What’s Up With Blockchain Interoperability?
The rapid development of decentralized finance has shown the importance of interoperability in the world of cryptocurrencies. Therefore, blockchain interaction is definitely more of a conversation than a word.
As for the noise, it's more or less gone. But interoperable blockchains are an absolute necessity for this technology to move forward. There are thousands of blockchain projects innovating in their small, closed ecosystems and doing quite well.
However, lack of connectivity between networks creates bottlenecks for all users. As the blockchain community began to address this topic in individual projects, many alliances and collaborations soon formed.
As we all know, wrapped bridges and tokens are starting to allow some level of cross-chain communication. However, there is still much room for optimization to achieve true blockchain interoperability.
What does blockchain interoperability mean?
Blockchain interoperability represents the property of multiple blockchain networks to work together as a whole despite having different state machines and consensus.
A state machine is a mechanism that describes what changes are negotiated within the network. This includes transactions, stored data types, account templates or unpublished transaction result templates.
The state machine is usually the part most people see when they hear about a blockchain project.
A consensus algorithm describes how the network agrees on a translation state. It also includes the level of incentives used to make the network decentralized and permissionless and how it is incorporated.
The most popular levels of incentives based on consensus systems are proof-of-work and proof-of-stake
Inter-blockchain communication
Of course, since there are thousands of blockchains, there are thousands of more or less similar state machines and consensus algorithms. However, some designs are innovative but remain obsolete due to limited use.
Therefore, all these blockchains must be able to communicate with each other. This feature is called IBC, short for Inter-Blockchain Communication.
Inter-blockchain communication represents the ability of one blockchain to communicate directly with another completely independent blockchain.
With the ability to communicate with each other, blockchains can support and connect past, present and future data from different networks.
Furthermore, different blockchain applications can leverage each other's capabilities to create a single network comparable to the Internet. "Blockchain Internet", one might say.
Blockchains are beginning to connect to some extent through bridges and wrapped tokens.
Why is the "internet of blockchain" necessary?
Imagine another computer you use specifically for Google searches, another computer for accessing Facebook, and switching between 100 or more cables every time you visit a different website. Doesn't that sound like hell?
Now imagine a world where you can access all applications, programs and files regardless of their format, whether they are made for Windows, Apple, Android, Linux or any other system. Sounds incredible, right?
The situation described above shows a serious deficiency in the blockchain industry today. While a decentralized application may have some attractive features, it is essentially confined to a closed ecosystem which limits its use cases.
Yes, companies are open to exploring distributed ledger technology solutions But until Bitcoin can be used with an Ethereum-based supply chain dApp and an IOTA-based connected car ecosystem, the blockchain implementation becomes another hard-to-connect data silo.
However, applications that need to reach multiple blockchains can do so through dedicated exchanges, exchanges and bridges. However, the entire process can be quite difficult for the end user as it involves many steps and additional costs.
This is similar to the way banks currently operate when transferring money from one bank to another. A slow and expensive process with multiple ledgers created at each bank to record transactions.
So the needs of the company are not being met.
Different blockchain projects have different requirements. And forcing everyone to use one process to write their state machines doesn't always work.
In terms of privacy, private chains should be able to provide data on their own terms for dApps on the public blockchain. Because companies dealing with private data have to comply with many laws.
Interoperability will solve this problem, leaving more room for specialization in the use of specific data, formats and structures.
Blockchain Interoperability Alliance
In late 2017, Wanchain, AION and ICON formed the Blockchain Interoperability Alliance (BIA) to build cooperation between independent blockchain networks.
The goal was to create standards that would encourage connectivity between different blockchains, solve scalability issues, and create cross-chain best practices in the industry.
AION:
AION is a project mainly focused on blockchain interoperability. AION aims to be a third-generation blockchain platform that will connect other blockchains, both public and private. In addition to interoperability, the team wants to provide an environment for scalable dApp development.
The AION network consists of 3 main components:
1. Bridge of signs
- Tokens are used to exchange;
- It works bidirectionally and uses an algorithm based on Byzantine fault tolerance to achieve consensus.
2. AION Virtual Machine
- A modified version of the Ethereum virtual machine that supports persistence and applications written in Java;
- Lightness and performance.
3. AION API
- An interface for developers to build applications;
- The API supports Java and Web 3.0 programming languages.
AION provides developers with a wide range of tools for on-chain development. These tools allow you to create smart contracts and migrate existing Ethereum dApps to the AION main chain in less than 5 minutes.
AION tokens serve as fuel for the entire network and are used in token bridges.
AION wants to change the way blockchains communicate with each other in an open and public blockchain world. The project aims to have their blockchains act as a service for other blockchains in the network to communicate with each other.
The development team was inspired by how the Internet works with TCP/IP . Applying this concept to blockchain technology facilitates the exchange of messages between different blockchain protocols, regardless of their structure and ownership.
