultimately serve as a unified account for healthcare, university and other applications.
Reply ICON to Tendermint jest Loopchain. According to their white book, she has reached 9000 transactions per second on tests. The network achieves this speed by using smaller groups of trusted nodes to verify transactions.
Management is an issue that has been a major problem among blockchain networks, and ICON has a thoughtful structure that rewards network participants for their contributions according to the AI algorithm developed by their parent company, Dayli Intelligence.
Wanchain - The Chinese team works on everything - chain communication, application platform and anonymity. Their main goal is to provide an infrastructure enabling access to financial services in a distributed manner in all existing distribution networks.
This means that it would enable even individuals or small groups to compete globally with fixed-cost banks.
The team has a strong network of contacts and is a member Blockchain Interoperability Alliance. Technically, the team has enough experience to have as good a chance of finding a good solution as top competitors.
AION - A multi-layer blockchain system designed to solve unresolved issues of scalability, privacy and interoperability in blockchain networks.
The Aion protocol enables the creation of a federated blockchain network that allows seamless integration of different blockchain systems in a multi-layered model hub-and-spoke, similar to the Internet.
In general, there is little that makes Aion stand out from the competition, perhaps with the exception of long-term plans to include AI in the consensus model.
More promising, however, is the fact that it was created by NUCO, a Canadian company that develops enterprise networks. NUCO has Vitalika Buterina as an advisor and linkage both with the government and large corporations in Canada. He is also a member Blockchain Interoperability Alliance.
Since interoperability protocols are aimed at setting standards, government contacts and compliance experience are a big plus.
Read also: Aion Network (AION): Decentralized Internet
Metronome - One of the key members of the Metronome team is Jeff Garzikthat can be seen as a big plus or minus, depending on who you are asking. Metronome stands out among interoperable projects with a plan to create tokens that can simultaneously exist on multiple chains. This would theoretically create
tokens that would be able to survive the killing of a given Blockchain.
Lamden - Lamden is a very underrated project. It focuses on providing development tools for enterprise chains and communication between chains, which is also a key element of the project.
Lamden develops a smart contract repository that can be integrated with each of the various promising blockchain application platforms currently under development, including Ethereum, EOS, NEO, Lisk, Throne and other.
They have a strong team and have found a number of important milestones, including successful atomic swaps.
The token is at the heart of the Lamden Blockchain ecosystem Dew. Blockchain Lamden is open source, and transactions are free for everyone. Tau Token enables communication between strings, acting as an indirect liquidity token to facilitate a decentralized network Lamden's Atomic Swap.
Polkadot (ICO phase)
Polkadot - Another of the best-known undertakings in the field of interoperability, Polkadot is associated with Gavin Wood, one of the founders Ethereum. It makes sense that Polkadot, originating from Ethereum developer, concentrates on sending intelligent data about contracts.
The project wants to solve the main problems facing blockchain technology: Interoperability, Scalability, Security. In addition, the tool "Substrate" allows you to quickly and easily build a blockchain for different needs. Polkadot also has an open management system for network users.
Its main network is to be launched in 2019 third quarter year, and tokens will not be tradable until then. The structure of their ICOs seems to indicate that they are sincerely interested in the fact that their technology actually works.
Reliability has already become something of an international standard for smart contracts. Strong ties with the wider community of Ethereum mean that Polkadot will probably have a share of Ethereum's advantage over other players.
Blocknet - Blocknet is a blockchain interoperability protocol that enables communication, interaction and exchange between different chains. This allows the development of multi-channel and micro-chain services, creating more exponentially more opportunities for the blockchain ecosystem.
Blocknet develops fully decentralized exchange as a solution for inter-network communication. This exchange consists of four elements: deposits, transmission of orders, matching orders and actual exchange of coins.
Blocknet is working on the decentralization of all of them, and if it succeeds, it will be first DEXwho will do it. Currency BLOCK it will have to become a node on the network and thus charge (Proof-of-Stake).
Blocknet has already released the beta version of their stock exchange. According to programmers, it has been optimized for infrastructure functions. This means that users can use Blocknet through other applications without even knowing about it.
QuickX - is an innovative protocol designed specifically to cure 4 key problems that hinder the process of blockchain technology introduction into the mainstream. These problems are: time and speed of transfers, transaction costs, scalability and interoperability under different chains. By solving the above problems, QuickX developers hope to offer users safe and instant transfers of cryptographic currencies without high network fees.
QuickX Protocol performs transactions outside of the chain using facylitatory (network moderators) for the same Blockchain assets and benefits from facilitating the pooling of funds that provide liquidity for chain transfers of cryptographic assets. QuickX provides an instant, smooth transfer of various crypto currencies between two pages. This transfer takes place without users having to pay high network fees; using the simplifications in combining assets that immediately facilitate inter-network transactions drastically reduces costs.
QuickX offers a multi-currency wallet, a multi-currency debit card, a currency swap option and a payment gateway. These characteristics make cryptographic currencies become real currencies in global transactions, appropriate for the masses.
The Komodo platform focuses on providing complete type solutions end-to-end blockchain for programmers at every level and in every industry. It is simple and yet powerful, offering non-standard blockchain solutions that are easy to implement and configurable to meet your needs.
Komodo (KMD)to fork Zcash (ZEC). The platform announced that it successfully tested the first scalable solution for atomic exchange (Atomic swaps). Atomic swaps, or atomic trade Cross-chain (cross-string), it is to exchange one cryptographic currency for a different crypto currency, without the need to trust a third party. Atomic cross-chain trading aims to revolutionize the way in which users make transactions with each other.
The platform focuses on strengthening the position of two types of users: blockchain entrepreneurs and the average cryptocurrency investor. Komodo provides a unique and innovative form of security that is as strong as the Bitcoin network, but does not require unreliable costs. The form that ensures security by Komodo is called Delayed Proof of Work technology (DPoW). It is based on the most advanced existing form of blockchain security, or Proof of Work (PoW) technology. This last form of security is a method used by the Bitcoin network.
Did you like it? Check also my blog operating on the decentralized Steem Blockchain network! https://steemit.com/@szymonwsieci