Cross-chain Technology

Cross Chain, technology is increasingly becoming a hot topic of discussion seen as the ultimate solution for enhancing interoperability between blockchains. In Layman’s terms, Cross-chain Technology is an emerging technology that seeks to allow transmission of value and information between different blockchain networks.

Increased usage of established networks like Ripple, Bitcoin, and Ethereum while a good thing has given rise to many issues. As discussed above most blockchain networks operate on isolated ecosystems as they address they try to resolve a unique set of needs.

The inability of different blockchains to communicate with one another has made it impossible for people to enjoy the full benefits of blockchain technology. Cross chain, technology seeks to solve all these issues, by enabling interoperability between blockchains thus making it easy for them to communicate with one another and share information.