Note on lighting. TCP/IP - Transmission Control Protocol/Internet Protocol is the primary messaging protocol used by the Internet.
The TCP/IP concept took the form of the AION transwarp conduit technology (associated with Star Trek) allowing for a cross-platform "beam" operation through AION.
AION Transwarp Conduit technology defines a standard messaging protocol for exchanging data and state on the blockchain, regardless of where the sender and receiver are using AION technology.
In short, if they integrate AION, you can trade directly from Bitcoin to Ethereum.
vanchain
"Wan" means "ten thousand" in Chinese, so "Wanchen" translates to "ten thousand blockchain". WAN also refers to Wide Area Network; This is how Wanchain creates a network of multiple blockchains that could not communicate before.
Wanchain is a distributed financial platform that facilitates private cross-blockchain smart contract execution. It was created to connect the world's digital assets and transform the digital economy by enabling the flow of the world's digital assets and data.
OneChain is built with specialized nodes known as repository workers. They are an innovative, secure, multi-party processing method for on-chain transaction processing with a threshold-protected secret key.
Every cross-chain transaction goes through the Storeman node, which creates a locked account with funds sent from the main blockchain. At the same time, the equivalent value is represented in the target blockchain as the corresponding mapping token.
The original funds can only be released when the value of the corresponding mapping tokens is sent back to the main chain and the mapping tokens themselves are destroyed.
Advice:
ICON is a decentralized transaction platform that allows blockchains with different governance systems to communicate with each other. The project aims to allow universities, hospitals and financial institutions to communicate with each other via blockchain.
ICON has already established relationships with major South Korean financial companies as well as partnerships with the government.
The technology behind ICON is not a blockchain connection, but a connection between communities. ICON hopes to create a protocol that fosters real-world connectivity between communities
ICON's consensus mechanism is an advanced Byzantine fault tolerance called Loop Fault Tolerance (LFT). LFT provides fast consensus by creating a group of trusted nodes and can configure different consensus mechanisms, allowing each node or group to determine its own number of votes.
Additionally, users can earn through ICX on the ICON network.
The components of the ICON network are:
- Node C;
- Representative C;
- Icon of the Republic;
- Civic Center.
Node C
Node C, or community node, is a component that affects the consensus part of the community. They can be used by organizations or individuals. In C-nodes, node policies are defined by community members.
C-Rep
C-Reps or community representatives are representatives of the community and are elected by community vote.
A representative votes for the government, reviews actions, and receives incentives to activate and maintain the ICON Republic. A delegate can move from one node to another node or from one state to another state.
Icon of the Republic
ICON Republic is a protocol used to connect communities together. It consists of C-Reps with other citizen nodes. ICON Republic is a decentralized platform that enables communication between communities and is not involved in community management.
urban intersection
A citizen node is a single node in the ring chain component of the ICON blockchain. They do not have voting rights and are only authorized to do business.
Note on lighting. Loop Chain is a high performance network for business use with smart futures contracts. It is designed to easily connect to other distributed ledger and blockchain technologies.
Other blockchain interoperability projects
place
Cosmos proposes the concept of an internet blockchain and aims to achieve this by creating an ecosystem that connects all the isolated blockchains. The consensus mechanism used by Cosmos is called Tendermint, a fault-tolerant Byzantine consensus mechanism.
ATOM is the native symbol of the Space Center and serves three purposes:
- For example, payments as an anti-spam mechanism ;
- bet to promote the behavior of nodes ;
- Participation in the management of the space center.
The space station also consists of three main parts.
- Tender mint heart ;
- Application Blockchain Interface ;
- Space SDK .
Tendermint core consists of a consensus algorithm and an inter-blockchain communication protocol.
The app's blockchain interface enables replication of DAPs in different programming languages and also acts as a link between the core and the SDK.
The SDK is the network application layer of the project. It provides developers with a basic blockchain framework.
