Blockchains in an Era of Cross- Chain Compatibility

The capability of the blockchain for cross functionality is boosted by the rise of platfroms that are making a difference. Let us now look at wohty mentions.

Fusion platform



Fusion is a new Blockchain project aimed at creating a fully functional banking and financial services platform. Simply, fusion’s primary goal is to come up with a better way to transfer value between stocks, bonds, equities, tokens, and cryptocurrencies. It's devoted to coming up with Cross-Chain and cross-organization improvements to specific problems in the industry.
As far as security is concerned, fusion has a technology referred to as Distributed Control Rights Management. The technology sees over the control of private keys in the public Blockchain. This way, no one can access the full private key, and therefore no one can have control over the network.

WanChain





WanChain
is also designed specifically for the banking and financial industry. It is meant to create a decentralized financial market. Wancoin, the native token for Wanchain serves as the principal intermediary for all exchanges in the platform.
In addition, it records all the intra-chain and Cross-Chain transactions thereby maintaining an immutable financial record which is important for major institutions such as banks and clearing corporations.

WanChain uses multi-coin smart contracts and a distributed security protocol. This way, no entity can take control of the system’s private key. Also, it deals solely on crypto markets.

WanChain uses proofs known as “Vouchers” to receive transaction requests from another Blockchain. The application is then processed on to a validator node which will in return deploy a smart contract that represents this Cross-Chain transaction.

Polkadot




It’s designed to enable decentralized and scalable computation, mainly focusing on Blockchain communication and interoperability. Polkadot uses “parachain”- meaning parallelizable chains to allow blockchains to communicate with each other. They are simpler kinds of blockchains which attach to the security that’s provided by ‘relay chain’. Polkadot doesn’t have its own security protocols.

Relay chain allows the security of communication between parachains, the parachains perform their independent computations. This means that parachains can function properly even without being under a specific blockchain virtual machine or explicit language. Polkadot are clearly perfect for cross-chain communications.

Blocknet



It's a fully decentralized exchange solution for inter-chain communication; order broadcasting, deposits, coin exchanges, and order matching.
Blocknet is governed by controlled by a decentralized community, and it supports its development and maintenance through a treasury system which allocates an extra of 10% of all the new coins that are minted each month. The service nodes that act as treasures, vote to fund the Blocknet community proposals that serve its vision.


The blockchain world is spreading steadily across the globe and it is certain it is the future to embrace.

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