chain link
Chainlink is a decentralized oracle network that delivers off-chain data to network resources. It acts as a middleware and connects different environments. চেইনলিংক শুধুমাত্র ব্লকচেইনগুলিকে সংযুক্ত করার মাধ্যমে আন্তঃব্যবহারযোগ্যতা প্রদান করে না, বরং বিকেন্দ্রীভূত পরিবেশকে কেন্দ্রীভূত পরিবেশের সাথে সংযুক্ত করে।
অনেক বিকেন্দ্রীকৃত অ্যাপ্লিকেশন আজ বাহ্যিক ডেটার সাথে কাজ করে। যদিও স্মার্ট কন্ট্রাক্ট একটি নির্ভরযোগ্য এবং সুরক্ষিত সিস্টেমের উপর নির্মিত, বেশিরভাগ ক্ষেত্রে এটি কেন্দ্রীভূত উৎস থেকে পাওয়া ডেটার উপর নির্ভর করে যা সহজেই ম্যানিপুলেট করা যায় বা মিথ্যা তথ্য প্রদান করা যায়।
যাইহোক, চেইনলিংক ওরাকল নোড ব্যবহার করে এই সমস্যাগুলি সমাধান করতে চায়। এই ওরাকলগুলি একটি সুরক্ষিত এবং স্থিতিস্থাপক নেটওয়ার্ক তৈরি করার জন্য ডিজাইন করা হয়েছে যেখানে অফ-চেইন তথ্য সহজেই অ্যাক্সেসযোগ্য এবং যাচাইযোগ্য। নোড অপারেটররা তাদের ঐতিহাসিক এবং রিয়েল-টাইম পারফরম্যান্স অপরিবর্তনীয়ভাবে নেটওয়ার্কে সঞ্চয় করে যাতে সবাই দেখতে পারে।
সফ্টওয়্যার জায়ান্ট ওরাকলের সাথে অংশীদারিত্বের মাধ্যমে চেইনলিংক একটি গুরুত্বপূর্ণ আস্থা ভোট পেয়েছে। চেইনলিংক গুগলের অফিসিয়াল ক্লাউড পার্টনারও হয়ে উঠেছে, যা চেইনলিংকের স্মার্ট ওরাকল ব্যবহার করে ব্লকচেইনে সমস্ত বড় ক্যোয়ারী ডেটা রাখবে।
এর অংশীদারিত্বের মাধ্যমে, চেইনলিংক অনেক জটিল ব্যবহারের ক্ষেত্রে সহায়তা করতে সক্ষম, বীমা, বাজারের ডেটা, খুচরা অর্থপ্রদান এবং ইভেন্ট ডেটা মাত্র কয়েকটি।
লিঙ্ক হল Chainlink-এর নেটিভ কারেন্সি এবং সেরা পারফরমিং altcoinsগুলির মধ্যে একটি। এটি অতিরিক্ত ERC 223 কার্যকারিতা সহ একটি ERC20 টোকেন এবং প্রাথমিকভাবে অফ-চেইন নোড ক্ষতিপূরণের জন্য ব্যবহৃত হয়।
মেট্রোনোম
ব্লকচেইন ইন্টারঅপারেবিলিটির ক্ষেত্রে মেট্রোনোম একটি ডেডিকেটেড ক্রিপ্টোগ্রাফিক প্রকল্প। এটি এমন একটি সিস্টেম প্রদান করে যেখানে ক্রিপ্টোকারেন্সি একসাথে একাধিক ব্লকচেইনে থাকতে পারে। প্রকৃতপক্ষে, অন্য ব্লকচেইনে স্থানান্তরিত হওয়ার পরে, একটি মুদ্রা ততক্ষণ বিদ্যমান থাকতে পারে যতক্ষণ না তার আসল ব্লকচেইন বন্ধ থাকে।
বেশিরভাগ ক্রিপ্টো প্রকল্পের সাথে, মেট্রোনোম ফুলে গেছে।
মূল বক্তৃতা
- ব্লকচেইন মিথস্ক্রিয়া আজকাল এত গরম নয়। যাইহোক, DeFi এর উত্থান দেখায়, এই বৈশিষ্ট্যটি তৃতীয় প্রজন্মের ব্লকচেইনের জন্য অত্যন্ত গুরুত্বপূর্ণ।
- ব্লকচেইন আন্তঃঅপারেবিলিটি হল একটি ব্লকচেইন সিস্টেমের সামগ্রিকভাবে অন্যান্য ব্লকচেইনের সাথে যোগাযোগ করার এবং একসাথে কাজ করার ক্ষমতা, এমনকি তাদের বিভিন্ন স্টেট এবং কনসেনসাস মেশিন থাকলেও।
- অনেক ব্লকচেইন ইকোসিস্টেম আছে যেগুলো ভালো করছে কিন্তু শুধুমাত্র তাদের নেটওয়ার্ক দ্বারা সীমাবদ্ধ। তথ্য সাইলো গঠন এড়াতে, বিশেষীকরণ সক্ষম করতে বিভিন্ন ব্লকচেইনকে অবশ্যই সংযোগ এবং যোগাযোগ করতে হবে।
- 2017 সালের শেষের দিকে, Wanchain, AION এবং ICON স্বাধীন ব্লকচেইন নেটওয়ার্কগুলির মধ্যে সহযোগিতা তৈরি করতে ব্লকচেইন ইন্টারঅপারেবিলিটি অ্যালায়েন্স (BIA) গঠন করে।
- ব্লকচেইন ইন্টারঅপারেবিলিটি অ্যালায়েন্স ছাড়াও, কসমস, চেইনলিংক এবং মেট্রোনোমের মতো প্রকল্প রয়েছে যেগুলির লক্ষ্য ব্লকচেইন বিশ্বকে আন্তঃপরিচালনাযোগ্য করে তোলা।
পোস্ট কি ব্লকচেইনের সাথে যোগাযোগ করে? Coindoo-তে প্রথম হাজির।